Posts tagged oil inventories
Crude oil price update
Chinese news of yuan free float (click here for MB update) had its affect on crude oil as well and NYMEX light sweet crude oil opened up and touched a high of $ 78.92/ barrel against last week’s close of $ 77.18. However it retreated back to $ 77.82 towards close as More >
Weekly crude oil update:June 12, 2010
Carrying over from the negative sentiment created by weaker than expected US Employment report last week, crude oil started the week on a lower note, but then steadily increased for the week.
Prices rose on 4 out of 5 days of the week. Oil inventories at US declined 1.8 mln barrels More >
