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Brent crude jumps to $115 per barrel
(The Hindu Business Line - 31/01/2013)

Oil prices rose in Asian trade today after Syria accused Israel of staging an air raid on a military research centre, raising tensions in the crude-producing West Asia. New York’s main contract, light sweet crude for delivery in March, increased three

Oil Trades Near Four-Month High as Fed Maintains Asset Buying
(Bloomberg - 31/01/2013)

Oil traded near the highest level in more than four months in New York as the Federal Reserve maintained an asset-purchase program to boost the economy of the world’s biggest crude-consuming nation. Futures were little changed, heading for the biggest

Oil Trades Near Four-Month High Before Federal Reserve Statement
(Bloomberg - 30/01/2013)

Oil traded near the highest level in four months before a Federal Reserve policy statement that may signal the central bank will keep adding economic stimulus in the U.S., the world’s biggest crude user. Futures were little changed in New York after

Oil Trades Near Four-Month High as OPEC Sees No Price Collapse
(Bloomberg - 29/01/2013)

Oil traded near the highest level in four months in New York on signs of economic growth in the U.S. and after OPEC Secretary General Abdalla El-Badri said prices are unlikely to drop this year. Futures were little changed after climbing 0.6 percent

China crude oil output in December up by 5.6%
(china knowledge - 28/01/2013)

China Knowledge reported that China, the world's second largest oil consumer, saw its crude oil output grow 5.6% YoY to 17.94 million tonne in December 2012. According to the figures released by the National Statistics Bureau, , China's natural gas

Oil prices rise in Asia after Wall Street rally
(Business Standard - 28/01/2013)

Oil prices rose in Asian trade today with dealers encouraged by better-than-expected earnings data on Wall Street, analysts said. New York's main contract, light sweet crude for delivery in March gained seven cents to $95.95 a barrel and Brent North Sea

Oil Trades Near Highest Level in Four Months on Economic Outlook
(Bloomberg - 28/01/2013)

Oil traded near the highest level in four months in New York, after posting the longest run of weekly gains since April 2009, amid speculation a global economic recovery will boost fuel demand. West Texas Intermediate crude was little changed after

Profit-taking leaves oil flat after strong week
(Reuters - 27/01/2013)

Oil traders sold crude to book profits on Friday after strong data from major economies increased optimism about the state of the world economy and underpinned gains made during the week. Brent crude oil futures ended the day unchanged, while U.S. crude

Oil Futures Rally Stalls Below $96 a Barrel
(4-traders - 27/01/2013)

Crude-oil futures prices ended slightly weaker Friday amid mixed economic signals and concerns about refinery maintenance curbing near-term U.S. oil demand. Traders said disappointing data on U.S. new home sales in December negated the impact of

Crude Oil Futures Mixed After Recent Gains
(The Wall Street Journal - 27/01/2013)

Crude-oil futures were trading mixed in Asia Friday. They recovered some of their early losses on profit booking after recent gains that pushed Brent crude to a closing high of more than $113 a barrel for the first time since mid-October. <p>For more on

Crude Oil Futures Gain On Upbeat China Data
(International Business Times - 27/01/2013)

Crude oil prices advanced in Asia Thursday after a private survey showed that Chinese factory activity in January grew at its fastest pace in two years. Light sweet crude for March delivery gained 0.26 percent or 23 cents to $95.48 a barrel in electronic

US Crude Oil Rises on Positive Economic Data
(CNBC - 27/01/2013)

Oil prices rose on Thursday, buoyed by strong economic data from China, the eurozone and the United States, with U.S. crude prices getting an extra boost from expectations the vital Seaway pipeline could resume full capacity operation within a week.

ONGC eyes Rs 8,800 cr windfall via gas price hike
(Business Standard - 26/01/2013)

The Oil and Natural Gas Corporation CMD Sudhir Vasudeva today said he is expecting the gas prices to go up by $4 per million BTU in the wake of the Rangarajan Committee’s recommendations which will bring a windfall of Rs 8,800 crore to the oil company.

Crude-Oil Futures Rise to Four-Month High
(The Wall Street Journal - 25/01/2013)

U.S. crude-oil futures rose to the highest settlement in four months Tuesday as a push in stock markets to multiyear highs raises hopes about broader economic growth. Light, sweet crude oil for February delivery settled 68 cents, or 0.7%, higher at

Crude Oil Trading Mixed, With Opinions Diverging on Direction
(FOXBusiness - 25/01/2013)

Crude oil futures were trading mixed in London on Tuesday, with some analysts predicting a brightening in the longer-term price forecast but others warning that there are still contingencies. At 1030 GMT, the front-month March Brent contract on London's

Brent Crude Oil Loses Ground
(Ventures Africa - 25/01/2013)

Brent futures lost ground on Monday after a three-day rally last week as concerns of oversupply offset fears of unrest in the Middle East. In addition, traders said investors had taken profit following gains last week driven by encouraging economic data

Crude Oil Futures Hover Above $95 In Asia
(International Business Times - 25/01/2013)

Crude oil prices declined and hovered near $95 a barrel during the Asian trading hours Monday after surging to a four-month high last week. Light sweet crude for February delivery declined 0.53 percent or 51 cents to $95.05 a barrel in electronic trading

Crude Oil’s Implied Volatility Falls to Lowest Since 1996
(Bloomberg - 25/01/2013)

Implied volatility in crude oil, a measure of expectations for future price swings, eased to its lowest level in 17 years as growing confidence in the global economy was balanced by surging output in North America. The implied volatility for U.S. West

Oil Heads for Longest Run of Weekly Gains Since 2009 on Economy
(Bloomberg - 25/01/2013)

Oil headed for a seventh weekly advance in New York, the longest run of gains in almost four years, amid signs of global economic growth and a drop in crude stockpiles at Cushing, the U.S. storage hub. Futures were little changed after yesterday’s

Oil Trades Near One-Week Low on U.S. Supplies, Seaway Pipeline
(Bloomberg - 24/01/2013)

Oil traded near the lowest level in a week in New York after U.S. crude stockpiles gained and capacity on the Seaway pipeline was reduced. Futures were little changed after dropping yesterday the most in a month. Crude supplies rose by 3.2 million

Crude oil prices down on profit-taking
(The Hindu Business Line - 23/01/2013)

Oil prices were down in Asian trade today as investors locked in profits from recent gains. New York’s main contract, light sweet crude for delivery in March, was down 16 cents at $96.52 a barrel and Brent North Sea crude for March delivery shed 20 cents

Oil Trades Near Four-Month High Before Vote on U.S. Debt Ceiling
(Bloomberg - 23/01/2013)

Oil traded near the highest price in four months in New York as speculation that the U.S. will lift its debt limit countered forecasts that stockpiles increased in the world’s largest crude consumer. March futures were little changed after gaining 0.7

Crude oil prices mixed in Asian trade
(The Hindu Business Line - 22/01/2013)

Singapore, Jan 22 Oil prices were mixed in Asian trade today on geopolitical concerns triggered by a bloody showdown between Islamists and Algerian forces, with weaker crude demand capping the gains. New York’s main contract, light sweet crude for

Oil Trades Near Four-Month High as Japan Pledges More Stimulus
(Bloomberg - 22/01/2013)

Oil traded near a four-month high in New York as Japan’s central bank said it will expand asset purchases to lift the world’s third-biggest crude consumer out of its third recession in five years. Brent prices advanced. Futures were little changed after

Oil Drops From Four-Month High Before U.S. Debt Ceiling Talks
(Bloomberg - 21/01/2013)

Oil dropped from the highest price in four months in New York before U.S. lawmakers vote on budget measures and European finance ministers meet to discuss the debt crisis that threatens the region’s economy. West Texas Intermediate futures slipped as

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