Oil Prices Fall Closer to $95

The current oil price declined to closer to $95 per barrel as investors weighed an increase in the trade data of China against anticipations of another rise in the crude supplies of the United States. On the New York Mercantile Exchange, the U.S. benchmark crude for delivery in June was lower by 17 cents to $95.45 per barrel. The contract shed 54 cents to end at a crude price per barrel of...
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Vitol Group: Crude Prices Can Go Higher or Lower than $100

The current crude prices can go lower or higher than $100 per barrel, with neither movements dominating at present, aside from a longer term trend for slight gains, according to the Vitol Group’s head. For the first time in almost nine months, the crude futures prices of Brent recently fell lower than $100 and have fluctuated in both directions since then, trading at a crude price per barrel of...
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Current Oil Price in Asian Trading Lifted by Japanese Equities

The current oil price was up in Asian trading, lifted by strong equities in Japan as the market got better from a weak U.S. employment report, said analysts. On the NYMEX, the U.S. benchmark for May delivery gained 14 cents to a crude price per barrel of $92.84, while Brent crude for delivery in May moved 32 cents higher to $104.44 per barrel. The crude market is coordinating with the movement...
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OPEC Considers Current Oil Prices as Beneficial

The current oil prices are not dangerous to the world economy; it is, in fact, contrary to that because they are supportive of energy investments, according to the recent statement of the secretary general of the Organization of Petroleum Exporting Countries (OPEC). The average crude price per barrel for this year is about $110. After early indications of stabilization in the global economy, the...
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Current Oil Prices may Fall with Successful US Oil Exploration

With the successful oil exploration of the United States in its own land, the current oil price trend is moving in a downward direction, even though the risk of outward shocks is still present, according to Nouriel Roubini, an economist based in New York. During the Middle East Hedge Funds summit, the economist said that, while there is a low possibility for surplus inventories of crude in the...
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