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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China may possibly Reduce Fuel Costs in October

China, the second largest consumer of oil worldwide, may reduce prices for diesel and gasoline this month, with expectations that global per barrel crude oil prices will decrease. Based on the pricing mechanism for China’s oil-based commodities set since 2009, the country will alter the cost of refined oil products when the commodity’s international weighted average price changes by...
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Crude Oil Futures Prices Fluctuates within $88

Crude oil futures prices moved up and down around the level of $88 per barrel in the latest electronic trading after facing a huge blow on worries of poor oil demand. In the Globex, the crude oil futures price for delivery in November grew 0.2 percent, or 14 cents, to $88.28 per barrel during trading hours in Asia. The contract reached an intra-session high of $88.43 per barrel and quickly fell...
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