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Today's oil prices drop as demand prospect weakens

2013-05-28 01:00:00| Offshore Technology

Oil prices declined today over expectations about the global economy and excess supply, while investors anticipate the start of the summer driving season in the US will boost prices.

Tags: prices oil drop demand

 

Today's oil prices drop on worries over excess supply, slow recovery

2013-05-24 01:00:00| Offshore Technology

Oil prices decreased today and are expected to witness their biggest weekly loss in five weeks, over apprehensions that excess supply and a sluggish global economic recovery will pull down demand for oil.

Tags: prices supply oil drop

 
 

Today's oil prices plunge over dismal China data, firm dollar

2013-05-23 01:00:00| Offshore Technology

Oil prices decreased today after China released fresh data, which painted a gloomy picture of the country's strength of recovery, while a firm dollar also added additional pressure on commodity markets, including oil.

Tags: data china prices firm

 

Oil prices slide over gasoline stockpiles, summer demand concerns in US

2013-05-22 01:00:00| Offshore Technology

Oil prices plunged today, following data which showed that gasoline stockpiles increased suddenly in the US, and on concerns that peak summer demand in the world's top oil consumer may not meet expectations.

Tags: us prices summer oil

 

Today's oil prices positive as supply concerns rise over Middle East tensions

2013-05-21 01:00:00| Offshore Technology

Oil prices remained positive today, mainly due to supply concerns rising from escalating tensions in the Middle East, while balanced apprehensions about moderating demand growth kept prices under pressure.

Tags: prices east middle positive

 

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