Oil prices reverse path and climb higher after EIA data
BonTradeCrude oil prices for both Brent and WTI futures reversed path in trading this afternoon, as the latest oil supply data out of the US showed another big decline in American crude oil stocks.
Latest Crude Oil Prices
In London, Brent oil futures for February 2011 delivery was trading at $95.53, 18.00 GMT on the ICE Futures Exchange.
WTI oil futures for February 2011 delivery was at $90.57, 18.00 GMT on the NYMEX. Both oil contrcts gained well over one percent in the last hour alone.
Grim EIA Data Helps Lift Oil Prices
US Department of Energy on Wednesday reported a larger than expected decline in crude oil stocks, reporting that US crude oil stockpiles fell 4.2 million barrels during the week ended 31st December 2010, exceeding the 2.2 million barrel average draw analysts had expected.
- WTI oil futures under $89 ahead of weekly EIA oil data
- WTI oil trading at $82 on mixed US oil supply data, dollar
- Oil prices make correction lower on profit taking
- Brent oil trading steady at $95 amid firm US dollar
- WTI oil firm at $92, investors bet prices will trade higher
- WTI oil prices in 2011, most bet $100 plus oil is ahead
- WTI oil trading firm over $91 amid higher US oil data
- Brent oil price nears $95, crude market looks bullish
- Crude oil prices hit 2 year highs, traders eyeing $100 oil
- Brent oil price closes over $91 mark, $100 oil for 2011?
- Dollar Index strength may tumble oil prices in 2011
- Brent oil price surges over $85 on holiday market rally
- WTI oil trading over $80 as investors turn bullish on oil
- Crude oil prices hammered lower as stock markets tumble
- Brent oil price near $82 as European markets rebound
- WTI oil price trading back near $77 on US supply jump
- Oil prices hold firm near $76 mark as BP stops Gulf oil leak
- Oil prices end week’s trading session down eight percent
- Brent oil price trading lower, is double dip on it’s way?
- Oil prices trading up 2 percent on China Yuan decision
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Oil prices reverse path and climb higher after EIA data
