Crude oil prices traded on a flat note with a negative bias in Asian trades on Monday September 26, 2011 since investors treaded cautiously amid the fragile global setup as Finance leaders from the US, UK, Canada and China warned European leaders to swiftly tackle the storm over Europe and its banks which have pushed the European economy to the brink of a fresh recession. The oil prices also remained amid the selling pressure due to the volatility in American greenback which hovered at elevated levels making the prices of the commodity costlier for holders of other currencies. Read more »

Oil prices tumbled 5 percent Thursday September 22, 2011 after some of the world's top financial officials gave a gloomy reading on the international economy.

Oil, a bellwether that tracks the market's mood, has dropped 29 percent since April as high unemployment, weak consumer confidence and expensive gasoline slowed down global growth. Read more »

Oil prices will likely rise to about $130 a barrel in the next 12 months as demand in emerging markets such as China and India make up for weak developed world growth, Goldman Sachs said Thursday.

Despite concerns about the U.S. economy and eurozone sovereign debt, which have hit crude prices due to an expected fall in demand, the Wall Street giant forecast commodity prices to remain buoyant. Read more »

Oil prices rose Tuesday Sept. 13, 2011 on the anticipation that a recent tropical storm caused a major disruption in supplies.

The government will report petroleum supply levels on Wednesday. According to a poll by Platts, the energy information arm of McGraw-Hill Cos., the storm likely cut U.S. supplies last week by 2.9 million barrels of oil and 400,000 barrels of gasoline. Read more »