World oil prices advanced marginally in Asian trade Wednesday mainly on a report showing drop in US stockpiles.

Light sweet crude for December delivery was seen trading at $79.71 a
barrel at 11.00 a.m Singapore time while Brent crude was at $ 78.05 a
barrel at the same time.

Analysts said gains in U.S. home prices plus an industry report showing
a drop in stockpiles bolstered optimism that the world’s largest energy
user is recovering from the worst recession since the 1930s.

American Petroleum Institute reported Tuesday that crude stockpiles in the U.S. declined 1 percent to 339.5 million last week.

On Tuesday, crude oil for December delivery rose 82 cents, or 1 per
cent, to $79.50 a barrel at the close of floor trading on the New York
Mercantile Exchange.

Brent crude increased 66 cents, or 0.9 percent, to end the session at
$77.92 a barrel on the London-based ICE Futures Europe exchange.

Oil prices have climbed 78 per cent this year and reached a one-year high of $82 a barrel on October 21.

Oil fell 2.3 percent on Oct. 26 when the dollar climbed, reducing
investor demand for commodities. The dollar was at $1.4819 per euro in
early Asian trade from $1.4804 Tuesday , when it touched $1.4770, the
strongest level since Oct. 13.

Source: Commodity Online

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• Oil facilitated further in Asian trade

    World oil prices eased further in Asian trade Tuesday on speculation that US fuel stockpiles will climb as consumption declines. Light sweet crude oil for October delivery was seen trading at $68.81 a barrel at 11.30 a.m Singapore time while Brent crude was at $67.40 a barrel at the same

• Oil will remain stable in Asian trade

    Global oil prices remained steady in Asian trade Wednesday after advanced above $78 a barrel overnight. Light sweet crude for January delivery was seen trading at $78.31 a barrel at 11.00 a.m Singapore time while Brent crude was at $79.41 a barrel at the same time

• Facilitates oil below $ 72 per barrel in Asia

     Global oil prices eased below $72 a barrel mark in Asian trade Thursday on reports of increase in US crude stockpiles. Light sweet crude for September delivery was seen trading at $71.39 a barrel at 12.00 noon Singapore time while Brent crude was at $74.85 a barrel on London’s ICE

• Oil dips below $ 79 in Asian trade

    World oil prices extended losses and eased below $79 in Asian trade Wednesday mainly on reports of increase in US stockpiles amid dollar recovery. Light sweet crude for December delivery was seen trading at $78.62 a barrel at 12.00 noon Singapore time while Brent crude was at $76.84 a barrel at the

• Oil dips below $ 79 in Asian trade

    World oil prices extended losses and eased below $79 in Asian trade Wednesday mainly on reports of increase in US stockpiles amid dollar recovery. Light sweet crude for December delivery was seen trading at $78.62 a barrel at 12.00 noon Singapore time while Brent crude was at $76.84 a barrel at the

• Oil hovers near $ 79 in Asian trade

    World oil prices remained near $79 a barrel in Asian trade Wednesday after dropped overnight mainly on restoration of oil operations in the Gulf of Mexico. Light sweet crude for December delivery was seen trading at $79.14 a barrel at 11.30 a.m Singapore time while Brent crude for December delivery

• Oil edges up to about $ 79 in Asian trade

    Global oil prices edged higher in Asian trade Wednesday as the dollar eased while reports of decline in US stockpiles also helped. Light sweet crude for April delivery was seen trading at $79.32 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 77.68 a barrel at

• Oil will fall in Asian trade

     Global oil prices eased in Asian trade Wednesday as a US report showed drop in consumer confidence and a fall in earnings by British energy major BP. Light sweet crude for September was seen trading at $66.63 a barrel at 11.30 a.m Singapore time while Brent crude for September delivery was at

• Oil dips on profit-taking in Asia

    World oil prices eased marginally in Asian trade Thursday mainly on profit taking by investors from recent gains ahead of a holiday in the US. Light sweet crude for January delivery was seen trading at $77.51 a barrel at 12.00 noon Singapore time while Brent crude was at $78.05 a

• Oil falls below $ 72 a barrel in Asian trade

    Global oil prices eased further in Asian trade Wednesday after sliding more than three percent overnight. Light sweet crude for October delivery was seen trading at $71.86 a barrel at 10.30 a.m Singapore time while Brent crude was at $71.69 a barrel at the same time. On Tuesday, October delivery

• Oil falls below $ 72 a barrel in Asian trade

    Global oil prices eased further in Asian trade Wednesday after sliding more than three percent overnight. Light sweet crude for October delivery was seen trading at $71.86 a barrel at 10.30 a.m Singapore time while Brent crude was at $71.69 a barrel at the same time. On Tuesday, October delivery

• Oil falls below $ 80 in Asian trade

    World oil prices dropped below $80 a barrel in Asian trade Wednesday mainly on increase in US stockpiles amid reports of China’s efforts to remove huge liquidity from its economy.

• Oil price rises to $ 82 in Asian trade

    World oil prices advanced near $82 a barrel in Asian trade Monday mainly on a weak dollar amid improved energy demand. Light sweet crude for April delivery was seen trading at $82.00 a barrel at 11.30 a.m Singapore time while Brent crude was at $80.41 a barrel at the same

• Oil dips below $ 77 as a growing U.S. inventories

    Global oil prices remained below $77 a barrel in Asian trade Thursday mainly on reports of increase in US stockpiles while fuel demand dropped. Light sweet crude for January delivery was seen trading at $ 76.94 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 78.41

• Oil will remain even after the steady rise over night

    Oil prices remained steady in Asian trade Thursday after an overnight surge in which it settled the highest in more than one year. Crude oil for December delivery traded at $81.31 a barrel, down 6 cents, in electronic trading on the New York Mercantile Exchange at 12.00 noon Singapore time. Brent crude for