World oil prices remained below $78 a barrel in Asian trade Tuesday ahead of a crucial US Energy department data. Light sweet crude for January delivery was seen trading at $77.52 a barrel at 12.00 noon Singapore time while Brent crude was at $77.55 a barrel at the same time.

On Monday, oil advanced on the weaker US dollar but also as concerns regarding Iran’s nuclear program returned to the fore.

Benchmark crude for January delivery rose 9 cents to settle at $77.56 a
barrel on the New York Mercantile Exchange.London’s Brent North Sea
crude for January delivery gained $1.15 to settle at $78.35.

The dollar traded at $1.4945 per euro, from $1.4961 Monday in New York,
having earlier slid 0.9 percent to $1.4999 in the biggest intraday drop
since Nov. 9. A weaker dollar prompts investors to buy commodities as a
hedge against inflation.

The dollar began the week lower as a Federal Reserve official urged the
continuation of stimulus programs and as home sales in October greatly
exceeded market expectations, revving up traders’ taste for
higher-yielding assets.

Source: Commodity Online

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• Oil edges up to about $ 78 in Asian trade

    Global oil prices advanced above $78 a barrel in Asian trade Monday after edged down last week on strengthening dollar and concerns over sustainable economic recovery.

• Oil back above $ 74 in Asian trade

    Global oil prices reversed trends and edged above $74 a barrel in Asian trade Tuesday mainly on dollar weakness. Light sweet crude for January delivery was seen trading at $ 74.41a barrel at 12.00 noon Singapore time while Brent crude was at 76.68 a barrel at the same trime. The

• Oil hovers above 77 U.S. dollars in Asian trade

    Global oil prices remained above $77 a barrel in Asian trade Tuesday mainly on weak dollar amid speculation credit losses in Dubai won’t derail the global economic recovery.

• Oil stays below $ 70 in Asian trade

    Global oil prices eased further in Asian trade Monday, for the ninth day in succession, amid concerns about the level of US demand and a stronger dollar. Light sweet crude for January delivery was seen trading at $69.42 a barrel at 11.30 a.m Singapore time after hitting as low as

• Oil dips below 76 U.S. dollars in Asian trade

    Global oil prices dropped below $76 a barrel in Asian trade Friday mainly on a US report showed dipping fuel demand. Light sweet crude for January delivery was seen trading at $75.92 a barrel at 11.30 a.m Singapore time while Brent crude was at $77.81 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

• Oil easier, after overnight gains in Asia

    Global oil prices eased in Asian trade Thursday, after overnight gains, as the dollar recovered against the euro. Light sweet crude for January delivery was seen trading at $ 72.29 an ounce at 11.30 a.m Singapore time while Brent crude for February delivery was at $74.00 a barrel at the

• Oil recovers in Asia U.S. dollars Dips

    Global oil prices recovered in Asian trade Tuesday as the dollar weakened increasing the appeal of commodities as an alternative investment. Light sweet crude for February delivery was seen trading at $78.41 a barrel at 12.00 noon Singapore time while Brent crude was at $77.15 a barrel at the same

• Oil recovers in Asia U.S. dollars Dips

    Global oil prices recovered in Asian trade Tuesday as the dollar weakened increasing the appeal of commodities as an alternative investment. Light sweet crude for February delivery was seen trading at $78.41 a barrel at 12.00 noon Singapore time while Brent crude was at $77.15 a barrel at the same

• 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 edges above 71 dollars in Asian trade

    World oil prices edged above $71 a barrel in Asian trade Thursday as recent slide in prices prompted traders to invest more in black gold. Light sweet crude for delivery in January was seen trading at $71.08 a barrel at 11.30 a.m Singapore time while Brent crude was at $72.81

• Remianen oil below 78 dollars in Asian trade

    Global oil prices remained below $78 a barrel in Asian trade Thursday as the market awaits a crucial energy report from the US. Light sweet crude for March delivery was seen trading at $77.61 a barrel at 11.30 a.m while Brent crude was at $76.10 a barrel at the same

• Oil dips near 77 U.S. dollars in Asian trade

    Global oil prices eased in Asian trade Thursday but stayed above $77 a barrel on reports of up trends in US economic recovery. Light sweet crude for March delivery was seen trading at $77.04 a barrel at 11.30 a.m Singapore time while Brent crude for April delivery was at $$75.96

• 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 stays below $ 79 in Asian trade

    Global oil prices remained below $79 a barrel in Asian trade Tuesday after the dollar strengthened on European sovereign risk worries. Light sweet crude for April delivery was seen trading at $78.83 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 77.04 a barrel at the