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Daily Oil Prices – Trade Spot Oil 29th April 2009

Yesterday’s API (Amerian Petroleum Institute) data reported a 4.6 million barrel build in oil inventories, a 2.6 million barrel draw on gasoline stockpiles and a 1.6 million barrel increase in distillate inventories with refining capacity estimated at 81.5%.  US oil stocks are now at 370.6...

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Daily Oil Prices – Oil Chart 24th April 2009

Against all the fundamental odds which include weak global demand and an every increasing swelling of the oil stocks both on and offshore, crude oil prices continue to trade near the $50 a barrel price point largely on the view that economic conditions are on...

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