crude oil prices today april 5 2011

crude oil prices today april 5 2011 : Oil prices held near 2-1/2 year highs on Tuesday, with Brent crude topping $121 a barrel as unrest in oil exporting countries in the Middle East and Africa outweighed China's fourth interest rate hike since October. Diplomatic efforts to end the war in Libya remained stalled as clashes over the oil town of Brega continued while Western air strikes continued to target Libyan leader Muammar Gaddafi’s military power.

The stalemate fuelled fears of a prolonged loss of oil exports from Libya despite reports that a first cargo of crude oil is due to be loaded by rebels on Tuesday. Brent crude was 1 cent up at $121.1 a barrel after closing at $121.1 a barrel on Monday, the highest since August 1, 2008.

US crude was 47 cents lower at $108.0 a barrel after settling at $107.8 on Monday, the highest since September 2008.

“It’s looking overbought and we might see a bit of a correction now, but now that Brent has broken above $120 it’s hard to put a top on it,” said Rob Montefusco, an oil trader at Sucden Financial.

crude oil prices News

Price		Change			Trades	Volume
12:40 - $ 108.18		0.29 0.27%			88,895	143,024
Range	Open	52 Wk Range			1 Year Forecast
107.50 - 108.60	108.20	68.01 - 108.60			$124 / Barrel

top commodities crude oil price today April 5 , 2011
Oil prices have hit an all-time high in sterling terms following a cocktail of supply pressures across Africa and the Middle East. The impact of the weaker pound, which declined 17% in value in the past two years, means the sterling value of Brent crude oil has risen to a record high of £74.60 per barrel. Read More...

Daily Crude Oil Outlook April 5, 2011
Crude oil prices continued to rise on Monday, where oil prices rose above $108 a barrel, the highest level since September 2008, before dropping back as the U.S. session started, where the ongoing political tension in the Arab world, a region rich of oil reserves, boosted crude oil prices amid concerns over the supply of oil from Libya mainly, as the conflict between Colonel Muammar Gaddafi and rebels backed by Coalition Forces continued. Read More...

Crude oil prices outlook – 5 April 2011
Crude oil prices moderately inclined yesterday and thus the unclear trend for oil prices continue. Current oil prices are moderately declining. Let’s examine the main news for today, April 5th that might affect the crude oil markets. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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