Zee NewsDepreciating rupee to push up prices of manufactured goodsZee NewsThe declining value of rupee, which has depreciated by 11 percent against dollar since March, will directly push up the cost of crude oil and other imported commodities used as i…

Proactive Investors UKOil prices lower ahead of G8 summitPlain DealerThat's around 21 cents less than a year ago. the current national average for gasoline is $3.71 per gallon…the peak national average in 2012 was 3.94 per gallon… current oil p…

But one trader expected prices to ease back from current high levels over the next few months … He added that a slump in oil prices to $111 a barrel since the start of the month as well as the start-up of new production plants in Australia …

China’s apparent oil demand – crude runs plus net imports of oil … Sinopec will lose $5 per barrel and PetroChina $7 a barrel in refining if crude prices remain at current levels, CLSA said. China, which controls fuel prices to curb inflation …

Quicksilver Resources Reports 2012 First-Quarter ResultsMarketWatch (press release)The company's production is well hedged in 2012 and 2013 and we are advancing our grass roots oil projects. Despite current gas prices we believe we will significant…

“At current levels, U.S. crude is moving at the middle of … a factor in the recent drop in oil prices. On Wednesday, Iran said it would seek an end to sanctions over its nuclear activities at talks with world powers on May 23 in Baghdad.

VEGOILS-Palm oil falls in thin trade but exports add supportReuters* Slower US growth weighs on investor sentiment * April exports bullish, up 9.4 percent from a month ago-ITS * Exports up 10.4 percent for same period -SGS * Palm oil still targets 3439…

“That will just add to the physical over-supply and should weigh on prices if the support from financial markets fades,” he said. In his morning note he added that the current supply surplus roughly equates to Libya’s oil production level …

Chief Executive Tony Petrello, whose company also owns the sixth-largest pressure pumping fleet in North America, said he did not expect a sharp drop in overall rig activity in the region at current oil prices. “On the other hand, the impact on …

SG targets Brent at $135 a barrel in the third quarter, some 17 percent above current levels, and recommends that investors insure their portfolios with exposure to oil services. “The best way to get some exposure to the oil price in an equity …