Crude oil futures declined Tuesday as the offshore oil and gas workers strike in Norway ended overnight after the government's intervention.
This week?s focus will be the June Federal Open Market Committee minutes, U.S. trade deficit and China's Q2 GDP.
Kenyan had signed a deal in June to purchase about 4 million tons of oil from the Iranian National Oil Company.
Oil prices remained near $87 a barrel during Asian trading hours Thursday as investors were awaiting the key monetary decisions from the European Central Bank (ECB) and Bank of England.
Indian stock markets were trading slightly lower Wednesday as declines from oil & gas and IT sector shares outweighed the gains in metal and realty sectors.
Crude oil futures declined during Asian trading hours Wednesday after surging in the previous session on renewed tensions over Iran's nuclear program.
Crude oil futures advanced Tuesday on fears that growing tensions between Iran and the West may threaten crude supplies from the Middle East.
While this week will be interrupted midway by the Fourth of July holiday, the barbecues and fireworks are unlikely to take away from the importance of Friday's June nonfarm payrolls report. Monday's ISM manufacturing index will also be in focus.
Crude oil futures declined during Asian trading hours Monday after reporting their biggest one-day price surge in three years in the previous session as a breakthrough in the European Union summit in Brussels boosted sentiment.
The European Union's economic sanctions on Iran became fully effective on Sunday, but the Islamic Republic's deputy oil minister claimed the country will have no difficulty finding replacements for recent EU purchasers of its crude.
In Sudan, the big protest is in progress. Media reports are still scant, but Twitter is chirping with updates.
Crude oil futures rallied during Asian trading hours Friday after European Union leaders agreed on support for Spain and Italy.
In Nigeria, overpopulation is a definite problem. Cutting down on fertility rates would help, but the government must choose the right plan of attack.
Asian shares rose on Thursday on encouraging U.S. economic data, but prices could falter with markets tense ahead of a European summit deeply divided on how to tackle the protracted euro zone debt crisis and stop it spreading further.
Crude oil futures slightly declined and hovered above $79 a barrel during Asian trading hours Wednesday as doubts over the ability of European leaders to address the debt crisis at a summit this week offset concerns over tightened North Sea supplies due to a strike in Norway.
South Korea announced it will halt imports of Iranian crude oil as the European Union's ban on insuring oil shipments from Iran comes into effect toward the end of the month.
