Articles Tagged "data"

Crude oil headed for $71.55 a barrel

Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.

Crude falls on US GDP report data

Crude oil prices fell after the Commerce Department released a report showing that the GDP contracted by an 0.3 % annualized rate in Q3, its worst performance since Q3 of 2001. For full story, click here