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.
Continue reading "Crude oil headed for $71.55 a barrel"
Friday, August 29, 2008
Crude oil headed for its biggest weekly gain in almost two months as producers evacuated rigs before the arrival of Gustav. Addison Armstrong, director of market research at TFS Energy LLC, said: Prices are higher on the prospect that Hurricane Gustav will strike the heart of the oil and natural gas production region in the [...]
Continue reading "Oil jumps as Gustav Threatens Gulf of Mexico Platforms"
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Tuesday, May 5, 2009