Crude oil slipped in New York, paring this week’s gains, after an unexpected surge in initial jobless claims in the U.S. raised concern that fuel demand may slow in the world’s leading energy consumer. Anthony Nunan, an assistant general manager for risk management at Mitsubishi Corp. in Tokyo., stated: People are concerned that we could [...]
Continue reading "Crude Oil Slipped On U.S Jobless Claim Surge"
Friday, June 19, 2009
Crude oil snapped four weeks of gains, trading little changed near $71 a barrel in New York, as fuel demand remained weak even as data showed that the international economy may be recovering from the slump. For full story, click here
Tuesday, May 5, 2009
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"
Thursday, April 23, 2009
New York’s main futures contract, light sweet crude for June, surged to US$48.8 while Brent North Sea crude for delivery in June rose to US$50.10. For full story, click here
Continue reading "Crude Oil futures rose to $48.8"
Friday, April 17, 2009
Crude oil dipped as much as US$1.07, or 2.1%, to US$51.17 per barrel in electronic trading on the New York Mercantile Exchange. For full story, click here
Continue reading "Crude Oil dipped on grim IEA forecast"
Wednesday, April 8, 2009
Crude oil prices slipped to less than $49 a barrel Wednesday on the New York Mercantile Exchange after a slide in stocks created doubts demand was ready to rise. For full story, click here
Continue reading "Crude Oil prices slipped to $49"
Friday, March 27, 2009
Crude oil dipped $2.05 to $52.29 a barrel in electronic trading on the New York Mercantile Exchange. For full story, click here
Continue reading "Crude oil fell $2.05"
Thursday, November 20, 2008
Organization officers gathered this week to officially celebrate the planned construction of its new headquarters at NE 4 and Lincoln Boulevard. For full story, click here
Continue reading "Oklahoma Independent Petroleum Association plans new home"
Friday, November 14, 2008
Brazil plans to invest some $400 bn in coming 10 years to develop new offshore fields that may contain as much as 80 billion barrels of oil. For full story, click here
Continue reading "Brazil plans to invest $400 bn to develop offshore oil fields"
Thursday, November 13, 2008
Oil prices on Thursday took a lead from Wall Street and swung widly. Wall Street sank 300 points before investors flooded back into the market. Light, sweet crude for December delivery was up $2.08 to settle at $58.24 on the New York Mercantile Exchange. For full story, click here
Continue reading "Crude prices follow Wall Street"
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Thursday, August 20, 2009