Brent Crude Drops 3%, Nears $100 in Commodities Rout
Reuters reported that Brent crude oil has further declined almost 3% and has inched closer to $100/barrel on Monday, extending a 2-week selloff that has cut almost 10% off prices.
Articles Tagged "Oil Market News"
Earthstone Announces Q3 Results
Earthstone Energy Inc. (NYSE MKT:ESTE), an oil exploration company, announced its third quarter income for the fiscal 2013 at $370,000 on revenue of $2.8 million.
Raging River Exploration Increases its Production by 23% in 2012 Q2
Raging River Exploration Inc. (TSXV:RRX) has increased its production by 23% in the second quarter of 2012.
Crude Oil Down 50 cents
Business Week reported that crude oil slightly dropped 50 cents over European debt crisis.
Falcon Oil & Gas Updates on the Activities on Beetaloo Basin Area
Falcon Oil & Gas Ltd. (TSXV:FO) has updated on the activities on Beetaloo Basin area, NT Australia.
Brent October Crude Futures Drop $1.56
Reuters reported that Brent October crude futures dropped $1.56 on concern over potential release of U.S. petroleum reserves.
Gulf United Energy Acquires 40% Participation Interest in Block SSJN-5
Gulf United Energy, Inc. (OTCBB:GLFE) reported that it has acquired 40% participation interest in Block SSJN-5 in northwest Colombia.
Oil Prices Increases 41 Cents
Business Week reported that oil prices increased 41 cents after positive U.S. consumer report.
American Petroleum Institute: U.S. Crude Oil Demand Lowest in 4 Years
Reuters reported that according to the American Petroleum Institute, U.S. crude oil demand dropped to its lowest in almost four years in July primarily due to gasoline use.
Traverse Energy: 2012 Q2 Operational and Financial Result
Traverse Energy Ltd. (TSXV:TVL) has informed about its operational and financial results for the second quarter of 2012.
