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 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 Inc. (TSXV:RRX) has increased its production by 23% in the second quarter of 2012.
Business Week reported that crude oil slightly dropped 50 cents over European debt crisis.
Falcon Oil & Gas Ltd. (TSXV:FO) has updated on the activities on Beetaloo Basin area, NT Australia.
Reuters reported that Brent October crude futures dropped $1.56 on concern over potential release of U.S. petroleum reserves.
Gulf United Energy, Inc. (OTCBB:GLFE) reported that it has acquired 40% participation interest in Block SSJN-5 in northwest Colombia.
Business Week reported that oil prices increased 41 cents after positive U.S. consumer report.
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 Ltd. (TSXV:TVL) has informed about its operational and financial results for the second quarter of 2012.