Articles Tagged "price"

Dana Petroleum gains after operational update

Shares in Dana Petroleum gain 5.1 percent after the oil and gas producer says its average production for 2008 rose 29 percent to 39,400 barrels of oil equivalent per day (boepd), and its 2009 output is likely to be between 37,000 boepd and 41,000 boepd. For full story, click here

Crude oil for March delivery gained

Crude oil for March delivery gained as much as $1.01 (nearly Rs49), or 2.5%, to $41.79 a barrel in electronic trading on the New York Mercantile Exchange. For full story, click here

Oil prices rise on signs Opec is cutting supply

Crude oil rose for a second day on signs that Organization of the Petroleum Exporting Countries (Opec) is implementing the record production cut announced in December. For full story, click here

Oil falls below $42, Saudi says price to stabilise

Oil fell below $42 a barrel, in a retreat from session highs achieved earlier partly in response to a weak US dollar and comments from Saudi Arabia that OPEC supply cuts will stabilise the market. For full story, click here  

Oil prices higher amid hopes for economic rebound

Oil prices rose on Wednesday as hopes for an economic rebound offset the impact of surging US crude oil inventories and a gloomy global outlook from the International Monetary Fund. Thierry Lefrancois of French investment bank Natixis, said: If US inventory stats continue to disappoint, we should expect to see a re-cheapening of WTI (West [...]