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
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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
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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
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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"
Monday, August 11, 2008
Oil prices jumped from a 14-week low in New York on concern that the Russia-Georgia conflict may affect crude supplies from the Caspian Sea. For full news, click here
Continue reading "Crude Oil jumped in New York on Supply Threat"
Wednesday, August 6, 2008
Crude oil futures traded near $119 a barrel in New York as U.S. supplies unexpectedly gained amid slowing demand and dollar climbed. For full news, click here
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Thursday, August 20, 2009