A global sell-off on equity markets dragged down crude prices by nearly 3 percent on Thursday, the first decline this week. The price for a barrel of crude dropped by more than $1 immediately when U.S. markets opened, with the Dow Jones industrials ...
Posted: Fri, 20 Nov 2009 14:08:00 GMT
Benchmark crude for December delivery was down 53 cents to $79.05 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract ... the recovery is uncertain," said Victor Shum, an energy analyst ...
Posted: Thu, 19 Nov 2009 10:21:00 GMT
... increased slightly this month, according to the Energy Information Administration ... on the New York Mercantile Exchange. The December contract fell from $5.045 to $4.412 per 1,000 cubic feet between Oct. 30 to Friday. Benchmark crude also ...
Posted: Fri, 20 Nov 2009 19:23:00 GMT
Night view of the Suncor oil extraction facility in Alberta, Canada. Oil pr... Oil prices traded mixed on Friday and were likely to stay under 80 dollars amid high energy inventories in the United States, the world's biggest energy-consuming nation ...
Posted: Fri, 20 Nov 2009 13:11:00 GMT
NEW YORK, Nov 20 (Reuters) - Oil fell more than 1 percent below $77 on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand. U.S. crude for December delivery fell 82 ...
Posted: Fri, 20 Nov 2009 17:07:00 GMT
Oil prices retreated on Thursday one day after news of falling US energy inventories had sent them spiking above $80. New York's main contract, light sweet crude for December delivery, fell 46 cents to $79.12 a barrel. Brent North Sea crude for ...
Posted: Thu, 19 Nov 2009 22:59:00 GMT
DUBAI — Saudi Arabia is all but certain to adopt the Dubai Mercantile Exchange’s Oman crude oil futures contract as its benchmark one day, oil traders say. Now the main question is when, not if, it makes the switch. The growing confidence that ...
Posted: Fri, 20 Nov 2009 19:31:00 GMT
NEW YORK (MarketWatch) -- Crude futures fell Friday for a second session, reducing their weekly gains as a rebounding dollar and weaker stock markets continued to weigh on commodities trading. Crude for December delivery, which expired Friday, fell ...
Posted: Fri, 20 Nov 2009 19:52:00 GMT
Nov. 20 (Bloomberg) -- Crude oil fell for a second day as the dollar strengthened against the euro, reducing the appeal of commodities to investors, and equity markets declined. Oil slipped as much as 1.6 percent as the U.S. currency advanced for the ...
Posted: Fri, 20 Nov 2009 19:45:00 GMT
YALTA, November 20 (Itar-Tass) -- Current crude prices are favorable for Russia and the world economy, but a decline is possible, Vice-Premier and Finance Minister Alexei Kudrin said on Friday. “Crude prices traditionally support the Russian ...
Posted: Fri, 20 Nov 2009 19:02:00 GMT