LONDON (AFP) – World oil prices fell under 60 dollars per barrel on Tuesday, pressured by the strengthening US currency and weaker European equities, as traders awaited this week’s crucial OPEC output meeting.
New York’s main futures contract, light sweet crude for delivery in July, retreated 1.88 dollars to 59.79 dollars a barrel.
London’s Brent North Sea [...]
LONDON (AFP) – Oil traded lower on Thursday as investors cashed in profits after an overnight rally that pushed prices above 62 dollars, traders said.
New York’s main futures contract, light sweet crude for delivery in July, fell 1.32 dollars to 60.72 dollars a barrel.
Brent North Sea crude for July delivery shed 1.29 dollars to 59.30 [...]
NEW YORK (AP) — Oil prices wavered Thursday as the nation’s employment picture darkened and consumers pulled back on spending.
Benchmark crude for June delivery ticked up 15 cents to settle at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent prices rose 2 cents to settle at $50.80 a barrel on the [...]
SIOUX FALLS, S.D. (AP) — Oil prices dipped to around $50 a barrel Monday as a strong dollar and new reports of swine flu threatened to slow summer travel and sent jitters through global markets.
Benchmark crude for June delivery fell 79 cents to $50.76 on the New York Mercantile Exchange.
Crude prices have defied traditional market [...]
LONDON (AFP) — Oil prices dropped some two dollars on Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said.
The market was also weighed down by news of a possible resolution to the ongoing Russia-Ukraine gas supply crisis, they added.
Traders also tracked developments in the Middle [...]
Oil prices fell further below $40 in Asian trade on Tuesday in a market plagued by weak energy demand, dealers said.
New York’s main futures contract, light sweet crude for delivery in February, shed 77 cents to $39.14 a barrel in morning trade after sliding $2.45 to close at $39.91 on the New York Mercantile Exchange [...]
Agence France-Presse
World oil prices gained in Asian trade yesterday with market sentiment lifted after the U.S. Senate approved a revised government proposal.
In afternoon trade New York’s main contract, light sweet crude for November delivery, was US$0.6 higher at US$99.13 a barrel from 98.53 at the close of floor trading Wednesday on the New [...]
LONDON (AFP) — Oil prices dropped Thursday as the market refocused on data revealing a jump in American crude stockpiles, after a brief rally in response to the US Senate’s approval of a revised financial bailout.
London’s Brent North Sea crude for delivery in November dropped 1.24 dollars to 94.08 dollars a barrel.
New York’s main contract, [...]
Idahosa Asowata
International crude oil prices are close to breaking through $100 a barrel due to the US dollar’s drop against other currencies.
For the first time, West Texas Intermediate futures moved above $99 a barrel yesterday in Asian trading and this sent the quote to $99.29 in after-hours electronic trading on the New York Mercantile Exchange.
The [...]
AFP
LONDON: Oil prices rose sharply for a second day running yesterday, bouncing above $102, as the US currency fell after major central banks massively boosted liquidity on financial markets. But large gains of about $5 were soon wiped out and crude futures were left showing small losses in late trade.
New York’s main contract, light sweet [...]
