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 [...]
PERTH (Reuters) – Oil prices fell toward $61 a barrel on Monday, shedding some of the previous session’s gains, on growing risk aversion after North Korea said it had successfully conducted a nuclear test.
Still, prices hovered around a six-month high, as a weak U.S. dollar and expectations the Organization of the Petroleum Exporting Countries (OPEC) [...]
With oil prices at a six-month high and gasoline prices not far behind, energy traders are pointing a finger at rising violence in Nigeria’s ethnically driven civil war.
A wave of attacks on oil wells, platforms and pipelines by rebels in Nigeria’s Niger Delta has left the country’s output at about half its maximum level of [...]
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 [...]
PERTH (Reuters) – Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session’s near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
U.S. crude for June delivery nudged up 5 cents to $56.39 a barrel by 11:48 p.m. EDT. The contract fell [...]
PERTH (Reuters) – Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session’s near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
U.S. crude for June delivery nudged up 5 cents to $56.39 a barrel by 11:48 p.m. EDT. The contract fell [...]
By CHRIS KAHN
NEW YORK (AP) — Rapidly climbing energy prices stalled this week as a steady stream of dismal financial news suggested that even if the global economy has bottomed out, it will be some time before demand for crude rebounds.
Benchmark crude for June delivery dropped $2.28 to settle at $56.34 a barrel on the [...]
Crude oil prices yesterday rose to more than $60 a barrel, their highest level in six months, on hopes that the world economy would soon bounce back and demand for oil may recover.
But Nigeria is in early talks with the World Bank to secure a loan to help finance its budget deficit caused by the [...]
Abuja — Federal government will soon inaugurate a technical advisory committee to accelerate the pace of application of nuclear technology to electricity generation in the country.
Receiving a delegation of the Nigerian Academy of Science led by its chairman, Prof Oye Ibidapo-Obe in his office in Abuja on Wednesday, the Minister of Science and technology, Dr. [...]
By Robert Tuttle and Grant Smith
March 3 (Bloomberg) — Oil gained, after dropping 10 percent yesterday, on speculation OPEC may take further steps to support prices at its meeting later this month.
The Organization of Petroleum Exporting Countries, implementing its biggest-ever supply cut, will devise a “solution” to boost oil prices when it meets on March [...]
