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AP - Oil prices rose above $73 a barrel Wednesday after a report of an unexpected drop in U.S. crude supplies suggested demand may be recovering and the dollar weakened against other currencies.
Dec. 9 (Bloomberg) -- Rosneft Oil Co. sold a cargo of 100,000 metric tons, or about 730,000 barrels, of Sokol crude oil from the Sakhalin-1 project in Russia to Vitol Group for loading in February, two traders familiar with the transaction said.
Many analysts believe it was a strengthening dollar and massive crude oil supplies that led to crude oil’s closing last week at its lowest price in seven weeks. But at the same time, gasoline prices posted a penny-per-increase. The supply and...
(RTTNews) - Crude oil prices have edged higher on Wednesday morning as traders await the government's inventory report. Industry data released yesterday showed a surprise build in stockpiles.
Many analysts believe it was a strengthening dollar and massive crude oil supplies that led to crude oil’s closing last week at its lowest price in seven weeks. But at the same time, gasoline prices posted a penny-per-increase.
Dec. 8 (Bloomberg) -- OAO Lukoil cut its 10-year output targets as Russia’s biggest non-state crude producer postponed some natural-gas projects on a decrease in European fuel demand and unconventional gas developments in the U.S.
Lukoil's Net Profit Down 41% In Third Quarter
(RTTNews) - Crude oil prices have dropped on Tuesday as traders bet on another decline in weekly inventories. A rising dollar also reduced oil's hedge value.
End of year profit taking last week sent commodities retreating from 2009 highs as gold fell $50 and crude oil prices closed at the lowest level in seven weeks at $75.47.
Dec. 8 (Bloomberg) -- Crude oil rose for the first time in five days as the dollar weakened and some investors took the view a decline below $75 made it an attractive investment.
NEW YORK, Dec. 8 (UPI) -- Crude oil prices dropped to under $73 per barrel on the New York Mercantile Exchange as the U.S. dollar gained strength.
Dec. 8 (Bloomberg) -- Crude oil fell for a fifth day as the dollar clawed higher against the euro, damping demand for commodities as an alternative investment.
Dec. 7 (Bloomberg) -- The following companies may have unusual price changes in Russian trading. Stock symbols are in parentheses and share prices are from the previous close.
Dec. 8 (Bloomberg) -- Crude oil rose for the first time in five days as investors viewed yesterday’s 2 percent drop to below $75 a barrel as too far and fast a decline.
MOSCOW -(Dow Jones)- Russia's biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) said Tuesday it will lower production growth over the next decade, part of plans to slash capital spending by a fifth and boost dividend payments.
Crude oil futures extended losses as investors await signs of improving demand.
Dec. 8 (Bloomberg) -- Mexico’s peso fell the most this month following a drop in crude oil, the country’s biggest export, and as declines in U.S. stocks curbed demand for higher- yielding, emerging-market assets.
Dec. 8 (Bloomberg) -- OAO Lukoil , Russia’s largest non- state oil company, said third-quarter profit slumped 41 percent after world crude prices declined.
Lukoil, Russia's largest private oil company, on Tuesday said third quarter net profit fell 41 percent to $2.1 billion as oil prices were far below last year's record highs.
The API said crude inventories fell by 5.8 million barrels last week. The EIA releases its inventory data tomorrow morning.
MOSCOW -(Dow Jones)- Russia's second-biggest oil producer OAO Lukoil Holdings (LKOH.RS) Tuesday said third-quarter net profit fell 41% on the year, depressed by lower oil prices and higher transportation costs.
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