Oil dips to lowest level since October
AP - Fri Nov 13, 3:33 pm ETAP - Oil slid Friday to its lowest price in a month as investors started to pay more attention to a yearlong slump in American energy demand.
AP - Oil slid Friday to its lowest price in a month as investors started to pay more attention to a yearlong slump in American energy demand.
(RTTNews) - Crude oil stockpiles rose more than expected last week, according to data released on Thursday by the Energy Information Administration. Gasoline supplies also increased more than forecast, while distillates unexpectedly gained.
Crude oil inventories and gasoline supplies rose last week, the government said Wednesday. Oil supplies rose by 1.8 million barrels, or 0.5 percent, to 337.7 million barrels, which is 7.5 percent above year-ago levels, the Energy Department's Energy... United States Department of Energy - Government - Petroleum - Business - Energy Department
Nov. 12 (Bloomberg) -- Crude oil fell after a government report showed a larger-than-forecast gain in stockpiles as sinking demand pushed refinery operating rates to the lowest level in more than a year.
NEW YORK, Nov. 13 (UPI) -- U.S. crude oil futures finished lower Friday, losing 1.4 percent for the week, after a weak gauge of consumer sentiment and news of rising crude supplies.
Nowadays investors are asking for alternative investments and in particular the trend is leaning towards the lucrative crude oil managed accounts together with the forex managed accounts. [PR.com - November 14, 2009]
Nov. 13 (Bloomberg) -- Bank of America’s Merrill Lynch unit increased its West Texas Intermediate and Brent crude oil forecast for 2010 to an average $85 a barrel because of rising demand, economic stimulus plans and a weak dollar.
NEW YORK, Nov. 13 (UPI) -- Crude oil prices held under $77 per barrel in the New York Mercantile Exchange Friday despite the dollar index slipping 0.23 percent.
The economic recovery that is expected to push crude oil prices higher in 2010 got detoured last week when the U.S. Dept. of Labor reported the nation’s unemployment had topped 10% for the first time since 1983. On the New York Mercantile...
Nov. 13 (Bloomberg) -- Crude oil advanced as the dollar dropped, buoying demand for commodities as an alternative investment to the U.S. currency.
Nov. 13 (Bloomberg) -- Crude oil may decline next week as U.S. fuel stockpiles increase and refineries reduce operating rates because of weak demand in the world’s biggest energy- consuming country.
Nov. 12 (Bloomberg) -- Crude oil fell on speculation that a government report will show U.S. stockpiles increased for the fourth time in five weeks. Supplies rose 1 million barrels last week, according to the median of 16 responses in a Bloomberg News survey before today’s Energy Department report.
Nov. 11 (Bloomberg) -- Crude oil rose as Chinese crude imports climbed to the second-highest level ever as increased production spurred fuel demand. China’s net oil imports were almost 19 million tons, or 4.5 million barrels a day, in October, according to data from the Beijing-based customs office.
Nov. 13 (Bloomberg) -- Crude oil fell to the lowest in a month in New York after a report yesterday showed inventories in the U.S., the world’s biggest energy consumer, climbed amid a drop in processing runs.
Nov. 12 (Bloomberg) -- Crude oil traded above $79 a barrel in New York as China’s rising oil imports and a weaker dollar spurred investors to buy commodities.
Crude Oil Futures End Week Down 1.4%
NEW YORK, Nov. 12 (UPI) -- Crude oil prices fell Thursday on the New York Mercantile Exchange to under $77 per barrel, despite the dollar's trend towards weakness.
Nov. 11 (Bloomberg) -- Crude oil fluctuated as Chinese crude imports rose near a record and the dollar rebounded from a 15-month low.
Crude Oil Dips After Trade, Import Prices Data
Nov. 13 (Bloomberg) -- Crude oil was little changed in New York, erasing earlier gains as European equity markets fell, reinforcing concerns about the global economic recovery.
(RTTNews) - Crude oil prices plunged below $77 on Thursday after the Energy Information Administration reported inventories rose more than expected last week.