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The EIA said crude oil and gasoline inventories rose more than expected last week.
NEW YORK, Dec. 3 (UPI) -- Oil prices dropped below $76 per barrel Thursday after the government said crude oil and gasoline inventories rose in the week ending Nov. 27.
Dec. 4 (Bloomberg) -- ConocoPhillips , the third-largest U.S. oil company, will keep its stake in OAO Lukoil as it seeks to divest $10 billion in assets over the next two years.
(RTTNews) - Crude oil inventories unexpectedly rose last week, according to data released by the Energy Information Administration. Gasoline stockpiles rose much more than expected.
Dec. 4 (Bloomberg) -- Crude oil declined as the dollar climbed on an unexpected drop of the U.S. unemployment rate, reducing the appeal of commodities to investors.
Dec. 4 (Bloomberg) -- Crude oil rose after the U.S. unemployment rate unexpectedly fell in November, signaling that fuel demand in the world’s biggest energy-consuming country will rebound.
Dec. 4 (Bloomberg) -- Crude oil rose for the first time in three days, recovering earlier losses after the U.S. unemployment rate unexpectedly dropped in November.
YAOUNDE, Cameroon (Dow Jones)—Cameroon's crude oil production in 2009 totaled 22.37 million barrels, down from 25.95 million barrels produced in the previous year, a report issued Friday by the state-run National Hydrocarbons Corporation, or SNH said.
An oil pipeline spilled at least 210,000 gallons of crude oil in Villard Township between Staples and Motley.
Dec. 2 (Bloomberg) -- Crude oil’s 75 percent rally this year reflects anticipation of a looming supply crunch rather than demand, according to Yves-Louis Darricarrere , Total SA’s head of exploration and production.
NEW YORK, Dec. 3 (UPI) -- Oil speculators overlooked a rise in U.S. crude oil supplies, as the price of crude climbed to nearly $77 per barrel overnight Thursday.
(RTTNews) - Crude oil prices dropped sharply as a stronger U.S. dollar outweighed demand hopes following an encouraging jobs report. Light sweet crude oil fell to $75.47 per barrel, down 99 cents on the session. Prices reached as high as $77.90 in the early-going, but later hit as low as $74.85.
(RTTNews) - Crude oil prices dropped sharply on Wednesday after the Energy Information Administration reported a surprise build in inventories, raising concerns of weak demand.
Dec. 2 (Bloomberg) -- Crude oil fell after an industry report showed that inventories in the U.S., the world’s biggest fuel-consuming country, climbed.
The timing couldn’t have been more perfect. Just as speculative interests filled back out after the Dubai credit crisis proved a nonevent, crude oil would test the top of its six-week descending trend channel.
Dec. 2 (Bloomberg) -- Crude oil fell after an industry report showing an increase in U.S. supplies reinforced speculation that fuel demand will be slow to recover.
Crews in central Minnesota are cleaning up 210,000 gallons of crude oil after a pipeline leak overnight. Officials estimate
(RTTNews) - Crude oil finished slightly lower amid choppy trading as discouraging data from Institute for Supply Management re-raised demand worries. Light sweet crude for January slipped to $76.46 per barrel, down 14 cents on the session.
WASHINGTON, Dec. 2 (UPI) -- U.S. crude oil inventories rose by 2.1 million barrels in the week ending Nov. 27, the U.S. Energy Information Administration said Wednesday.
Dec. 3 (Bloomberg) -- Goldman Sachs Group Inc. expects crude oil to average $110 a barrel in New York in 2011 as demand from developing markets exhausts spare capacity, the bank said in its Commodities Outlook today.