Oil rises above $76 amid dollar's decline
AP - Wed Nov 25, 7:05 am ETAP - Oil prices rose above $76 a barrel Wednesday as the dollar weakened and investors awaited data on the U.S. economy and crude inventories.
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AP - Oil prices rose above $76 a barrel Wednesday as the dollar weakened and investors awaited data on the U.S. economy and crude inventories.
(RTTNews) - Crude oil supplies rose a little less than expected last week, according to data made public by the Energy Information Administration on Wednesday. Gasoline stockpiles increased more than predicted.
Crude oil inventories rose by 1 million barrels last week, just short of an anticipated 1.4 million barrel build.
(RTTNews) - Crude oil prices surged toward $78 per barrel on Wednesday, boosted by a weaker dollar and smaller-than-expected build in weekly inventories.
Energy Dept. says crude oil inventories, gas stockpiles rose last week
NEW YORK, Nov. 25 (UPI) -- Crude oil prices made up for ground lost Tuesday and added some on the New York Mercantile Exchange, climbing to nearly $78 per barrel Wednesday.
Nov. 20 (Bloomberg) -- OAO Rosneft and OAO Lukoil, Russia’s largest oil companies, had their price estimates upgraded at UBS AG, which increased its forecast for Urals crude to $79.30 a barrel from $74.30.
Crude Oil Futures Dip Further After GDP Data
NEW YORK, Nov. 24 (UPI) -- Crude oil dipped under $76 a barrel on the New York Mercantile Exchange Monday, the first time in more than a month prices have fallen to that level.
Nov. 25 (Bloomberg) -- Indian bonds gained for a second day on speculation the central bank will refrain from raising interest rates and inflation will slow due to a drop in crude oil prices.
Crude oil rallied alongside the rest of the commodities sector Monday, spurred by a weak greenback and mitigated concerns about high supply levels in the U.S. after a release on Chinese trade data.
Crude oil rises as a weaker greenback boosts dollar-denominated commodities prices and as government data show U.S. crude inventories increasing less than expected.
Nov. 20 (Bloomberg) -- Qatar Petroleum, the country’s state-owned oil producer, sold Al-Shaheen crude for loading in January to SK Energy Co., Exxon Mobil Corp., Chevron Corp., Reliance Petroleum Ltd. and ConocoPhillips, said three traders who submitted offers for the cargoes.
Crude Oil Ends Down 1.9% Ahead Of Supplies Data
Crude Oil Remain Under Pressure After Fed Minutes
Nov. 24 (Bloomberg) -- Canada’s dollar weakened against its U.S. counterpart as crude oil, the nation’s largest export, and global equities dropped, diminishing the appeal of currencies tied to growth.
Crude oil futures also took a dip as economic data weighed on the markets.
NEW YORK, Nov. 23 (UPI) -- Crude oil prices fell below $78 per barrel Monday as equities rose on Wall Street and the dollar traded lower against the euro and the yen.
Nov. 23 (Bloomberg) -- Crude oil was little changed after failing to break through resistance at $80 a barrel as the dollar weakened and fuel demand dropped in the U.S., the world’s biggest energy-consuming country.
Nov. 24 (Bloomberg) -- Canada’s dollar weakened against its U.S. counterpart as crude oil, the nation’s largest export, and global equities swung between gains and losses, diminishing the appeal of currencies tied to growth.
Nov. 23 (Bloomberg) -- Crude oil rose as a weaker dollar heightened the appeal of commodities to investors and an Iranian military exercise bolstered concern that Middle Eastern supplies may be disrupted.