32677 Stories, most recent news story added Fri Nov 27, 4:14 pm ET
AP - Shades of the roiling energy markets that were set off last year by the crisis on Wall Street emerged again Friday with crude seeing the largest percentage drop in prices since January.
Crude oil futures dived after Dubai said a state-controlled investment arm is seeking a debt repayment reprieve.
Nov. 27 (Bloomberg) -- Crude oil in New York fell to the lowest level in six weeks as Dubai’s attempt to reschedule its debt bolstered the dollar and prompted investors to sell commodities.
(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.
NEW YORK, Nov. 27 (UPI) -- Crude oil prices per barrel ended lower Friday, closing out the short week at $76.05, down $1.91, or 2.4 percent, on the New York Mercantile Exchange.
NEW YORK, Nov. 27 (UPI) -- Crude oil prices tumbled Friday on the New York Mercantile Exchange, falling to nearly $74 per barrel on doubts of a strong economic recovery.
United States crude oil production for 2009 is on target to have its biggest one-year jump since 1970, according to a Platts analysis of industry data.
Nov. 26 (Bloomberg) -- Abu Dhabi’s Murban crude oil fell against its benchmark for a second day as reduced demand from refiners has created a supply glut.
Nov. 27 (Bloomberg) -- Crude oil fell the most in seven months as Dubai’s attempt to reschedule its debt bolstered the dollar and prompted investors to sell commodities.
Crude oil inventories rose by 1 million barrels last week, just short of an anticipated 1.4 million barrel build.
(RTTNews) - Crude oil prices dropped sharply on Friday as Dubai debt concerns led to a sell-off of commodities. The decline took oil to a six-week low.
Nov. 27 (Bloomberg) -- Crude oil traded near $76 a barrel in New York, poised for a weekly decline on concern that the pace of fuel demand recovery in the U.S., the biggest energy- consuming nation, may stall.
(RTTNews) - Crude oil prices surged toward $78 per barrel on Wednesday, boosted by a weaker dollar and smaller-than-expected build in weekly inventories.
Nov. 27 (Bloomberg) -- Rubber futures in Tokyo dropped as much as 3.6 percent as crude oil prices slumped. The May-delivery contract fell to 244 yen per kilogram on the Tokyo Commodity Exchange before trading at 246 yen at 9:04 a.m. local time.
LONDON (SHARECAST) - With the slide in the dollar against a range of commodities over the past few weeks it has been noticeable that crude oil has not followed this pattern, trading in a range between the 100 week moving average, above $80, and support from the previous break-out highs between $75 and $76.
Crude Oil Ends Down 2% On Dubai Jitters
Energy Dept. says crude oil inventories, gas stockpiles rose last week
MOSCOW -(Dow Jones)- Russian oil major OAO Lukoil Holdings (LKOH.RS) said Thursday it produced 2.214 million barrels of oil equivalent a day in the first nine months of the year, an 1.1% increase from the year earlier period.
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.
PT Medco Energi Internasional predicted its crude oil production will shrink 12.5 percent to 35,000 barrels per day next year from this year's estimate of 40,000 barrels on the average.
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.
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