Oil falls to near $77 amid mixed demand signs
AP - 57 seconds agoAP - Oil prices fell to near $77 a barrel Thursday in Asia amid mixed indications about the strength of global crude demand.
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AP - Oil prices fell to near $77 a barrel Thursday in Asia amid mixed indications about the strength of global crude demand.
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Crude oil futures held just below $80 a barrel during Wednesday's morning trading session despite promising inventory data from the U.S. energy department showing lower crude oil and product supplies.
Pump Road between Patterson Avenue and Walbrook Drive reopened this afternoon after having been closed because of a gasoline spill.
Gold prices broke through key resistance and soared to a new record high while crude oil rebounded towards $78 on broad-based US Dollar weakness. Risk trends and the outlook for the greenback remain key through thin holiday trade around the US Thanksgiving holiday.
MOSCOW, Nov. 25 (UPI) -- Russian energy monopoly Gazprom announced a 5.4 percent spending increase for its 2010 budget amid growing optimism for an economic recovery.
Carnarvon Petroleum Limited is an Australia-based company engaged in oil and gas exploration, development and production.
MOSCOW, Nov. 25 (UPI) -- Ukrainian utility Naftogaz and Russian gas giant Gazprom agreed to lower gas shipments and prices under the terms of an amended January agreement.
China North East Petroleum Holdings Ltd. , a leading independent oil producing and oilfield services company in Northern China, today announced the appointment of Mrs. Guizhi Ju to the Company's Board of Directors, effective immediately.
Nov. 20 (Bloomberg) -- Crude oil declined for a second day in as the dollar strengthened against the euro, lowering the appeal of commodities as a currency hedge.
Nov. 25 (Bloomberg) -- Canada’s dollar appreciated to the highest in a week after Russia’s central bank said it will add the currency to its reserves, and as crude oil and stock-index futures rose.
Crude oil inventories rose by 1 million barrels last week, just short of an anticipated 1.4 million barrel build.
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.
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.
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.
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.
Nov. 25 (Bloomberg) -- Oil was little changed after dropping below $76 a barrel in New York on speculation weaker growth in the U.S., the world’s largest energy consumer, may limit demand.
Nov. 26 (Bloomberg) -- Oil fell in New York as traders sold contracts to lock in gains ahead of the U.S. Thanksgiving holiday and after the U.S. Energy Department said crude inventories held by the world’s largest energy consumer rose.