36551 Stories, most recent news story added Tue Dec 8, 2:24 pm ET
AP - Oil prices dipped below $73 a barrel Tuesday on a stronger dollar and a slew of economic data that did not indicate a quick rebound in demand from big energy users or from consumers.
Dec. 8 (Bloomberg) -- Crude oil rose for the first time in five days as investors viewed yesterday’s 2 percent drop to below $75 a barrel as too far and fast a decline.
MOSCOW -(Dow Jones)- Russia's biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) said Tuesday it will lower production growth over the next decade, part of plans to slash capital spending by a fifth and boost dividend payments.
Crude oil futures extended losses as investors await signs of improving demand.
Dec. 8 (Bloomberg) -- OAO Lukoil , Russia’s largest non- state oil company, said third-quarter profit slumped 41 percent after world crude prices declined.
Lukoil, Russia's largest private oil company, on Tuesday said third quarter net profit fell 41 percent to $2.1 billion as oil prices were far below last year's record highs.
Dec. 8 (Bloomberg) -- Mexico’s peso fell the most this month following a drop in crude oil, the country’s biggest export, and as declines in U.S. stocks curbed demand for higher- yielding, emerging-market assets.
MOSCOW -(Dow Jones)- Russia's second-biggest oil producer OAO Lukoil Holdings (LKOH.RS) Tuesday said third-quarter net profit fell 41% on the year, depressed by lower oil prices and higher transportation costs.
Dec. 8 (Bloomberg) -- Crude oil rose in New York, snapping four days of losses, as a weaker dollar buoyed demand for commodities as a currency hedge. The dollar traded as low as $1.4867 against the euro, from $1.4827 yesterday.
Dec. 8 (Bloomberg) -- Crude oil declined in New York, erasing previous gains to trade around $73.60 a barrel.
Dec. 8 (Bloomberg) -- Crude oil rose in New York as the U.S. dollar pared gains against the euro, making commodities more appealing as a currency hedge.
Dec. 8 (Bloomberg) -- Crude oil pared gains as the dollar clawed higher against the euro, damping demand for commodities as an alternative investment.
NEW YORK, Dec. 7 (UPI) -- Crude oil prices dropped to nearly $74 per barrel on the New York Mercantile Exchange, with the dollar index falling 0.25 percent Monday.
Dec. 7 (Bloomberg) -- Crude oil dropped for a fourth day, trading below $75 a barrel as the dollar gained amid speculation the U.S. Federal Reserve may start raising interest rates.
Dec. 7 (Bloomberg) -- Crude oil dropped for a fourth day as European equity markets declined amid concern the U.S. Federal Reserve may start raising interest rates.
Dec. 8 (Bloomberg) -- Crude oil traded near $74 a barrel in New York after falling as Federal Reserve Chairman Ben S. Bernanke said the U.S. economy will face a weak labor market and tight credit, signaling fuel demand will be slow to recover.
The API said crude inventories fell by 5.8 million barrels last week. The EIA releases its inventory data tomorrow morning.
Dec. 7 (Bloomberg) -- Crude oil dropped for a fourth day, trading below $75 a barrel as the dollar strengthened amid speculation the U.S. Federal Reserve may start raising interest rates.
(RTTNews) - Crude oil prices dropped on Monday and touched a 2 1/2-month intraday low as comments from Federal Reserve chief Ben Bernanke led traders to believe energy demand will not recover as quickly as once hoped. A stronger U.S. dollar reduced its hedge appeal.
Crude oil for January deliverty shed 89 cents at $74.58 a barrel Monday morning, as the dollar strengthened.
(RTTNews) - Crude oil dropped on Monday as a weaker U.S. dollar reduced the hedge appeal of commodities. The drop took oil to a 10-day low. Light sweet crude oil for January delivery dropped to $74.50, down 96 cents on the session. Prices dropped as low as $74.04.
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