Oil below $79 as Ida weakens to tropical storm
AP - 1 hour 8 minutes agoAP - Oil prices swung around $79 a barrel Tuesday, as a storm threatening oil installations in the Gulf of Mexico weakened and investors eyed a volatile dollar.
AP - Oil prices swung around $79 a barrel Tuesday, as a storm threatening oil installations in the Gulf of Mexico weakened and investors eyed a volatile dollar.
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The economic recovery that is expected to push crude oil prices higher in 2010 got detoured last week when the U.S. Department of Labor reported the nation’s unemployment had topped 10 percent for ...
Nov. 5 (Bloomberg) -- OAO Lukoil , Russia’s second-biggest oil producer, plans to add storage capacity for oil products in the Persian Gulf and Asia to boost profit from those markets on bets that demand for fuels will rebound.
China’s decision to raise prices for gasoline and diesel fuel by up to 7.2%, in line with rising global crude-oil prices, boost shares of state-owned refiners such as Sinopec and PetroChina.
Nov. 6 (Bloomberg) -- Crude oil tumbled after the Labor Department reported that the U.S. unemployment rate surged to a 26-year high, undermining speculation that fuel consumption will rebound next year.
(RTTNews) - Crude oil inventories unexpectedly fell last week, according to data released by the Energy Information Administration on Wednesday. Gasoline stockpiles also declined.
NEW YORK, Nov. 9 (UPI) -- A late season storm, Ida, pushed oil markets higher during the weekend with prices topping $79 per barrel on the New York Mercantile Exchange.
NEW YORK, Nov. 9 (UPI) -- A late season storm, Hurricane Ida, pushed oil markets higher during the weekend with prices rising near $80 per barrel on the New York Mercantile Exchange.
Oil prices eased to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
Average cost at the pump in California falls 0.6 of a cent over the last week to $2.981 a gallon. The U.S. average falls 2.8 cents to $2.666. Analysts said Monday that the month-old rally in retail gasoline prices across the U.S. had fizzled.
Oil prices fell to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
Nov. 10 (Bloomberg) -- China Petroleum & Chemical Corp. , and PetroChina Co. , the nation’s two largest oil refiners, rose in Hong Kong trading after the government increased gasoline, diesel and jet fuel prices for the first time in more than two months.
Crude-oil futures drift lower, toward the $79-a-barrel mark, as the threat posed to Gulf of Mexico oil and gas installations by a tropical storm recedes.
Nov. 6 (Bloomberg) -- Crude oil fell after the Labor Department reported that the U.S. unemployment rate surged to a 26-year high, undermining speculation that fuel consumption will rebound next year.
Crude oil prices eased back below $80 per barrel on the New York Mercantile Exchange Thursday, despite U.S. stockpiles dropping.
Nov. 6 (Bloomberg) -- Crude oil fell after the U.S. unemployment rate surged to a 26-year high, undermining speculation that fuel consumption will rebound next year.
Oil analysts reason that if people aren’t working, they’re not likely to consume more fuel. The positive news for consumers is that retail prices have flattened, at least temporarily.
Nov. 6 (Bloomberg) -- Crude oil fell in New York, erasing earlier gains as concerns that fuels supplies remain high overrode signs of an economic recovery.
Nov. 9 (Bloomberg) -- Crude oil rose from a one-week low as Hurricane Ida entered the Gulf of Mexico, forcing BP Plc and Chevron Corp. to cut output, and as the dollar weakened.
Nov. 6 (Bloomberg) -- Crude oil rose in New York, poised for a weekly gain, on optimism fuel demand will increase amid improved prospects for an economic recovery in the U.S., the world’s biggest energy consumer.