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AP - Oil prices slipped towards $77 a barrel on Thursday as a sharp slide in stock markets raised worries about the pace of recovery in the global economy and demand for crude.
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.
Crude inventories and gasoline supplies rose last week, the government said Wednesday. Crude inventories rose by 1 million barrels, or 0.3 percent, to 337.8 million barrels, which is 6.1 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
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.
NEW YORK, Nov. 23 (UPI) -- Crude oil prices rose during the weekend, pushing toward $79, as Iran began a military exercise that heightened tensions in the Middle East.
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.
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. 23 (Bloomberg) -- Crude oil rose from a one-week low on speculation demand will increase as the global economy recovers from its worst recession since World War II.
World oil prices slid Thursday on profit-taking after a strong rally the previous day on the back of positive US data and the weak dollar, analysts said.
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