Oil below $79 as Ida weakens to tropical storm
AP - Tue Nov 10, 7:26 am ETAP - 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.
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.
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.
Crude-oil futures rise to above $80 a barrel, pacing gains in U.S. stocks, as the U.S. dollar remained weak and as concerns over the Tropical Storm Ida's threat continued even though the storm reduced its strength as it approaches the Gulf Coast.
Washington, 10 November (WashingtonTV)—US Republican Representative Mark Kirk on Monday called on President Barack Obama to form an international coalition to cut off gasoline deliveries to Iran, in response to its rejection of a United Nations-brokered nuclear fuel deal.
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.
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.
(RTTNews) - Crude oil dropped on Friday morning as discouraging jobs data raised energy demand concerns. Prices are down for a second straight day to pull further below $80.
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.
Nov. 9 (Bloomberg) -- Crude oil rose as a falling dollar bolstered investor demand for commodities and Tropical Storm Ida entered the Gulf of Mexico, forcing BP Plc and Chevron Corp. to cut output.
Nov. 3 (Bloomberg) -- OAO Gasprom, the world’s biggest natural gas producer, OAO Lukoil and OAO Novatek were upgraded to “overweight” from “neutral” at HSBC Holdings Plc, which raised its price estimate on the Russian energy stocks citing a lower equity risk premium.
(RTTNews) - Crude oil prices rallied above $80 per barrel after the Energy Information Administration reported a drop in weekly inventories. Light sweet crude for December finished at $80.40 per barrel, up 80 cents for the session. Earlier, oil hit an intraday high of at $81.06.
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