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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.
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.
Dec. 7 (Bloomberg) -- Palm oil dropped from a six-month high after crude oil declined for a fourth day, reducing the vegetable oil’s prospects as a biofuel.
The EIA said crude oil and gasoline inventories rose more than expected last week.
Dec. 7 (Bloomberg) -- Crude oil traded near a seven-week low in New York after Saudi Arabian Oil Minister Ali al-Naimi said the price is “perfect.” Oil for January delivery traded at $75.38 a barrel, down 9 cents, in electronic trading on the New York Mercantile Exchange at 8:07 a.m. London time.
The 60th Annual Optimist Club Christmas Parade started with a bang that left a cloud of smoke south of Saturday’s festivities when a 20,000-gallon crude oil tank exploded into flames.
NEW YORK, Dec. 3 (UPI) -- Oil prices dropped below $76 per barrel Thursday after the government said crude oil and gasoline inventories rose in the week ending Nov. 27.
Dec. 4 (Bloomberg) -- ConocoPhillips , the third-largest U.S. oil company, will keep its stake in OAO Lukoil as it seeks to divest $10 billion in assets over the next two years.
Crude fell for a fifth consecutive day Tuesday, extending the worst trend for the commodity since early July and measuring accumulating a 7.35 percent decline over the period. Looking for the impetus for such a discouraging trend; there was a considerable range of macro and market-specific data with which to work with; but sentiment proved to once again take the helm on the struggling asset.
Benchmark crude for January delivery fell 2 percent, or $1.54, to settle at $73.93 on the New York Mercantile Exchange, the lowest level in about two months.
Associated Press CAIRO — Saudi Arabia’s oil minister said Saturday that current global oil prices are “perfect,” as several key Arab OPEC members indicated the group was unlikely to change output levels when it meets later this month.
(RTTNews) - Crude oil inventories unexpectedly rose last week, according to data released by the Energy Information Administration. Gasoline stockpiles rose much more than expected.
Dec. 4 (Bloomberg) -- Crude oil declined as the dollar climbed on an unexpected drop of the U.S. unemployment rate, reducing the appeal of commodities to investors.
Dec. 4 (Bloomberg) -- Crude oil rose after the U.S. unemployment rate unexpectedly fell in November, signaling that fuel demand in the world’s biggest energy-consuming country will rebound.
Dec. 4 (Bloomberg) -- Crude oil rose for the first time in three days, recovering earlier losses after the U.S. unemployment rate unexpectedly dropped in November.
Dec. 8 (Bloomberg) -- Gasoline futures slipped to a three- week low amid speculation that a government report tomorrow will show inventories of the motor fuel rose to the highest in more than seven months.
Dec. 8 (Bloomberg) -- Gasoline futures fell amid speculation that a government report tomorrow will show inventories of the motor fuel rose to the highest in more than seven months.
Crude fell for a fourth consecutive day through Monday’s US session, pushing the commodity to its worst trend since the mid-July plunge and marking the lowest close since October 13th.
Dec. 8 (Bloomberg) -- Crude oil tumbled to an eight-week low on forecasts that U.S. stockpiles climbed for a third week and as the dollar gained against the euro.
Chevron Corp. and OAO Gazprom Neft have identified possible joint projects both in and outside Russia, where the government limited foreign access to major oil and gas deposits while seeking access to international assets.
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