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NEW YORK, Dec. 1 (UPI) -- Crude oil prices rose for the second consecutive day Tuesday, climbing to nearly $78 per barrel after a manufacturing index rose in China.
Crude oil prices held steady overnight at nearly $78 per barrel as equity markets staged a comeback in New York. The Dow Jones industrial average gained 1.23 percent Tuesday.
Dec. 1 (Bloomberg) -- Gasoline futures followed crude oil and equities higher as the dollar weakened, raising the appeal of commodities as an alternative investment, and Chinese manufacturing picked up.
(RTTNews) - The Energy Information Administration is scheduled to release its weekly petroleum inventory report at 10:30 AM ET. Analysts are forecasting a drop of 1.3 million barrels of crude oil and an increase of 900,000 barrels of gasoline for the week ended November 27.
Decline in a service-sector index raises doubts about the economic recovery and dollar rebounds, depressing dollar-denominated commodities prices.
Dec. 1 (Bloomberg) -- Crude oil rose for a second day after a report showed Chinese manufacturing expanded at the fastest pace in five years, spurring hopes that the world’s second- biggest oil user will buoy consumption of the fuel.
This book covers all aspects of estimating and classifying reserves of crude oil, natural gas, and condensate attributed to primary recovery mechanisms. Both deterministic and probabilistic procedures are discussed.
Dec. 4 (Bloomberg) -- Saudi Arabia , the biggest oil producer in the Organization of Petroleum Exporting Countries, said crude oil prices close to their current level of $75 a barrel are satisfactory.
NEW YORK, Dec. 1 (UPI) -- Crude oil prices rose for the second consecutive day Tuesday, topping $78 per barrel after a manufacturing index rose in China.
Dec. 1 (Bloomberg) -- Crude oil traded near $77 a barrel after rising yesterday as traders bought back futures contracts amid speculation credit losses in Dubai won’t derail the global economic recovery.
Although recovery prospects improved on better-than-expected jobs data, a stronger dollar pressured oil prices.
Crude oil futures spike on improved demand and British boat seizure in Iran.
Crude oil futures settle above $78, helped by strong manufacturing data.
Crude futures hold largely flat following a day of mixed data and a fluctuating dollar.
Crude inventories and gasoline supplies both rose last week, the government said Wednesday. Crude inventories rose by 2.1 million barrels, or 0.6 percent, to 339.9 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. 30 (UPI) -- Crude oil prices rebounded to more than $77 per barrel Monday on the New York Mercantile Exchange with investors still concerned about a debt crisis in Dubai.
Crude futures held largely flat following a mix of positive and negative data.
ROME, Dec. 4 (UPI) -- Russian gas monopoly Gazprom and Italy's Eni signed a memorandum of understanding in Rome supporting a French decision to join the South Stream pipeline.
Oil, gold, and silver validated yesterday's bearish technical forecast to trade lower ahead of major event risk as the US Nonfarm Payrolls report gets set to cross the wires.
Crude futures fall for the first session in three after government data show U.S. crude inventories rose last week as demand remained weak.