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AP - Shades of the roiling energy markets that were set off last year by the crisis on Wall Street emerged again Friday with crude seeing the largest percentage drop in prices since January.
NEW YORK — Oil prices fell to around $76 a barrel Tuesday with new data showing a slow U.S. economic recovery and consumer confidence that remains lukewarm at best.
Nov. 25 (Bloomberg) -- Oil dropped below $76 a barrel in New York on speculation weaker growth in the U.S., the world’s largest energy consumer, may limit demand.
Crude oil neared a six-week low, gold tumbled and the dollar and Treasurys surged as worried investors fled riskier assets and moved into safer havens.
(RTTNews) - The Energy Information Administration's inventory report is due at 10:30 a.m. ET. Crude oil supplies are forecast to increase 1.4 million barrels in the week ended November 20. Gasoline inventories are predicted to rise 500,000 barrels.
Nov. 27 (Bloomberg) -- Crude oil tumbled to a six-week low as Dubai’s attempt to reschedule its debt prompted investors to sell commodities. Oil dipped below $73 in New York as the dollar jumped, dulling the appeal of crude as a currency hedge, and equities fell.
LONDON -(Dow Jones)- Nigeria plans to export about 2.2 million barrels a day of crude oil and condensates for January 2010, well above around 2 million barrels a day in December, partly due to a boost in output amid a recent ceasefire agreement, traders said Friday.
Nov. 27 (Bloomberg) -- Crude oil fell to its lowest level in six weeks in New York as concern over losses stemming from Dubai World’s attempt to reschedule its debt led to gains in the dollar and declines in equities.
Nov. 23 (Bloomberg) -- Crude oil rose from a one-week low on speculation demand will increase as the global economy makes a slow recovery from its worst recession since World War II.
Nov. 27 (Bloomberg) -- Crude oil traded below $76 a barrel in New York, poised for a weekly decline, as concern over losses stemming from Dubai World’s attempt to reschedule its debt led to gains in the dollar and declines in equities.
Energy prices rose Wednesday even as the amount of unused crude, gasoline and natural gas being placed into storage rose again.
NEW YORK -(Dow Jones)- U.S. crude inventories rose by less than analysts expected in the week ended Nov. 20, according to data released Wednesday by the U.S. Department of Energy. Gasoline stocks were higher than expected.
Stocks slumped Friday as U.S. investors reacted to the global sell-off triggered by a debt crisis in Dubai. Crude oil neared a six-week low, gold tumbled and the dollar and Treasurys surged as worried investors fled riskier assets and moved into safer havens.
Nov. 27 (Bloomberg) -- South Africa will raise gasoline prices by about 3.5 percent to as much as 7.92 rand a liter next week while diesel prices will be increased as much as 3.8 percent to 7.06 rand a liter.
Nov. 22 (Bloomberg) -- The average price of regular gasoline at U.S. filling stations fell to $2.6477 a gallon on lower demand for the motor fuel and as the price of crude oil declined.
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Nov. 26 (Bloomberg) -- Ghana National Petroleum Corp. , the state-owned oil explorer, said it had an “understanding” with Kosmos Energy LLC to buy the company’s Ghanaian assets before a deal was announced last month with Exxon Mobil Corp.
Nov. 25 (Bloomberg) -- Mexico’s peso is little changed as oil erased earlier gains, offsetting the advance of stocks in the U.S., Mexico’s biggest trading partner.
Nov. 27 (Bloomberg) -- Commodities slumped the most since July, led by a drop in crude oil and industrial metals, as Dubai’s attempt to reschedule its debt rattled investors and spurred a strengthening in the dollar.
Nov. 27 (Bloomberg) -- Commodities slumped the most since June, led by a drop in crude oil and industrial metals, as Dubai’s attempt to reschedule its debt rattled investors and spurred a strengthening of the dollar.
Nov. 27 (Bloomberg) -- GDF Suez SA , owner of Europe’s biggest natural gas network, said it had a “constructive dialogue” with OAO Gazprom on the French utility joining the Nord Stream pipeline project connecting Russia and Germany via the Baltic Sea.
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