Oil prices up as crude in storage falls
AP - 1 hour 1 minutes agoAP - Oil prices climbed above $73 a barrel Wednesday, tugged higher mostly by a rising stock market and a falling dollar.
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AP - Oil prices climbed above $73 a barrel Wednesday, tugged higher mostly by a rising stock market and a falling dollar.
Dec. 2 (Bloomberg) -- Crude oil’s 75 percent rally this year reflects anticipation of a looming supply crunch rather than demand, according to Yves-Louis Darricarrere , Total SA’s head of exploration and production.
Dec. 8 (Bloomberg) -- Crude oil declined for a fifth day, the longest losing streak since July, before a government report expected to show U.S. oil stockpiles rose last week and as the dollar strengthened against the euro.
Dec. 8 (Bloomberg) -- The U.S. raised its forecast for crude-oil prices in 2010 by 0.7 percent on speculation that fuel consumption will climb as the global economy improves.
NEW YORK, Dec. 3 (UPI) -- Oil speculators overlooked a rise in U.S. crude oil supplies, as the price of crude climbed to nearly $77 per barrel overnight Thursday.
The average price of a gallon of regular falls slightly in California but edges up half a cent nationwide. Gasoline prices continued to hold fairly steady over the last week, the Energy Department reported Monday in its weekly survey of filling stations.
(RTTNews) - Crude oil prices dropped sharply as a stronger U.S. dollar outweighed demand hopes following an encouraging jobs report. Light sweet crude oil fell to $75.47 per barrel, down 99 cents on the session. Prices reached as high as $77.90 in the early-going, but later hit as low as $74.85.
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Global equities slipped on Wednesday with Japan leading the falls on concerns over the pace of recovery, while crude oil prices recovered and the euro picked up from a one-month low on bargain hunting.
While crude oil closed at its lowest price in seven weeks last week, gasoline prices posted a penny-per-increase.
NEW YORK - 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.
(RTTNews) - Crude oil inventories unexpectedly fell sharply last week, according to data released on Wednesday morning. Prices remained in the green following the report.
Dec. 9 (Bloomberg) -- Canada’s dollar traded near the lowest level in almost two weeks as U.S. stocks fell and crude oil pared earlier gains, dimming the appeal of currencies tied to growth.
Whiting Petroleum Corporation today announced that it will present at the Wells Fargo Securities MLP Pipeline and E&P, Energy Services & Utility Symposiums at the New York Palace Hotel on Wednesday, December 9, 2009 at 1:30 p.m.
(RTTNews) - Crude oil prices dropped sharply on Wednesday after the Energy Information Administration reported a surprise build in inventories, raising concerns of weak demand.
(RTTNews) - After a sell-off in the previous session, the European markets may open on a flat to positive note Wednesday morning, with resource stocks in the spotlight amid a rebound in crude oil prices on account of a drop in U. S. crude oil inventories.
Dec. 7 (Bloomberg) -- Gasoline futures declined to a one- week low on speculation that inventories are ample to meet demand. Stockpiles of the motor fuel as of Nov. 27 were the highest in eight weeks, according to the Energy Department. Demand was the lowest in four weeks.
Dec. 2 (Bloomberg) -- Crude oil fell after an industry report showed that inventories in the U.S., the world’s biggest fuel-consuming country, climbed.
The timing couldn’t have been more perfect. Just as speculative interests filled back out after the Dubai credit crisis proved a nonevent, crude oil would test the top of its six-week descending trend channel.
Dec. 7 (Bloomberg) -- Crude oil bounced off a seven-week low on speculation above-average global fuel stockpiles will decline as demand picks up with the economy recovering from the worst recession since World War II.
Dec. 9 (Bloomberg) -- Crude oil rose after a U.S. government report showed an unexpected decline in inventories as refineries bolstered operating rates.