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January 22, 2010
by Elaine Frei
Crude oil prices fell again Friday, with March contracts for West Texas Intermediate crude down $1.23 to $74.85 per barrel at about half an hour before the close of floor trade on the New York Mercantile Exchange, while March Brent crude was $1.49 percent lower on the ICE Futures Europe exchange in London.
Nymex February gasoline futures were a cent ...
January 13, 2010
by Elaine Frei
Oil prices slid Wednesday after the US Energy Information Administration said that crude oil stockpiles were higher last week.
In midday trade, February contracts for West Texas Intermediate crude were down 99 cents to $79.80 per barrel after going as low as $78.37 per barrel earlier in the session in the New York Mercantile Exchange, while at last report February ...
January 11, 2010
by Elaine Frei
Crude oil prices were lower Monday by late morning in New York after having been up slightly earlier in the session on demand from China, a weaker dollar and cold weather in the United States, but the retail price for gasoline in the US continued its upward spiral overnight.
February contracts for West Texas Intermediate crude was 32 cents ...
January 6, 2010
by Elaine Frei
Crude oil prices were down Wednesday directly after the US Energy Information Administration issued its weekly US inventories report, but by midday prices in New York had more than made back those early declines.
The EIA reported that crude oil inventories grew by 1.3 million barrels last week, while gasoline stockpiles jumped by 3.7 million barrels when they ...
January 4, 2010
by Elaine Frei
Crude oil prices rose to begin the New Year on Monday, starting out at nearly twice its price at the beginning of last year on a weaker US dollar and on weather forecasts that say that the eastern half of the US will have colder than normal weather through the middle of January.
February contracts for West Texas Intermediate crude ...
December 22, 2009
by Elaine Frei
The price of crude oil was higher Tuesday, regaining early declines after the US dollar dropped gains versus the euro and on new data from the National Association of Realtors showing that existing home sales in the US grew by 7.4 percent in November over the previous month.
Meanwhile, the Organization of Petroleum Exporting Countries left production quotas unchanged ...
December 17, 2009
by Elaine Frei
Natural gas prices were higher Thursday after the US Energy Information Administration reported that inventories dropped the most ever last week, falling 207 billion cubic feet to 3.57 trillion cubic feet , still nearly 14 percent above the five-year average for this time of year.
The drawdowns came as cold weather hit major population centers in the ...
December 16, 2009
by Elaine Frei
Crude oil prices saw gains Wednesday after the US Energy Information Administration reported that crude oil and distillates inventories fell more than expected last week and gasoline stockpiles grew less than had been anticipated, while a weaker US dollar also boosted prices.
Crude oil inventories were down 3.7 million barrels in the US in the week ending 11 December, while distillates ...
December 14, 2009
by Elaine Frei
Crude oil prices were mixed Monday, falling slightly in New York trade about fifteen minutes before the close of floor trade but gaining slightly in London.
January contracts for West Texas Intermediate crude were 16 cents lower to $69.71 per barrel not long before the close of the floor trade session on the New York Mercantile Exchange, while Brent ...
December 9, 2009
by Elaine Frei
Crude oil prices were lower Wednesday after the US Energy Information Administration reported that while crude oil stockpiles fell by 3.8 million barrels during the week ending 4 December, gasoline inventories added 2.2 million barrels and distillates, including heating oil and diesel fuel, added 1.6 million barrels to storage.
At about half an hour before the close of floor trade on the ...
December 8, 2009
by Elaine Frei
Crude oil prices were lower again Tuesday, dropping for a fifth session in a row, as the US dollar strengthened and after disappointing reports on manufacturing from Germany and the U.K.
January contracts for West Texas Intermediate crude was down $1.31 to $72.62 per barrel on the New York Mercantile Exchange, while January Brent crude dropped 91 cents to $75.52 per ...
December 7, 2009
by Elaine Frei
Crude oil prices fell Monday on remarks from US Federal Reserve chairman Ben Bernanke which indicated that recovery of the US economy might not come quickly as the labor market remains week and inflation will remain low and might even go lower than present rates.
January contracts for West Texas Intermediate crude was $1.67 lower to $73.80 per barrel on the ...
December 3, 2009
by Elaine Frei
Crude oil prices fell slightly in New York trade on Thursday after the Institute for Supply Management services index fell unexpectedly and as the US dollar strengthened.
January contracts for West Texas Intermediate crude dropped 14 cents to $76.46 on the New York Mercantile Exchange, but at last report January Brent crude was 48 cents higher to $78.36 per barrel ...
December 2, 2009
by Elaine Frei
Crude oil prices were lower Wednesday after the US Energy Information Administration reported in its weekly inventories report that crude oil and gasoline stockpiles grew in the US last week.
The EIA said that crude oil inventories were up by 2.1 million barrels in the week ending 27 November, while gasoline stockpiles added 4 million barrels even though refineries have cut ...
December 1, 2009
by Elaine Frei
The price of crude oil was up Tuesday as the US dollar weakened and several reports that manufacturing activity was up in both the US and China last month raised hopes that demand for oil and oil products could begin to improve soon.
January contracts for West Texas Intermediate crude had added $1.57 to $78.85 per barrel at just before 1:30 ...
November 30, 2009
by Elaine Frei
Oil prices were higher Monday after the US dollar weakened and tensions between the West and Iran escalated as Iran vowed to continue and expand its uranium enrichment activities and on the news that Iran is holding a UK yacht and five UK nationals who had been sailing the boat to a race.
January contracts for West Texas Intermediate crude were ...
November 23, 2009
by Elaine Frei
Gold hit $1,174 per troy ounce in morning trade in New York before December contracts fell back but still added $18 on the session to $1,164.80 per troy ounce on another decline for the US dollar.
The greenback was hurt by remarks this weekend from the president of the St. Louis Fed made it look like ...
November 19, 2009
by Elaine Frei
Crude oil prices fell Thursday as the US dollar strengthened and on declines in global equities markets.
December contracts for West Texas Intermediate crude were down $2.12 to $77.46 per barrel on the New York Mercantile Exchange while, with December contracts expiring at the end of floor trade on Friday, January WTI contracts dropped $2.05 to $78.05 per barrel on ...
November 18, 2009
by Elaine Frei
Crude oil prices were lower in early afternoon trade in New York after the US Energy Information Administration reported that US inventories of crude oil, gasoline and distillates all dropped last week.
The EIA said that crude oil stockpiles were down by 900,000 barrels in the week ending 13 November, while gasoline inventories dropped by 1.7 million barrels and ...
November 17, 2009
by Elaine Frei
Crude oil prices were up slightly Tuesday, held back by a stronger US dollar and questions about demand growth raised by new economic data from the United States that showed both industrial production and producer prices up less than expected last month.
December contracts for West Texas Intermediate crude were up 24 cents to $79.14 per barrel on the New York ...
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