MARKET UPDATE: Oil Falls Below $88 on IMF Growth Cut
Oil – Crude oil dropped below $88 Wednesday after the International Monetary Fund on Tuesday lowered its outlook for world economic growth.
Articles Tagged "crude oil"
WTI Crude Advances as Stocks Rally
Oil – Bloomberg reported that West Texas Intermediate crude gained as US stocks surged after data showed factory orders in the US exceeded forecast, signaling positive economic growth and higher fuel demand.
Derailment Sheds Light on Risks from Oil-by-Rail Boom
Oil – The derailment of a Canadian Pacific Railroad train transporting crude oil in Minnesota this week emphasizes the policy risks fixed in delaying the Keystone XL pipeline amid unconstrained growth in rail shipments of oil.
Oil Advances on Weak US Dollar
Oil – Reuters reported that crude oil futures settled at 42 cents higher Friday due to weaker US dollar and strong industrial output data in the United States.
Soaring US Oil Production Protects World From Supply Shocks: IEA
Oil – Reuters reported that the US oil boom should be sufficient to allow consumers to withstand probable supply shocks, according to the International Energy Agency.
Oil Prices Slightly Rise for Day, Down for the Week
Oil – Reuters reported that oil prices went up slightly on Friday but futures still suffer largest weekly fall for 2013, after the commodities markets sell-off.
Iran Crude Oil Exports Suffer Major Decline Amid US and EU Sanctions
Oil – Bloomberg reported that Iran’s crude oil shipments have dropped at least 40% in the last nine months as the United States and European Union tighten their sanctions in their aim to deter its nuclear program.
Crude Oil Options Dip the Highest Since May
Oil – Bloomberg reported that crude oil options have sunk the most since May 2 at 21.66% as of 3:40PM on the New York Mercantile Exchange amid a better-than-expected U.S. jobs report.
Oil Dips After a 3-Month High as U.S. Unemployment Claims Increase
Oil – Bloomberg reported that crude drops from a three-month high as 372,000 Americans filed for jobless claims last week.
Oil Dips at $109 Amid U.S. Budget Impasse
Oil – Reuters reported that as U.S. budget talks stall, the price of crude oil has also fallen to $109 per barrel Friday.
