Oil – Reuters reported today that U.S. Benchmark Brent crude oil prices increased to their highest on almost six weeks on expanding sanctions against Russia over issues in Ukraine. However, the price rise was halted with news of the first oil tanker being reloaded on Tuesday at Libya's Hariga port after a month long closure.
Articles Tagged "crude oil price"
Gold, copper and crude oil are faring well today, but silver is down slightly.
Oil – Bloomberg reported today that Houston and the US Gulf Coast now contain 202 million barrels of crude oil, according to Energy Information Administration data.
Oil – The Associated Press reported that benchmark U.S. crude oil for May delivery rose 90 cents to $101.34, while Brent crude came up 61 cents to $106.43 in London as investors continued to watch for weekly U.S. oil data.
Oil – Reuters reported today that U.S. crude oil rose at the end of last week as data showed strong jobs growth in the United States. Brent crude followed the ascent as investors cast doubt on the reopening of Libya's oil ports.
Gold, silver and copper saw slight gains on the release of the US nonfarm payroll report. Meanwhile, concerns about Libya pushed oil prices up.
Oil – The Wall Street Journal reported that oil futures sank today due to expectations that western sanctions on Russia and Ukraine probably will not impact oil and gas supply.
Oil – The Wall Street Journal reported that in February, Iran's oil exports surged on the back of a "thaw" in the country's relationship with the western world.
Oil – Brent crude gained on Friday, but was down for the week. Meanwhile, the International Energy Agency increased its estimate for 2014 oil demand.
Today's US jobs data pushed precious metals down, but gave Brent crude a boost. Meanwhile, copper sank this morning on the back of a bond default.