Oil Prices Below $93 On Weak Economic Data
Oil – The Washington Post reported that oil prices fell below $93 on the back of disappointing economic reports from Europe and the U.S.
Articles Tagged "oil price"
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.
Brent Crude Drops 3%, Nears $100 in Commodities Rout
Oil – Reuters reported that Brent crude oil has further declined almost 3% and has inched closer to $100/barrel on Monday, extending a 2-week selloff that has cut almost 10% off prices.
Crude Settles as Traders Weigh Concerns About US Pipeline, Demand
Oil – Reuters reported that Brent crude settled down 39 cents per barrel at $110.69 while US crude settled slightly higher up to 12 cents at $97.19 per barrel as traders weigh concerns about demand as well as the possibility of a longer pipeline outage in the Midwest.
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.
Big Oil Looks to Shale to Replace Reserves
Oil – On Economic Straight Talk, Arthur Berman talks about why the big oil companies are looking at shale plays in the US to replace their reserves. The article is quoted: Major oil companies exited onshore North America during the mid-1980′s to early 1990′s because of dwindling opportunities of sufficient size to meet the economic requirements of [...]
Canadian Stocks Soar as Energy Shares Rally on Oil Price Gains
Oil – Bloomberg reported that after falling the most since November, Canadian stocks rose as energy producers rally on unexpected decline in US jobless claims which in turn increased the price of oil.
Weekly Round-Up: Commodities Track Dawdling Recovery
Economic data continued to point to a slow, steady rebound in the US this week, while Repsol and Shell hooked up on a big liquefied natural gas deal.
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.
Weekly Round-Up: China Hopes Rise, US Housing Starts Take Off
Encouraging news out of the world’s leading resource consumer and more growth in the US housing market helped support resource prices this week.
