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Oil prices drop before US data
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OIL FUTURES: Crude Rises Near $80; Market Awaits EIA Data
By: azhar12
Crude oil futures rose Wednesday, moving closer to the $80 mark after data from the American Petroleum Institute showed a larger-than-expected drawdown in US crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $79.54 a barrel at 0553 GMT, up 40 cents in the ...
13 days ago
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Oil falls below $79; U.S. inventory in focus
By: dustgeer
Oil dipped below $79 a barrel on Thursday as an expected hike in U.S. crude stocks outweighed both a weak dollar near 15-month lows and an IEA report that said global oil demand will return to growth this quarter.Delayed weekly inventories data out of the world’s largest fuel consumer the United States are set to show a 700,000 barrel rise ...
18 days ago
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Oil Reaches YTD High of Over $75 Per Barrel
Oil Reached a YTD High of over $75usd Per Barrel today. Thew Dollar index has fallen lower and helped bring up the price of commodities in general. Meanwhile the Dow Jones Industrial Average has made a new YTD high crossing the psychologically significant 10,000 mark which also helped oil. Gold is now trading nearly even today after falling a bit ...
about 1 month ago
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Oil prices stable in Asian trade
By: GMBAIG
Oil prices were flat in Asian trade Friday with investors spooked by an unexpected rise in US crude inventories, analysts said. New York's main contract, light sweet crude for delivery in December, fell three cents to 76.91 dollars per barrel. Brent North Sea crude for December delivery was unchanged at 76.02 dollars. Data released late ...
17 days ago
- News Source: Press TV | 8 months agoOn Wednesday, New York's main futures contract, light sweet crude for April, dropped 3.38 dollars from its closing price on Tuesday to 42.33 dollars. In London, Brent North Sea crude for delivery in April fell 2.56 dollars to settle at 41.40 dollars...
- News Source: The Plain Dealer | 8 months agoThe forces that determine the price you pay at the pumps are in a standoff today, meaning average prices here will probably remain about where they are -- $1.92 per gallon after falling from a $1.96-high for 2009 at the beginning of the week...
- News Source: The Economic Times | 8 months agoIn London, Brent North Sea crude for delivery in April fell 37 cents to 43.59 dollars a barrel. New York's main futures contract, light sweet crude for April, dropped 52 cents to 45.19 dollars. The US Department of Energy (DoE) on Wednesday releases...
- News Source: Uinta County News | 8 months agoThe challenge that Opec faces was highlighted by a fresh report from the US government forecasting that global oil demand will drop this year by 1.4m barrels a day, 200,000 b/d more than it forecast a month ago. "The global economic contraction...
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