Allvoices.com - Oil prices top US$80 in New York

Oil prices top US$80 in New York

Oil prices jumped on Wednesday, pushing above 80 dollars in New York, as traders digested data showing sliding crude stockpiles in the United States, a possible sign of firming economic conditions. New York's main contract, light sweet crude for delivery in December spiked as high as 81.06 dollars...

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News Stories

Oil tops $80 on inventory draw, weakening dollar

News Source: Xinhuanet.com | about 1 month ago

Crude prices settled above 80 U.S. dollars a barrel on Wednesday as crude inventories dropped and the dollar weakened against a basket of currencies. Light, sweet crude for December delivery rose 80 cents, or 1.0 percent, to settle at 80.40...
Gold heads for 1,100 dollars, extending all-time high on weak greenback

News Source: Xinhuanet.com | about 1 month ago

Division of the New York Mercantile Exchange headed for 1,100 U.S. dollars on Wednesday, setting a new record high as dollar weakened. Silver and platinum both rose. The most active gold contract for December delivery gained 2.40 dollars, or...
World markets take a dip

News Source: The Globe & Mail | about 1 month ago

Federal Reserve cautioned about the wider economic impact of rising unemployment. Investors awaited interest rate decisions in Europe later in the day. The Fed indicated Wednesday that it would keep its benchmark interest rate at near zero per cent �...
Oil falls below $80 on firmer dollar, weak equities

News Source: International Business Times | about 1 month ago

U.S. crude for December fell 54 cents to $79.86 by 1041 GMT (5:41 a.m...London Brent crude fell 55 cents to $78.34 a barrel, after settling up 80 cents on Wednesday. News of a surprise 4 million barrel drop in U.S. crude stocks last week sparked a...
Oil prices down in Asian trade on demand concerns

News Source: Daily News & Analysis | about 1 month ago

Brent North Sea crude for December delivery slipped 53 cents to $78.36. Prices eased after breaking through the $80 mark in New York on Wednesday, reflecting concerns over weak demand, analysts said. "The fundamentals of the markets are still weak...
Oil dips under $80 after rising

News Source: The Economic Times | about 1 month ago

Oil fell below $80 a barrel on Thursday, after a steep decline in US crude inventories sent prices up 1 per cent the previous day, as traders look to the fall in equities markets to take profits despite the weak dollar. The US dollar was moving...