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Regional economic reports on Monday suggested the U.S. economy has clambered back to levels associated with the end of recession, but recovery will be patchy and may prove fleeting. Economic activity and manufacturing data for the U.S. Mid West and Texas...
Tags: oil price, U.S. Mid West, Nigerian, Chicago Federal Reserve, activity index, crude oil, economic activity, militant group, light sweet, sweet crude
US light crude rose 24 cents to $81.43 a barrel, while Brent North Sea crude climbed 25 cents to $79.76. The price was boosted by figures released on Thursday showing China's economic growth had accelerated.
Tags: oil price, Brent North Sea, light sweet, sweet crude, New York, main contract, sea crude
Frankfurt, Oct 19 : The price of oil hit a record high for the year Monday, topping 79 dollars a barrel. Oil climbed to $79.35 in early trading Monday, amid hopes for the current third quarter corporate reporting season and cautious optimism that a pickup...
Tags: oil price, New York Mercantile Exchange, U.S, Asian, crude oil, gas price, sweet crude, price rose
US light, sweet crude peaked at $75.15 a barrel, before falling back to $74.86 later in the session. Smaller declines in Chinese imports and exports were taken as signs of recovery in the global economy and an indication Chinese stimulus measures are...
Tags: U.S, oil price, New York Mercantile Exchange, oil demand, sweet crude, price rose, million barrels
Oil prices rebounded strongly on Thursday as investors sought refuge in commodities amid the weakening US dollar and as economic recovery hopes got a lift in the United States. New York's main contract, light sweet crude for delivery in November rallied...
Tags: oil prices, New York Mercantile Exchange, economic recovery, light sweet, U.S, prices rebound, sweet crude, main contract
The 60-day amnesty offered cash and training for fighters who disarmed. A lawyer for the Niger Delta People's Volunteer Force told the BBC he feared government forces would now "unleash terror" in the poverty-stricken Delta. A BBC reporter says the group...
Tags: Nigeria, Niger Delta States, oil prices, U.S, light sweet, sweet crude, New York, main contract
Oil for November delivery rose to $66.64 a barrel in Singapore after US light sweet crude fell 4.4 per cent to $65.89 a barrel yesterday on reports from the US Energy Department showing an increase in American stockpiles. Prices have been pushed higher...
Tags: oil price, U.S, light sweet, sweet crude, oil rebounds, crude futures, New York, main contract, United Kingdom, London
Oil prices fell modestly on Thursday as the market consolidated hefty gains fuelled by a weak dollar, strong equity markets, global recovery hopes and falling US crude inventories. New York's main contract, light sweet crude for October delivery, dipped...
Tags: U.S, oil price, natural gas, New York Mercantile Exchange, turned lower, Ben Bernanke, sweet crude, crude oil, Singapore
Crude oil prices climbed above a four-week low near $68 per barrel on the New York Mercantile Exchange Thursday. As stock markets have wavered in recent weeks, oil prices have settled down from a recent high above $73 per barrel...On Thursday, light,...
Oil prices fell further on Thursday, one day after the US reported an unexpected jump in American crude reserves that signalled flagging demand in the world's number one energy consumer. New York's main futures contract, light sweet crude for October...
Tags: U.S, oil prices, sweet crude, light sweet, main futures, futures contract, New York, energy consumer