by Associated Press Published: April 24,2012
Tags: gasoline, lower, oil prices
Oil prices are mixed as investors weigh strong U.S. corporate earnings with ongoing concern about European debt. Benchmark U.S. crude rose Tuesday by 56 cents to $103.67 per barrel in New York. Brent crude, which is used to price international crudes, fell by 42 cents to $118.29 per barrel in London. Europe continues to be [...] [...]
by Associated Press Published: April 18,2012
Tags: oil prices, prices, U.S. supply
Oil prices dropped Wednesday after the government said U.S. supplies grew more than expected last week. Benchmark West Texas Intermediate crude fell $1.42 to $102.78 per barrel in New York, while Brent crude lost $1.88 to $116.90 per barrel in London. The Energy Information Administration reported that U.S. crude oil supplies grew by 3.9 million [...] [...]
by Associated Press Published: February 24,2012
Tags: 2011, commodities, crude oil, higher, oil prices
Oil prices are approaching last year’s highs as tensions increase over Iran’s nuclear program. The rise pushed gasoline prices on Friday to a national average of $3.65 per gallon, the highest ever for this time of year. Western nations fear Iran is building a weapon and have been trying to force it to open its [...] [...]
by Associated Press Published: January 6,2012
Tags: drop, European crisis, oil prices
Oil prices are falling as concerns about Europe outweigh positive U.S. employment numbers. Benchmark crude fell by 53 cents to $101.31 per barrel in New York. Brent crude, which is used to price foreign oil varieties that are imported by American refineries, lost 24 cents at $112.50 per barrel in London. Prices dropped as traders [...] [...]
by Associated Press Published: November 21,2011
Tags: economy, Growth, oil prices
Oil prices fell nearly two percent Monday over fears that the world economy will remain weak and push down demand for crude. West Texas Intermediate oil, which is used as a benchmark to price oil in much of the U.S., fell $1.30 to $96.37 in midday trading in New York. Brent crude, which is used [...] [...]
by Staff Writer Published: November 2,2011
Tags: data, economy, FEd, oil prices
Oil is rising as investors turned their attention from Europe’s debt struggles to encouraging news about the U.S. economy. Benchmark crude rose $1.01 to $93.20 per barrel on Wednesday morning in New York, while Brent crude added $1.68 at $111.22 in London. Prices rose following a report that said the private sector added 111,000 jobs [...] [...]
by Associated Press Published: November 1,2011
Tags: dropped, Greek debt, oil prices, stock market
Oil dropped Tuesday with the stock market as a surprise referendum in Greece threatened to derail a plan to bolster Europe’s banks. Benchmark crude fell $2.64, or 2.8 percent, to $90.55 per barrel in late morning trading on the New York Mercantile Exchange. In London, Brent crude lost $1.80 at $107.76. Prices dropped after Greece’s [...] [...]
by Associated Press Published: September 13,2011
Tags: oil prices, rise, tropical storm
Oil prices are starting to rise with some anticipating that a recent tropical storm disrupted supply. The government will report petroleum supply levels on Wednesday. Tropical Storm Lee hammered the Gulf Coast earlier this month, forcing oil platforms and refineries to temporarily shut down. U.S. regulators said nearly 900,000 barrels of daily oil production was [...] [...]
by Associated Press Published: July 27,2011
Tags: crude supplies, fall, oil prices
Oil prices fell Wednesday after the nation’s oil and gasoline supplies rose last week with the release of millions of barrels from the Strategic Petroleum Reserve. Benchmark West Texas Intermediate crude for September delivery lost $1.49 at $98.10 per barrel in midday trading on the New York Mercantile Exchange. In London, Brent crude rose 8 [...] [...]
by admin Published: January 20,2011
Tags: china, oil prices
Oil prices sank Thursday on fresh concerns that demand could weaken if China takes more steps to control its economic growth. Benchmark oil for March delivery lost $2.19 at $88.67 a barrel in midday trading on the New York Mercantile Exchange. New data showed China’s economy grew 9.8 percent in the fourth quarter despite several [...] [...]
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