Tag Archives: oil price
Crude Falls below $77 Following U.S. Inventory Report
Posted on03. Dec, 2009 by admin.
Following the release of a U.S. government report detailing the supply and consumption levels of Oil in America, Crude prices dropped below the $77 mark in trading on Wednesday. The report showed that gasoline supplies rose 4 million barrels, while consumption levels dropped 3.2% from a year ago in the world’s largest energy consumer.
Oil also [...]
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Crude Trades Around $78 Ahead of EIA data
Posted on02. Dec, 2009 by admin.
Crude Oil pared gains on Wednesday to trade almost half a percent lower after industry data showed that U.S. crude stocks rose much more than expected, more than offsetting weakness in the U.S dollar.
Crude gained after reports yesterday showed signs of increased manufacturing output in the U.S. and China, responsible for about 32 percent of [...]
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Crude Oil Trades near $39 on Grim Economic Outlook
Posted on31. Dec, 2008 by admin.
Oil prices fell $1.00 on Tuesday as fear about demand in the global economy outweighed expectations of further Saudi supply cuts in February and tension in the Middle East due to the Israeli-Hamas conflict. The market took in data showing a sharp fall in weekly U.S. retail gasoline demand, and record low consumer confidence in [...]
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Oil Prices Resume Sliding despite OPEC's Production Cut
Posted on19. Dec, 2008 by admin.
Oil prices have been on the fritz lately; inexplicably dropping in value after the Organization of Petroleum Exporting Countries (OPEC) announced its supply cut and then quickly rebounding during early trading hours the next day. More recently, the price of Crude Oil has resumed falling back towards $40 a barrel, dipping as low as $41.54 [...]
