Futures Markets
Crude oil down for fourth consecutive session
Crude oil prices dropped for the fourth day in a row on Thursday. June contract Brent crude on the International Petroleum Exchange lost 90 cents to $71.19 per barrel. West Texas Intermediate crude for June delivery was down 78 cents to $71.15 per barrel.
Oil down after inventories report
Crude oil prices were down after a US inventories report that showed crude oil stockpiles down by 200,000 barrels in the week ending April 21, approximately the drop that had been expected. Despite the decline, crude oil inventories are at the highest levels in 8 years. Gasoline inventories were also down, for the [...]
Oil declines slightly
Crude oil prices were up again early in the day due to new threats from Iran and data showing demand growing in China. However, prices slid after US President George W. Bush announced the suspension of oil deliveries to the Strategic Reserve in an effort to halt the rise in gasoline prices. Mr. Bush also [...]
Crude oil at new record high
Crude oil prices were up again on Friday, with West Texas Intermediate crude for June delivery going as high as $75.35 per barrel on the New York Mercantile Exchange before ending the day up by $1.48 to $75.17 per barrel. This price was a new closing high and near inflation-adjusted records set in the late [...]
Crude prices down after early highs
Crude oil prices hit new record peaks early in the day on Thursday on reports of the bombing of an army barracks in Nigeria and threats of more attacks on facilities and individuals associated with the oil industry there. Also helping prices up were continuing concerns over output from Iran and drops in inventories reported [...]
Oil prices continue to rise
Prices for crude oil and metals were up again on Tuesday as concerns grew over Iran’s insistence that it will continue its nuclear program.
Brent crude June contracts hit a record high of $72.20 per barrel on the International Petroleum Exchange before falling back to $71.76 per barrel, a gain of 30 cents over the previous [...]
Crude oil rises on supply worries
Crude oil prices were up again on Monday as Iran continued to insist that it will pursue its nuclear program and as worries persisted over supply issues in Nigeria in the wake of militant attacks on facilities there.
Brent crude for June delivery was up 16 cents to $70.85 per barrel after trading as high as [...]
Crude oil up on political, supply concerns
Crude oil prices were up on Thursday on worries that supplies will become tighter as demand rises, especially in light of continuing uncertainties over supply problems in Nigeria, Russia, and some non-OPEC producers. The International Energy Agency said that in order to meet demand, OPEC will need to increase production this year. The continuing situation [...]
Crude oil stockpiles rise, gasoline and distillates inventories decline
New data from the US Energy Information Administration, released on Wednesday, showed that inventories of crude oil in the United States grew by 3.2 million barrels in the week ending April 7, when an increase of only 1.4 million barrels had been expected. Despite this, crude oil prices were up on the day after [...]
Crude prices higher on politics
Published speculation over the weekend that the United States is thinking about a military move toward Iran helped send crude oil prices higher on Monday. European Union representatives, meanwhile, met during the day to consider less drastic measures - travel bans on Iranian officials and restrictions on what subjects Iranian students in Europe may [...]
Crude oil prices down despite concerns
Crude oil prices were down Friday as hopes increased that part of Nigeria’s oil production, interrupted by militant attacks on oil facilities, might soon resume. The declines came despite worries that OPEC nations Venezuela, Iran, and Indonesia might not be able to meet their quotas to the tune of a 1 percent decline in OPEC’s [...]
Inventories news sends oil higher
Crude oil, gasoline, and distillate prices were up on Wednesday after the release of the weekly US inventories figures. While crude oil inventories were up by 2.1 million barrels in the week ending March 31, well above the forecast rise of 1.1 million barrels, gasoline stockpiles were down by 4.4 million barrels against a predicted [...]
Crude oil prices drop slightly
Crude oil prices were down on Tuesday ahead of Wednesday’s weekly report on US inventories. Analysts believe that crude oil stockpiles will increase by 900,000 barrels, while gasoline inventories are expected to be up by 1.8 million barrels.
Brent crude for May delivery dropped 89 cents to $65.95 per barrel on the International Petroleum Exchange. Meanwhile, [...]
Oil prices rise again
Crude oil prices were up again on Monday as supply concerns continued after an underwater missile test carried out by Iran and new clashes between militants and the military in Nigeria.
Brent crude May contracts on the International Petroleum Exchange gained $1.80 to $67.71 per barrel after going as high as $67.79 during the day. Meanwhile, [...]