Futures Markets
WTI falls below $60 per barrel
Crude oil prices were lower on Monday as stock market declines and worries about the global economy had their effect on the commodities markets. In addition, a statement from the Qatar oil minister that the Organization of Petroleum Exporting Countries would not be likely to schedule any more production cuts when it meets later […]
Oil prices mixed in Friday trade
Prices for crude oil were mixed in Friday trade as a European energy broker attributed a portion of recent price gains to production cuts put into effect by the Organization of Petroleum Exporting Countries. PVM Oil Associates, based in Vienna said that around 66 percent of the 1.7 million barrels per day in total […]
Oil prices up, but natural gas declines after inventories
Oil prices were up on Thursday after Wednesday’s US crude oil and petroleum products inventories report and Thursday’s new data on natural gas supplies that showed stockpiles down by 132 billion cubic feet to 1.733 trillion cubic feet, slightly less of a drop than analysts had expected. The new numbers sent natural gas futures […]