Russia surprised the world yesterday, by announcing that it has territorial rights to a significant chunk of Arctic seabed, and is seeking UN approval
Future Markets
Crude prices gain on inventories report
Crude oil prices were higher Wednesday after the US Energy Information Administration issued its weekly inventories report, which showed that US gasoline inventories were
Crude oil prices down after jump on storm worries
Crude oil prices were up in early trade in New York on Monday on concerns that Tropical Storm Fay would disrupt oil production in
Crude prices jump on weaker dollar
Crude oil prices were up Tuesday as the US dollar weakened against the euro after gains early in the session, and on the possibility
US crude oil inventories, prices rise
Crude oil prices were up slightly Wednesday after the US Energy Information Administration issued its weekly inventories report, which showed that while US crude
Geopolitical issues send crude oil prices higher
Crude oil prices surged Thursday as the US dollar weakened and as worrying geopolitical issues took center stage. Russia rattled sabers in response to
New hurricane sends crude prices higher
Crude oil prices were higher Tuesday on the possibility that Hurricane Gustav could hit oil-producing regions in the Gulf of Mexico. Some forecasters believe
WTI, Brent drop more than $6 per barrel
Crude oil prices fell Friday more than they gained on Thursday as investors took profits and as the US dollar strengthened. Other news that
Oil prices slightly higher in light trade
Crude oil prices were slightly higher Monday in light trade as some investors took the week off ahead of the US Labor Day holiday
Crude prices drop after early gains
After gains early in the session, crude oil prices ended lower Thursday after the International Energy Agency said it would dip into its emergency