Daily Oil Market News
 
Daily Oil Prices & Futures News on the Blackstuff
Friday 25th of July 2014
4/8/2011

WTI, Brent crude drop more than $4 per barrel

WTI, Brent crude drop more than $4 per barrel

Crude oil prices were down substantially Thursday as equities markets also plunged around the world. September contracts for West Texas Intermediate crude were down $4.16 to $87.77 per barrel in afternoon trade on the New York Mercantile Exchange, while at last report Brent crude had dropped $4.31 to $108.92 per barrel. The declines came as […]




3/8/2011

Data, inventories send crude prices lower

Story link: Data, inventories send crude prices lower by Elaine Frei
Data, inventories send crude prices lower

The price of crude oil dropped Wednesday on disappointing data and news from the United States and after the US Energy Information Administration reported that crude oil, gasoline and distillates inventories all grew last week. September contracts for West Texas Intermediate crude were down $2.12 to $91.67 per barrel at nearly 1:30 p.m. on the […]




28/7/2011

Crude ends slightly higher in New York trade

Crude ends slightly higher in New York trade

Crude oil prices were mixed Thursday on mixed news and data. September contracts for West Texas Intermediate crude ended the session up 4 cents to $97.13 per barrel on the New York Mercantile Exchange after being down earlier, while at last report Brent crude was down 13 cents to $117.30 per barrel on the ICE […]




27/7/2011

EIA: Crude oil inventories unexpectedly higher last week in US

EIA: Crude oil inventories unexpectedly higher last week in US

Crude oil prices dropped Wednesday after the US Energy Information Administration said that US stockpiles of crude, gasoline and distillates all increased by more than expected last week. September contracts for West Texas Intermediate crude were $1.65 lower to $97.94 per barrel in afternoon trade on the New York Mercantile Exchange, while Brent crude was […]




21/7/2011

Crude prices rise on EU meeting news, IEA statement on reserves

Crude prices rise on EU meeting news, IEA statement on reserves

Crude oil prices were higher in afternoon trade in New York on Thursday on good news from a meeting of European Union officials in Brussels regarding the region’s debt problems and after a statement from the International Energy Agency ruling out more releases from oil reserves. September contracts for West Texas Intermediate crude was up […]




20/7/2011

Crude prices hurt by US home sales data after early gains on inventories data

Crude prices hurt by US home sales data after early gains on inventories data

Crude prices were mixed in afternoon trade on Wednesday after the US Energy Information Administration released its weekly inventories report, which showed stockpiles of crude oil dropped more than expected last week but that gasoline and distillates inventories were up more than anticipated. August contracts for West Texas Intermediate crude were down 14 cents to […]




14/7/2011

Crude prices decline on Bernanke comments to Congress

Crude prices decline on Bernanke comments to Congress

Crude oil prices were lower Thursday as the US dollar strengthened and as Federal Reserve Chairman Ben Bernanke continued his testimony before a congressional committee for a second consecutive day. August contracts for West Texas Intermediate crude were down $2.89 to $95.16 per barrel in afternoon trade in New York, while Brent crude was lately […]




13/7/2011

Crude prices rise as US inventories drop

Story link: Crude prices rise as US inventories drop by Elaine Frei
Crude prices rise as US inventories drop

Crude oil prices were higher Wednesday as the US dollar weakened and the US Energy Information Administration issued their weekly US inventories report, which showed that crude stockpiles dropped by more than expected last week. August contracts for West Texas Intermediate crude were up $1.04 to $98.47 per barrel at around half an hour before […]




12/7/2011

New York crude prices up on demand growth predictions

New York crude prices up on demand growth predictions

Crude oil prices were mixed about half an hour before the close of trade in New York Tuesday in anticipation of tomorrow’s US stockpiles report and after the Organization of Petroleum Exporting Countries and the US Energy Information Administration both revised their demand growth predictions for this year. August contracts for West Texas Intermediate crude […]




7/7/2011

Crude prices up on US private sector jobs numbers

Crude prices up on US private sector jobs numbers

Crude oil prices were higher Thursday after a private report said that the private sector in the United States added many more new jobs to the economy than had been expected last month, providing hope that demand will grow as more people have to drive to work every day. August contracts for West Texas Intermediate […]




6/7/2011

Crude prices lower in New York on China, Europe concerns

Crude prices lower in New York on China, Europe concerns

Crude oil prices were mixed around the close of floor trade in New York on Wednesday, with August contracts for West Texas Intermediate crude down 24 cents to $96.65 per barrel, while Brent crude were most recently reported up 7 cents to $113.68 per barrel on the ICE Futures Europe exchange in London. Prices were […]




30/6/2011

Crude oil higher in afternoon trade in New York

Crude oil higher in afternoon trade in New York

The price of crude oil was mixed in afternoon trade in New York after being lower earlier in the session as the US dollar weakened, jobless claims in the US did not fall as much as expected and manufacturing activity expanded in the Chicago region in June. August contracts for West Texas Intermediate crude were […]




29/6/2011

Crude prices higher on big decline in US inventories

Crude prices higher on big decline in US inventories

Prices for crude oil were higher Wednesday after the US Energy Information Administration’s weekly US inventories report showed stockpiles in the US down more than expected, while a tropical storm was strengthening and affecting some production in Mexico. August contracts for West Texas Intermediate crude were up $2.27 to $95.16 per barrel at nearly 1:30 […]




28/6/2011

Crude prices higher ahead of US inventories report

Crude prices higher ahead of US inventories report

Crude oil prices were higher Tuesday as stock markets saw gains on optimism that Greece’s debt problems will be sorted soon, ahead of Wednesday’s US inventories report form the US Energy Information Administration and after US home prices were reported up a bit in April. August contracts for West Texas Intermediate crude were up 98 […]




23/6/2011

Crude prices drop on IEA announcement of reserve releases

Crude prices drop on IEA announcement of reserve releases

Prices for crude oil were down substantially in afternoon trade Thursday in reaction to an announcement from the International Energy Agency that it will release 60 million barrels of its stockpiles into world markets over the next month, as well as on bad news on US home sales and new jobless claims and on a […]




22/6/2011

Crude prices rise on US inventories decline

Crude prices rise on US inventories decline

Crude oil prices were higher Wednesday after the US Energy Information Administration released new inventories data on US crude, gasoline and distillates stockpiles. August contracts, now the front-month contract, for West Texas Intermediate crude was up $1.18 to $95.35 per barrel half an hour before the close of floor trade on the New York Mercantile […]




16/6/2011

WTI lower in late-day trade; Brent adds $1 to price

WTI lower in late-day trade; Brent adds $1 to price

Crude oil prices were mixed in afternoon trade in New York Thursday, with July contracts for West Texas Intermediate crude down 15 cents to $94.66 per barrel, while recent reports said that Brent crude was up $1.01 to $114.02 per barrel on the ICE Futures Europe exchange in London. WTI was up earlier, but a […]




15/6/2011

New York, London crude prices mixed after EIA US inventories report

New York, London crude prices mixed after EIA US inventories report

Crude oil prices were mixed at mid-morning in New York on Wednesday after the US Energy Information Administration said that crude oil inventories in the United States declined more than expected last week. The EIA said that crude stockpiles were down by 3.4 million barrels last week to 365.6 million barrels against an expected decline […]




10/6/2011

Crude prices fall on Saudi decision to up output

Crude prices fall on Saudi decision to up output

Crude oil prices were lower Friday after Saudi Arabia announced during the day that it will raise its crude oil output to 10 million barrels per day, up by around half a million barrels per day from current levels. The announcement came two days after the Organization of Petroleum Exporting Countries decided to hold the […]




9/6/2011

Crude prices jump on supply concerns

Story link: Crude prices jump on supply concerns by Elaine Frei
Crude prices jump on supply concerns

Crude oil prices were higher Thursday, with July contracts for West Texas Intermediate crude up 98 cents to $101.72 per barrel about twenty minutes before the close of floor trade on the New York Mercantile Exchange, while Brent crude was lately up $1.64 to $119.49 per barrel on the ICE Futures Europe exchange in London. […]