Daily Oil Market News
 
Daily Oil Prices & Futures News on the Blackstuff
Wednesday 16th of April 2014
8/8/2011

Crude prices drop another $3 per barrel in New York trade

Crude prices drop another $3 per barrel in New York trade

Crude oil prices were down more than $3 per barrel again Monday in afternoon trade in New York as investors reacted to the downgrade of US credit by Standard & Poor’s late Friday, when the ratings agency cut its rating on US credit from AAA to AA-plus, with a negative outlook. The downgrade exacerbated continuing […]




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 […]




2/8/2011

Crude drops on Commerce Department data on consumer spending

Crude drops on Commerce Department data on consumer spending

Crude oil prices were lower in afternoon trade in New York on a stronger dollar and as the Commerce Department released disappointing new figures on consumer spending and personal incomes, providing more evidence that the US economy could be slowing down. September contracts for West Texas Intermediate crude were down $1.13 to $93.76 per barrel […]




1/8/2011

Crude prices lower on US manufacturing data

Crude prices lower on US manufacturing data

Crude oil prices were lower in afternoon trade in New York Monday as bad news on US manufacturing caused concerns about demand and as investors worried that a new deal on the US debt ceiling might not have to votes to gain passage. September contracts for West Texas Intermediate crude was down 91 cents to […]




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 […]




25/7/2011

Crude prices drop on demand worries amid debt concerns

Crude prices drop on demand worries amid debt concerns

Crude oil prices were lower in afternoon trade on Monday despite a weaker US dollar, which would usually attract investors making purchases in other currencies. September contracts for West Texas Intermediate crude were down by 65 cents to $99.22 per barrel at just before 1:30 p.m. on the New York Mercantile Exchange, while Brent crude […]




22/7/2011

Crude prices higher in New York, London

Story link: Crude prices higher in New York, London by Elaine Frei
Crude prices higher in New York, London

Crude oil prices were higher in afternoon trade Friday after the European Union agreed to a plan to help out Greece with its debt problems and on hopes that the dispute over raising the debt ceiling in the United States will be resolved soon. September contracts for West Texas Intermediate crude were up 75 cents […]




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 […]




18/7/2011

Crude prices drop on debt worries, dollar

Story link: Crude prices drop on debt worries, dollar by Elaine Frei
Crude prices drop on debt worries, dollar

Crude oil prices were lower in afternoon trade in New York on Monday as investors worried about debt in Europe and the United States and on a stronger US dollar. August contracts for West Texas Intermediate crude were down $1.74 to $95.50 per barrel at nearly 2 p.m. on the New York Mercantile Exchange, while […]




15/7/2011

Crude prices rise on investor concerns about US dollar

Crude prices rise on investor concerns about US dollar

Crude oil prices were higher Friday as investors looked to commodities as an alternate investment on concerns that debt problems in the US will drive the value of the dollar lower. August contracts for West Texas Intermediate crude were up $1.04 to $96.73 per barrel in afternoon trade on the New York Mercantile Exchange, while […]




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 […]




27/6/2011

Crude ends lower in New York, higher in London

Crude ends lower in New York, higher in London

Crude oil prices were mixed Monday, seeing declines in New York trade but going higher after early declines in London. August contracts for West Texas Intermediate crude were down 41 cents at about half an our before the close of floor trade on the New York Mercantile Exchange and fell a few cents more by […]




21/6/2011

Crude prices lower on US existing home sales and ahead of Greece vote

Crude prices lower on US existing home sales and ahead of Greece vote

Crude oil prices were lower Tuesday ahead of a confidence vote in Greece, as investors worried that the debt-troubled nation will default. July contracts for West Texas Intermediate crude, which expire at the end of floor trade today, were down 13 cents to $93.13 per barrel in afternoon trade on the New York Mercantile Exchange, […]




20/6/2011

Crude prices lower on debt concerns

Story link: Crude prices lower on debt concerns by Elaine Frei
Crude prices lower on debt concerns

Crude oil prices dropped again Monday after being down by 6.2 percent last week as investors worried about Europe’s debt problems. July contracts for West Texas Intermediate crude were down 15 cents to $92.86 per barrel at just past 2 p.m. on the New York Mercantile Exchange, while at last report Brent crude had dropped […]




13/6/2011

Crude prices drop ahead of China, US data

Story link: Crude prices drop ahead of China, US data by Elaine Frei
Crude prices drop ahead of China, US data

Crude oil prices were lower Monday, with declines coming on worries about economic recovery around the globe and ahead of new data scheduled to be reported later in the week as China got ready to report on retail sales, consumer prices and industrial production and the US readied new figures on retail sales, consumer inflation […]




6/6/2011

Crude prices drop ahead of OPEC meeting, on demand concerns

Crude prices drop ahead of OPEC meeting, on demand concerns

Crude oil prices were lower Monday ahead of a meeting of the Organization of Petroleum Exporting Countries, scheduled for Wednesday in Vienna, while a stronger dollar and the reopening of an oil pipeline that carries oil from Canada to the United States also pushed prices lower. There were also concerns that demand could drop in […]




31/5/2011

Crude prices jump on weaker US dollar, more unrest in Yemen

Crude prices jump on weaker US dollar, more unrest in Yemen

Crude oil prices were higher in mid-morning trade in New York on Tuesday, helped higher by a weaker US dollar after the euro strengthened on hopes that there will soon be a new agreement by the European Union and the International Monetary Fund on help for Greece’s debt problems, while investors still worried about unrest […]




30/5/2011

Vedanta could accept Indian’s conditions for 58.5% stake in Cairn India

Vedanta could accept Indian’s conditions for 58.5% stake in Cairn India

Investors believe that high crude oil prices could push Vedanta Resources Plc to accept the Indian government’s conditions for approval of the company’s planned $9.4 billion offer to acquire a portion of Cairn India Ltd., according to Bloomberg News. Vedanta Resources is seeking approval to acquire 58.5% stake in Cairn India. On May 27, an […]




27/5/2011

Crude prices mixed on data, geopolitical concerns

Crude prices mixed on data, geopolitical concerns

Crude oil prices were off their highs in afternoon trade in New York Friday, but dollar weakness and renewed concerns over political and sectarian violence in the Middle East and North Africa kept prices above $100 per barrel in New York. July contracts for West Texas Intermediate crude were up 9 cents to $100.32 per […]