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Crude oil prices

Crude oil prices hold near $82

New York -- Crude oil prices held near $82 per barrel on the New York Mercantile Exchange Tuesday, as traders test a new price plateau.

Prior to an Organization of Petroleum Exporting Countries summit scheduled for Thursday in Vienna, November delivery light, sweet crude lost 41 cents to $81.80 with the dollar down 0.15 percent.

OPEC, in a monthly report, said global demand for oil in 2010 was 100,000 barrels per day higher than previously thought -- the total estimate revised to 1.1 million barrels a day, MarketWatch reported.

Crude oil prices ease Thursday

New York -- Crude oil prices eased back Thursday on the New York Mercantile Exchange, sliding under $82 per barrel, as stock markets on Wall Street closed mixed.

The trading tone was set with the Bank of England and the European Central Bank keeping their lending rates intact at 0.5 percent and 1 percent, respectively. Currency rates, which shifted when the Bank of Japan lowered its overnight lending rate to zero to 0.1 percent this week, had triggered a run up in commodities most of the week. The correction in oil prices came Thursday.

The dollar index, at nearly 87 in June was flat in Thursday's trading, up 0.02 percent.

The index measures the dollar against six major currencies with a pro-rated formula.

Crude oil prices up on supply report

New York -- Crude oil prices surged to close to $80 per barrel in New York Thursday after the Energy Information Administration said crude oil stockpiles had declined.

Crude oil prices have added close to $3 per barrel since the EIA said oil inventories fell by 500,000 barrels in the week ending Sept. 27 to 357.9 million. By itself, the decline was not large, but inventories of gasoline dropped as well, falling by 3.5 million barrels while heating oil supplies fell by 1.3 million barrels.

Crude oil finishes below $77 per barrel

Washington -- Crude oil prices, following a rise in Asian markets, bumped above $77 on the New York Mercantile Exchange early Monday before losing ground by day's end.

November delivery light, sweet crude initially jumped to $77.05 per barrel before falling back to $76.52 for a 3-cent gain on the day.
"The underlying situation is that fundamentals are still bearish," Darin Newsom, a senior analyst with DTN Telvent in Omaha, Neb., told Marketwatch. "There's just this lack of commercial support in the market ... . We anticipate the market will still be under pressure."

Heating oil prices dropped 0.0049 cents to $2.1179 per gallon. Reformulated gasoline blendstock gained 4 cents to $1.95 per gallon.

Crude oil prices rebound to $75

New York-- Crude oil prices rose to close to $75 per barrel Thursday, recovering lost ground while the U.S. dollar index rose 0.35 percent after a 13-day slide.

Oil prices have also mirrored stock markets, which were mixed in Asia but lower in Europe and on Wall Street.

November delivery light, sweet crude on the New York Mercantile Exchange added 22 cents from a recent settlement to $74.93 per barrel. Heating oil prices gained 0.0026 cents to $2.1276 per gallon. Reformulated gasoline prices rose 0.0087 cents to $1.91 per gallon. Natural gas prices added 0.063 cents to $4.029 per million British thermal units.

Crude oil prices bounce back

New York -- Crude oil prices increased Friday in New York as equities remained strong and the dollar index dropped.

The dollar index, a pro-rated measurement of the U.S. dollar against six major currencies, dropped 0.28 percent Thursday, making oil more affordable.

On the New York Mercantile Exchange, light, sweet October delivery crude bounced back from a $74.27 trading session low to $74.70 Friday morning. Heating oil prices for October rose 0.016 cents to $2.115 per gallon. Refomulated blendstock gasoline added 0.015 cents, reaching $1.9397 per gallon. Natural gas prices rose 0.028 cents to $4.09 per million British thermal units.

Crude oil slides on currency move

New York -- Crude oil prices dropped closer to $75 per barrel Wednesday morning after Japan moved to shore up its export-oriented economy by devaluing the yen.

Moving to buy U.S. dollars and sell off yen, Japan managed to shift the value of U.S. currency from near 82 yen per dollar Tuesday to 84.50 yen Wednesday morning.

As oil is priced in U.S. currency, the dollar's rise gave traders incentive to reduce their positions.

Light, sweet crude oil for October delivery on the New York Mercantile Exchange dropped $1.44 to $75.36 per barrel. Heating oil prices for October lost 0.009 cents to $2.1198 per gallon. Reformulated blendstock gasoline shed 0.0205 cents to $1.9485 per gallon.

Crude oil prices head higher

New York -- Crude oil prices topped $77 per barrel Monday in New York, making a quick resurgence following an upswing in equity markets.

U.S. markets have made gains in five of the past six trading sessions and have generally trended up since Labor Day. Stock indexes also rose across the board in Asia and Europe Monday, as investors shrugged off worries of a double-dip recession.

On the New York Mercantile Exchange, light, sweet crude oil for October delivery added 75 cents to $77.20 per barrel. Heating oil prices added 0.0003 cents to $2.123 per gallon. Reformulated gasoline blendstock gained 0.0019 cents to $1.9825 per gallon.

Crude oil prices head higher

New York -- Crude oil prices topped $77 per barrel Monday in New York, making a quick resurgence following an upswing in equity markets.

U.S. markets made gains last week and have generally trended up since Labor Day. On Monday, markets were higher across the board in Asia and Europe as investors shrugged off worries of a double-dip recession.

On the New York Mercantile Exchange, light, sweet crude oil for October delivery added $1.01 to $77.46 per barrel. Heating oil prices added 0.0237 cents to $2.1281 per gallon. Reformulated gasoline blendstock gained 0.0247 cents to $1.9978 per gallon.

Henry Hub natural gas edged higher, up 0.015 cents to $3.898 per million British thermal units.

Crude oil prices swing higher Friday

New York -- Crude oil prices rose sharply on the New York Mercantile Exchange Friday, topping $76 per barrel as equities closed out the week higher on Wall Street.

For the week, the Dow Jones industrial average closed 0.1 percent higher, a turnaround from August, when stocks were down on the month.

This week's "fall in weekly unemployment claims in the United States and rising Chinese imports of crude has everyone in a rousing rendition of 'Happy Days Are Here Again,'" MarketWatch quoted MF Global Vice President of Trading Mike Fitzpatrick as saying in a research note.