Tue, 14/09/2010 - 07:27 by harsheeb
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.
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Tue, 14/09/2010 - 04:19 by Prince damin
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.
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Sat, 11/09/2010 - 07:50 by harsheeb
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.
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Fri, 10/09/2010 - 00:17 by Prince damin
New York -- Crude oil in New York traded in a narrow band overnight, wavering on both sides of $75 per barrel.
Prices for October delivery light, sweet crude oil recently trended lower to $74.88 per barrel after hitting an overnight peak of $75.27 on the New York Mercantile Exchange. Heating oil prices shed 0.0017 cents to $2.08 per gallon. Reformulated gasoline prices added 0.0001 cents $1.9395 per gallon.
Henry Hub natural gas prices dropped 0.024 cents to $3.79 per million British thermal units.
At the pump, the national average price of unleaded gasoline was $2.683 per gallon Thursday, up from Wednesday's $2.68, AAA said.
Copyright 2010 United Press International, Inc. (UPI).
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Tue, 07/09/2010 - 22:09 by Prince damin
New York -- Crude oil prices slid lower in New York, dropping under $74 per barrel, continuing a slide that began a month ago.
Crude oil prices last topped $80 per barrel on Aug. 10. The decline was briefly reversed in late August, when Federal Reserve Chairman Ben Bernanke reassured investors the central bank would take steps to maintain liquidity in the marketplace. A brief upswing a week ago accompanied a surge in stock prices. Beyond that, prices have settled into the $70 to $75 per barrel range.
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Sat, 04/09/2010 - 07:07 by Prince damin
New York -- Crude oil prices wound up below $75 a barrel Friday on the New York Mercantile Exchange, unable to follow the stock markets higher.
After busting past $75.25 earlier in the day, October light sweet crude ended the day down 68 cents at $74.34. Oil dipped 0.8 percent through the week heading into the Labor Day weekend after posting 2 percent gains last week.
"If the bulls cannot rally when equities are higher and the dollar is weaker, it should tell you how concerned they are about the American consumer," Hamza Khan, an analyst with The Schork Report in Philadelphia, told MarketWatch. "The consumer is not back on his feet."
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Sat, 04/09/2010 - 07:04 by Prince damin
New York -- Crude oil prices topped $75 in New York Friday morning, following a two-day run-up in U.S. equity markets.
October delivery light, sweet crude oil added 30 cents from a previous settlement to reach $75.28 per barrel. Heating oil prices rose 0.0065 cents to $2.0688 per gallon. Reformulated blendstock gasoline prices gained 0.0006 cents to $1.9222 per gallon. Henry Hub natural gas prices added 0.061 cents to $3.812 per million British thermal units.
At the pump, the national average price of unleaded gasoline rose Friday from Thursday's $2.676 per gallon to $2.681, AAA said.
Copyright 2010 United Press International, Inc. (UPI).
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Fri, 03/09/2010 - 10:24 by Prince damin
New York -- Crude oil prices rose Thursday on the New York Mercantile Exchange, closing in on $75 per barrel as equity prices were positive for the second consecutive day.
October delivery crude oil prices added $1.48 to $74.92 per barrel in New York. Heating oil prices shed 0.0048 cents to $2.0575 per gallon. Reformulated gasoline blendstock for October lost 0.0015 cents to $1.9201 per gallon.
Henry Hub natural gas prices added 0.036 cents to $3.787 per million British thermal units.
At the pump, the national average price of unleaded gasoline dropped to $2.676 per gallon Thursday from Wednesday's $2.678, AAA said.
Copyright 2010 United Press International, Inc. (UPI).
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Wed, 01/09/2010 - 22:24 by Prince damin
New York -- Crude oil rose Wednesday morning, climbing above $73 per barrel as equity markets in Asia, Europe and the United States posted positive numbers.
October delivery of light, sweet crude oil on the New York Mercantile Exchange gained $1.60 from a prior settlement to $73.52 per barrel. Heating oil prices added 0.0511 cents to $2.0428 per gallon. Reformulated blendstock gasoline rose 0.0405 cents to $1.8979 per gallon.
Henry Hub natural gas prices added 0.031 cents to $3.847 per million British thermal units.
At the pump, the national average price of unleaded gasoline was $2.678 per gallon Wednesday, up from Tuesday's $2.677, AAA said.
Copyright 2010 United Press International, Inc. (UPI).
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Wed, 01/09/2010 - 00:58 by Prince damin
New York -- Crude oil futures dropped sharply on the New York Mercantile Exchange overnight, falling to less than $74 per barrel as economic worries dominated trading.
Stock markets plunged in Asia Tuesday with the Nikkei 225 index leading the descent, falling 3.55 percent a day after the Bank of Japan announced measures to shore up its export-oriented economy. As reliant as it is on exports, investors are focused on Japan's customers, which include the United States and Europe where economies are floundering.
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Tue, 31/08/2010 - 00:32 by Prince damin
New York -- Crude oil prices settled slightly during the weekend, dropping under $75 per barrel after a modest recovery last week.
Prices jumped had Friday after U.S. Federal Reserve Chairman Ben Bernanke reassured investors that the central bank would play a pivotal role in stimulating the economy.
In commodities trading Monday, crude oil prices for October delivery dropped 59 cents from a recent settlement to $74.58 per barrel. Heating oil for October shed 0.0121 cents to $2.0454 per gallon. Reformulated blendstock gasoline lost 0.0068 cents to $1.908 per gallon. Henry Hub natural gas rose 0.083 cents to $3.788 per million British thermal units.
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Sat, 28/08/2010 - 00:06 by Prince damin
New York -- Crude oil prices added 2 cents in overnight trading on the New York Mercantile Exchange to $73.38 per barrel amid concerns of a double-dip recession.
U.S. stock markets faltered Wednesday, losing early gains despite a drop in first-time unemployment claims. Commodity traders on Friday are likely waiting from word from Wyoming on which direction Federal Reserve monetary policy will take as Fed Chairman Ben Bernanke is to speak at the central bank's annual retreat.
Heating oil for October added 0.0014 cents to $2.025 per gallon. Reformulated blendstock gasoline also gained 0.0014 cents, reaching $1.87 per gallon. Henry Hub natural gas rose 0.009 cents to $3.852 per million British thermal units.
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