Fri, 19/02/2010 - 13:05 by harsheeb
New York-- Crude oil prices gained ground on the New York Mercantile Exchange, climbing to more than $78 per barrel Thursday.
Prices for March delivery light, sweet crude rose $1.05 to $78.38 per barrel despite the Energy Information Administration announcing U.S. crude oil inventories rose 3.1 million barrels in the week ending Feb. 12.
Heating oil prices also rose, adding 0.0332 cents to $2.0399 per gallon.
Reformulated gasoline blendstock prices rose 0.0462 cents to $2.0533 per gallon.
Natural gas prices dropped 0.242 cents to $5.144 per million British thermal units.
At the pump, the national average price of unleaded gasoline was $2.614 per gallon Thursday, up from Wednesday's $2.608, AAA said.
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Tue, 16/02/2010 - 21:56 by Inderjit Singh
New York -- The price of light, sweet March delivery crude oil jumped above $75 per barrel overnight, despite the dollar's recent upswing.
The U.S. dollar has been gaining strength since mid-January, rising 5 percent against the euro, which has lost ground as the size of Greece's national debt has investors concerned.
On Tuesday morning, the price of crude oil was up $1.10 to $75.23 per barrel.
Heating oil prices rose 0.0304 cents to $1.9493 per gallon. Reformulated
blendstock gasoline rose 0.0208 cents to $1.9503 per gallon. Natural gas prices added 0.053 cents to $5.521 per million British thermal units.
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Thu, 11/02/2010 - 21:07 by Inderjit Singh
New York -- Crude oil prices advanced but held to less than $75 per barrel as traders waited for a weekly U.S. inventory report due Wednesday afternoon.
Crude oil supplies generally increase in advance of rising demand that comes with the spring driving season. In addition, the European Union's decision to help Greece through its debt crisis could spur confidence among traders.
March delivery of light, sweet crude oil gained 14 cents Thursday on the New York Mercantile Exchange to $74.67 per barrel. Heating oil prices rose 0.0093 cents to $1.9562 per gallon. Reformulated gasoline blendstock prices fell 0.0131 cents to $1.9159 per gallon. Natural gas prices added 0.071 cents to $5.363 per million British thermal units.
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Wed, 10/02/2010 - 08:13 by harsheeb
New York -- Crude oil prices closed in on $73 per barrel on the New York Mercantile Exchange Tuesday, as equity markets posted strong gains.
Analysts say price increases may remain subdued in the short term, as equity markts have been on a three-week corrective course and crude oil and gasoline supplies are expected to rise as the industry builds up stock to handle an increase in driving, which normally occurs in the spring.
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Mon, 01/02/2010 - 21:02 by Inderjit Singh
New York -- Crude oil prices opened higher on the New York Mercantile Exchange Monday morning, climbing above $73 per barrel.
March delivery light, sweet crude opened at $73.10 per barrel Monday, up 22 cents. Heating oil prices gained 0.009 cents to $1.922 per gallon. Reformulated gasoline prices dropped 0.014 cents to $1.8993 per gallon. Natural gas prices added 0.232 cents to $5.363 per million British thermal units.
At the pump, the national average price of unleaded gasoline dropped to $2.669 per gallon Monday from Sunday's $1.674, AAA said.
Copyright 2010 United Press International.
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Sat, 30/01/2010 - 07:46 by harsheeb
New York -- Crude oil prices slid some more on the New York Mercantile Exchange Friday, ending below $73 a barrel despite reports of a robust economic fourth quarter.
That is down more than $10 a barrel since early this month.
The Commerce Department said the U.S. economy grew 5.7 percent October through December, but Wall Street markets followed a global trend lower anyway. India's Sensex index rose 0.31 percent Friday, but markets in Japan, China, Taiwan, Hong Kong and Australia fell, adding to uncertainty in commodities markets.
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Thu, 28/01/2010 - 21:24 by Inderjit Singh
New York -- Crude oil prices dropped overnight on the New York Mercantile Exchange, falling under $74 per barrel after a week-long shake-up in equity markets.
Asian and European markets posted gains Thursday after a string of declines.
The Nikkei 225 index in Japan gained 1.58 percent after falling for four consecutive trading sessions. The FTSE 100 index in Britain was ahead in midday trading, up 0.57 percent after falling in four of the past five market days.
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Wed, 27/01/2010 - 20:52 by Inderjit Singh
New York -- Crude oil prices settled lower on the New York Mercantile Exchange with March delivery light, sweet crude falling close to $74 per barrel.
Economic uncertainty of the past two weeks has taken the legs out from under a rally in energy prices. Crude oil peaked at $83 per barrel in January, but has since lost much of the boost that began when winter temperatures turned frigid in late December.
Crude oil prices dropped 55 cents to $74.18 per barrel Wednesday morning.
Heating oil prices lost 0.0134 cents to $1.966 per gallon. Reformulated gasoline prices eased back 0.0309 cents to $1.98 per gallon. Natural gas prices shed 0.233 cents to $5.445 per million British thermal units.
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Tue, 26/01/2010 - 22:09 by Inderjit Singh
New York -- Crude oil prices climbed above $75 per barrel in New York Tuesday morning, despite a fifth consecutive trading session with Asian markets in decline.
Markets in China, Japan and India fell Tuesday, raising concerns about the strength of the economic recovery. In the United States, markets rose modestly Monday after three consecutive days of losses.
On the New York Mercantile Exchange, crude oil added 72 cents overnight to $75.20 per barrel. Heating oil prices for March delivery added 0.022 cents to $1.9712 per gallon. Reformulated gasoline prices rose 0.0342 cents to $2.0076 per gallon. Natural gas prices lost 0.087 cents to $5.663 per million British thermal units.
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Tue, 26/01/2010 - 09:18 by harsheeb
New York -- Crude oil prices topped $75 per barrel Monday, as equity markets made modest gains following last week's plummet on Wall Street.
The Dow Jones industrial average lost 550 points Wednesday through Friday, dropping nearly 5 percent in a three-day skid. While much of the uncertainty was born of political turmoil in Washington, some analysts have said the fast run-up in stocks from March to January is due for a correction so equity markets and the economy could come into alignment.
Equity markets and oil prices made modest gains Monday.
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Sat, 23/01/2010 - 09:02 by harsheeb
New York -- Crude oil prices continued their downward slide in tandem with equity markets in New York Friday, finishing close to $74 per barrel.
Crude prices have dropped from a recent peak above $83 per barrel on concerns demand is low in the still-tenuous world economy while supplies are sufficient.
"There remains ample supply of crude oil and oil products on the U.S. market," a note written by Commerzbank AG market analysts said, MarketWatch reported Friday.
The Energy Information Administration this week said U.S. oil supplies had dropped to less than 500,000 barrels, but gasoline stockpiles had risen by 3.9 million barrels.
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Wed, 20/01/2010 - 20:10 by Inderjit Singh
New York -- Crude oil prices retreated to under $78 per barrel on the New York Mercantile Exchange as milder weather replaced the deep chill, easing pressure on supplies.
Light, sweet crude prices lost 19 cents overnight Wednesday to $77.86 per barrel. Heating oil prices lost 0.0254 cents to $2.02 per gallon. Reformulated gasoline prices dropped 0.0181 cents to $2.041 per gallon. Natural gas prices gained 0.042 cents to $5.599 per million British thermal units.
At the pump, the national average price of unleaded gasoline was $2.737 per gallon Wednesday, down from Tuesday's $2.74, AAA said.
Copyright 2010 by United Press International.
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