Search Results for: Crude oil
West TX Oil Near $102 on Gasoline Supply
July 10th, 2014
West Texas Intermediate fell for a 10th day, the longest losing streak on record, after government data showed U.S. gasoline stockpiles expanded amid reduced demand in the world’s biggest oil user. Brent dropped in London. Futures declined as much ...
U.S. Oil Near $102 as Weak Gas Demand Stokes Fears
July 10th, 2014
U.S. crude shed more than $1 and Brent fell on Wednesday, as a rise in U.S. gasoline inventories signaled weak demand, and a restart of a Libyan oilfield helped ease supply worries. Gasoline stockpiles rose 579,000 barrels, data from ...
Brent Oil down at $109 on Easing Supply Fears
July 9th, 2014
Brent oil slid more than $1 a barrel on Tuesday, its seventh straight decline, with U.S. oil also falling as Libyan oil exports looked likely to rise, and fears eased over a supply disruption in Iraq. Brent has shed ...
Oil price slips as supply fear recede
July 8th, 2014
The price of oil slipped to near $103 a barrel Tuesday as concerns about possible supply disruptions continued to fade. Benchmark U.S. crude for August delivery was down 12 cents to $103.41 a barrel at 0450 GMT in electronic ...
US now world’s biggest oil producer
July 7th, 2014
The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America said. US production of crude oil, along ...
Brent Oil Trades Near Three-Week Low on Libya Supply
July 7th, 2014
Brent oil traded near the lowest price in more than three weeks as Libya prepares to increase exports and amid speculation that Iraq’s crude supplies remain safe from violence. West Texas Intermediate was steady in New York. Futures were ...
Emerging Stocks Advance as Oil Declines While Europe Stoc
June 30th, 2014
Emerging-market stocks rose, extending the biggest quarterly advance since September 2012. Shares in Europe fell, while oil declined as continuing violence in Iraq failed to disrupt supply. The MSCI Emerging Markets Index (BUSY) climbed 0.4 percent at 7:25 a.m. ...
US approves some exports of light oil
June 26th, 2014
As the oil industry pushes the Obama administration to lift a longstanding ban on the export of crude oil, the Commerce Department has granted two Texas companies permits to export a light, processed form of oil, according to people ...
U.S. Ruling Loosens Four-Decade Ban On Oil Exports
June 25th, 2014
The Obama administration cleared the way for the first exports of unrefined American oil in nearly four decades, allowing energy companies to start chipping away at the longtime ban on selling U.S. oil abroad. In separate rulings that haven’t ...
Oil falls as fear fades over Iraq conflict
June 24th, 2014
The price of oil fell Tuesday as fears receded that the insurgency roiling Iraq would affect its oil production and exports. Islamic militants have been steadily expanding their grip on the country’s north, where they control a broad swath ...
