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Crude back at $70
6 hours ago ago from FINANCIAL ADVISORY
Prices reclaim this level on demand hopes and drop in inventory speculation Crude prices broke its losing streak and ended higher for thefirst time in ten sessions on Tuesday, 15 December, 2009. Prices roseas traders mulled over the fact that tomorrow's inventory report willshow drop in crude supplies. Prices also rose as OPEC raised itsforecast for global oil demand for next year. On Tuesday, crude-oil futures for ...
Related contentCrude Oil Back Above $73 A Barrel As Inventories Plunge
1 hour, 14 minutes ago ago from Finance Room
The price of crude jumped back above $73 a barrel on Wednesday, holding onto most of its early gains even as the US dollar rose following the Federal Reserve's interest rate decision. A larger than forecast draw down in crude stockpiles gave prices a lift. January crude rose $1.97 to $73.05 a barrel, a day after snapping a nine-day losing streak. US crude stockpiles dropped last week, defying industry data suggesting a big build was ...
Related contentOil hovers near $71 in Asia amid signs of rising US crude supplies (Oil-Prices)
14 hours ago ago from Oilweek Online
SINGAPORE _ Oil prices hovered near US$71 a barrel Wednesday in Asia with gains tempered by a U.S. crude supply report that showed an unexpected rise in inventories last week.Benchmark crude for January delivery was up 40 cents to $71.09 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. On Tuesday, the contract added $1.18 to settle at $70.69.U.S. crude inventories unexpectedly rose last week, the ...
Related contentOil surges above $72 a barrel as US oil, distillate fuel supplies fall (Oil-Prices)
8 hours ago ago from Oilweek Online
NEW YORK _ Oil prices rose sharply Wednesday, wiping out a week`s worth of declines after the government said supplies of oil and petroleum products dropped much more than expected.Benchmark crude for January delivery surged by $2.23, more than three per cent, to US$72.92 a barrel on the New York Mercantile Exchange. In London, Brent crude for January delivery added $1 to $73.05 a barrel on the ICE Futures exchange.The Energy Information ...
Related contentPrice of oil drops
21 hours ago ago from Tech Fin
The oil price dropped on Monday below $69 per barrel in New York. The lowest price of crude oil since October is around $68.59. The London trading shed its crude oil price of $29 cents in January. ODL securities feel that the demand for oil has become less since October. Light sweet crude oil main contract of New York fell by $36 cents to$69.51 per barrel. Array Array Array Array Array Array Array Array Array Array Array Array ...
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Oil extends gains on inventory drop
17 hours ago ago from CNN Money
TRADING CENTER Oil extends gains on inventory drop December 16, 2009: 6:32 AM ET LONDON (Reuters) -- Oil rose above $71 a barrel on Wednesday, extending its gains after snapping a nine-day losing streak a day earlier, as industry data showing a sharp drop in U.S. distillate stockpiles overshadowed signs of weak demand. Crude for January delivery rose 70 cents to ...
Related contentOil climbs 3% on inventory drop
11 hours ago ago from CNN Money
TRADING CENTER Oil climbs 3% on inventory drop By Blake Ellis, contributing writer December 16, 2009: 12:38 PM ET NEW YORK (CNNMoney.com) -- Oil climbed above $73 a barrel Wednesday after a government inventory report showed crude supplies fell almost twice as much as analysts expected. Crude oil for January delivery rose $2.22, or 3.14%, to $72.91 a barrel. On ...
Related contentCrude Oil Ends Up 2.8% On Big Drop In Supplies - FOXBusiness.com
7 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home Wednesday, December 16, 2009 Crude Oil Ends Up 2.8% On Big Drop In Supplies  By Nick Godt MarketWatch Pulse  NEW YORK -- Crude oil futures finished with a gain of ...
Related contentOil prices move higher following bullish inventory report, Iranian missile test
6 hours ago ago from BloggingStocks
Oil prices have been on the rise today, following a government report that showed inventories fell more than expected last week. Going into today's inventory report, analysts had been expecting to hear that oil inventories shrank by around 2 million barrels last week, but according the the Department of Energy the actual draw was much steeper at 3.7 million barrels. Today's inventory report was not the only factor pushing oil prices ...
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