K2 Radio » Oil Prices

Oil Rises On Fed Stimulus Hopes

Associated Press — Wed, 12 Dec 2012 16:12:44 +0000

NEW YORK (AP) — The price of oil is higher Wednesday as traders anticipate the Federal Reserve's next steps to stimulate the U.S. economy. But a big increase in the nation's gasoline supply has damped the gains

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Oil Falls As U.S. Prepares To Push Middle East Peace

Associated Press — Tue, 20 Nov 2012 16:26:22 +0000

NEW YORK (AP) — The price of oil is falling a day after reaching its highest point in almost a month as worries about a possible disruption in Middle East crude supplies lessen.

Benchmark crude fell 68 cents to $88

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Oil Price Fluctuates Near $85 Ahead Of Election

Associated Press — Mon, 05 Nov 2012 16:14:16 +0000

The price of oil is slightly higher as investors remain cautious ahead of the U.S. presidential election. They're also assessing how much demand for oil has dropped in the storm-stricken Northeast

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Oil Price Drops Near $86 On Global Growth Concerns

Associated Press — Tue, 23 Oct 2012 17:11:00 +0000

NEW YORK (AP) — Oil is falling to three-month lows as big corporations around the globe cut earnings forecasts, raising concerns about economic growth and oil demand.

Benchmark oil is down $2

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Oil Slightly Lower On Economic Questions

Associated Press — Tue, 02 Oct 2012 15:16:40 +0000

The price of oil is slightly lower as investors weigh positive U.S. economic news against ongoing concerns about Europe's debt crisis

Benchmark oil dropped 34 cents Tuesday to $92.14 per barrel in New York after falling earlier in the session

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Oil Prices Flat Ahead Of ECB Meeting

Associated Press — Tue, 04 Sep 2012 15:23:23 +0000

The price of oil remained little changed Tuesday as traders weighed two opposing forces: Stimulus programs in Europe and the U.S. could free up cash for oil purchases, but oil supplies are plentiful and demand is weak

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Oil Rises As Isaac Plows Through Gulf

Associated Press — Tue, 28 Aug 2012 17:13:46 +0000

Oil prices are rising as Isaac pushes into the heart of the Gulf's oil and refinery operations.

Benchmark crude gained 41 cents to $95.88 per barrel Tuesday in New York.

Forecasters expect Isaac to intensify into a hurricane by the time the storm reaches Louisiana later Tuesday

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Oil Prices Rise On Big Drop In U.S. Supplies

Associated Press — Wed, 15 Aug 2012 17:06:03 +0000

An unexpectedly large drop in U.S. crude oil inventories is driving up the price of oil.

Benchmark oil gained 33 cents to $93.75 per barrel Wednesday in New York. Brent crude increased 97 cents to $115 per barrel in London

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Oil Falls On New Signs Of Slowing Global Economy

Associated Press — Mon, 13 Aug 2012 15:22:16 +0000

The price of oil is falling as Japan becomes the latest country to report slower economic growth.

Benchmark crude fell 62 cents Monday to $92.25 per barrel in New York.

Japan says its economy grew less than expected in the second quarter in part because of less demand for its exports in Europe

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Oil Price Climbs Above $90 On Stronger U.S. Demand

Associated Press — Wed, 18 Jul 2012 16:52:33 +0000

NEW YORK (AP) — The price of oil climbed above $90 per barrel for the first time since May after the government said U.S. oil demand is on the rise.

The Energy Information Administration reported Wednesday that average oil demand increased last week in the U

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Oil Price Falling After Bernanke Comments

Associated Press — Tue, 17 Jul 2012 15:16:25 +0000

NEW YORK (AP) — The price of oil is falling after Fed Chairman Ben Bernanke gave no clues about whether the central bank would take further steps to boost the economy.

Investors had hoped that Bernanke would discuss a new plan Tuesday before congressional panel

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Oil Price Climbs As Norwegian Strike Looms

Associated Press — Mon, 09 Jul 2012 17:34:27 +0000

NEW YORK (AP) — The price of oil is climbing as Norway's North Sea crude production prepares to shut down.

Norway's oil industry, which produces more than 3.8 million barrels of oil and natural gas per day, says platforms will switch off by 8 p

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Oil Drops On More Signs Of Economic Trouble

Associated Press — Fri, 06 Jul 2012 15:23:03 +0000

NEW YORK (AP) — The price of oil is falling on more signs of trouble for the economy.

U.S. employers added just 80,000 jobs in June — a disappointing number that shows the economy is still struggling three years after the recession ended

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Oil Price Drops Below $80 For First Time Since Oct.

Associated Press — Thu, 21 Jun 2012 15:28:39 +0000

NEW YORK (AP) — The price of oil has dipped below $80 for the first time since October.

Benchmark U.S. crude, which has been tumbling since May, hit a low of $79.82 per barrel in morning trading

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Oil Prices Fall As U.S. Supplies Grow

Associated Press — Wed, 20 Jun 2012 15:37:04 +0000

NEW YORK (AP) — The price of oil is down Wednesday after the government said U.S. supplies unexpectedly grew last week.

Benchmark U.S. crude fell by $1.61 to $82.74 per barrel in New York while Brent crude lost $1

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OPEC Top Official Sees $110 A Barrel As Fair

Associated Press — Fri, 15 Jun 2012 11:40:28 +0000

VIENNA (AP) — OPEC's secretary general says oil prices could rise by about $25 from their present levels without threatening the world economy.

Crude prices have dropped steeply in recent months with the U

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Oil Rises Ahead Of Key OPEC Meeting

Associated Press — Tue, 12 Jun 2012 17:20:06 +0000

The price of oil is rising ahead of a key OPEC meeting in Vienna.

Benchmark oil increased 64 cents to $83.34 per barrel Tuesday in New York. Brent crude fell 50 cents to $97.50 in London.

When the Organization of Petroleum Exporting Countries meets Thursday, members such as Iran and Venezuela will likely push for a cut in production at a time when demand has weakened and supplies are ample

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Oil Prices Fall on Globel Economic Concerns

Associated Press — Mon, 11 Jun 2012 17:11:28 +0000

Oil is dropping after a bailout of Spain's banks has done little to ease doubts about a long-term solution for Europe's financial crisis.

Benchmark oil fell 75 cents to $83.35 per barrel Monday in New York

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Oil Rises Slightly With All Eyes On Europe

Associated Press — Tue, 05 Jun 2012 15:22:55 +0000

The price of oil is swinging between small gains and losses as the market waits for Europe's next move in trying to clean up its financial mess.

Benchmark oil rose 17 cents to $84.15 per barrel Tuesday in New York

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Oil Prices Lower Ahead Of G8 Summit

Associated Press — Fri, 18 May 2012 17:09:51 +0000

Oil prices are lower ahead of a weekend meeting where leaders of the world's biggest economies will look for ways to help Europe resolve its debt crisis.

Benchmark oil fell 60 cents to $91.96 per barrel on Friday in New York

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