Oil Prices

Oil Drops To Lowest Since February
NEW YORK (AP) — The price of oil has fallen to its lowest level in three months after elections in Europe created uncertainty over the region’s plan for recovery. Benchmark U.S. crude fell by $1.96 to $96.52 per barrel in New York while Brent crude lost 98 cents to $112.20 per barrel i…
Oil Drops Below $100
NEW YORK (AP) — Oil is now below $100 per barrel following a disappointing U.S. jobs report and warnings of a weakening world economy. It’s the first time oil has dropped below $100 since February 13. Benchmark crude hit $99.99 in morning trading. Prices are falling as Western nations …
Oil Prices Rise On Improvement In US Manufacturing
Oil prices are climbing as April’s manufacturing rate expanded at the fastest pace in 10 months, signaling more demand for energy products. Benchmark oil rose $1.22 Tuesday to $106.09 per barrel in New York. Brent crude increased by 44 cents to $119.91 in London. A purchasing managers’…
Oil Falls On Weaker Chinese Growth
NEW YORK (AP) — Oil prices are falling after China reported weaker economic growth. China is the second-largest oil consumer after the U.S., and its rapid growth has been one of the primary drivers of world oil demand. From January to March, however, China’s economy grew by just 8.1 pe…
Oil Rises On Bullish US Manufacturing Data
NEW YORK (AP) — The price of oil is climbing on reports that U.S. factories have cranked into a higher gear. Benchmark U.S. crude increased Monday by $1.07 to $104.09 per barrel in New York while Brent crude rose by 68 cents to $123.56 per barrel in London. Manufacturers are big users of dies…
Oil Prices Fall As Supplies Grow
NEW YORK (AP) — Oil prices are falling because U.S. supplies have increased and Western nations may be considering a release of additional barrels onto the world market. Benchmark U.S. crude fell $2.25, or 2.1 percent, to $105.09 per barrel in New York while Brent crude lost $1.71 to $123.83 …
Oil Prices Rise On Unexpected Supply Drop
NEW YORK (AP) — Oil prices are higher following a government report that U.S. supplies unexpectedly dropped last week. The Energy Information Administration said Wednesday that oil supplies fell by 1.2 million barrels. Analysts expected supplies to grow by 2.1 million barrels. The drop in sup…
Oil Prices Lower After Supply Report
NEW YORK (AP) — The price of oil is lower Wednesday, after the government reported that supplies rose last week, as analysts expected. Gasoline pump prices continued to climb, rising to a national average of $3.811 per gallon. Benchmark crude fell by 61 cents to $106.10 per barrel in New York…
Oil Prices Up Slightly After US GDP Revision
NEW YORK (AP) — The price of oil is slightly higher Wednesday. Investors are weighing a higher estimate from the government on U.S. economic growth against an industry report showing a decline in oil demand. Oil demand in the U.S. has tumbled as prices rose to nine-month highs. The Energy Dep…

Load More Articles