Oil Prices

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…
Oil Prices Rise After U.S. Supply Report
NEW YORK (AP) — Oil prices are higher Wednesday following government reports that U.S. supplies didn’t grow as much as expected last week. Benchmark U.S. crude rose 25 cents to $98.65 per barrel. Brent crude rose 41 cents to $116.64 per barrel in London. The Energy Information Administ…
Oil Prices Climb As Iran Threatens EU Supply Cut
NEW YORK (AP) — Oil prices are rising as Iran again threatens to cut off supplies to Europe. Iranian lawmakers are pushing a plan to stop exporting crude to Europe before the European Union begins an oil embargo this summer. The EU and the U.S. are pressuring Iran because of its nuclear progr…
Oil Prices Steady As Demand Falls In U.S.
NEW YORK (AP) — Oil prices are flat Wednesday following economic reports that showed U.S. factories are cranking into a higher gear while energy demand remains weak. Benchmark crude slipped 8 cents to $98.40 per barrel in New York. Brent crude rose $1.02 to $112 a barrel in London. Prices wav…
Oil Hovers Near $100 Amid Iran Tensions
BANGKOK (AP) — Crude prices were steady Friday amid a weaker U.S. dollar and expectations that Europe will be able to find oil elsewhere if Iran makes good on its threat to immediately halt exports to the region. Benchmark crude for March delivery was down 12 cents at $99.59 a barrel at late …
Oil Prices Fall As Greece Debt Talks Continue
Oil prices are falling as Greece’s debt negotiations spark new concerns about Europe’s financial problems. Benchmark oil fell $2.14, or 2.1 percent, to $98.25 per barrel Friday morning in New York. Brent crude fell $1.39 to $110.16 per barrel in London. Greece officials are working wit…
Oil Prices Climb On Improving U.S. Job Numbers
Oil prices are climbing after the government said the number of Americans seeking unemployment benefits dropped to its lowest point since April 2008. Benchmark oil rose 83 cents to $101.42 per barrel Thursday morning in New York. Brent crude rose 83 cents to $111.49 per barrel in London. The Labor D…
Oil Price Rises On Signs Of Improving U.S. Economy
WASHINGTON (AP) — Oil prices are rising on fresh signs of an improving U.S. economy that could lead to stronger demand for gasoline and other energy products. Benchmark oil rose 50 cents to $101.21 per barrel on Wednesday in New York. Brent crude fell 50 cents to $111.03 per barrel in London.…
Oil Prices Rise On China Economic Report
Oil prices rose Tuesday on signs that China, the world’s second-largest economy, may avoid a significant slowdown. China said its economy grew by 8.9 percent in the fourth quarter, which was slower than the previous quarter. Experts say that level is still robust. Retail and factory productio…

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