Prices

Oil

Oil higher on stockpile drop

Source: 
Reuters

A greater-than-expected decline in crude stockpiles reported by the Energy Information Administration Wednesday helped push oil prices up. U.S. benchmark crude gained 15 cents to $94.01 a barrel after settling 51 cents higher on the Nymex Tuesday, while in London Brent crude for October delivery rose 21 cents to $102.71, Reuters reports.

Oil

Oil gains on rise in U.S. data

Source: 
Bloomberg

News of strong consumer confidence numbers, an increase in durable goods orders and an expectation of a stockpile drop sent oil higher Tuesday. West Texas Intermediate crude rose 58 cents to $93.93 a barrel on the Nymex, while in London Brent crude gained 17 cents to $102.82, Bloomberg reports.

Oil

Oil decline continues despite geopolitical concerns

Source: 
Reuters

Oil prices were still sinking Monday as crude was continuing to flow despite the ongoing conflicts in Iraq and Libya, although analysts predicted further significant declines were unlikely. U.S. benchmark crude was 47 cents lower to $93.18 a barrel, while Brent crude lost 18 cents to $102.11 toward the end of the European trading day, Reuters reports.

Oil

Oil drops again despite Ukraine tensions

Source: 
Reuters

Even with Russia sending a convoy of trucks into Ukraine Friday, oil prices continued to decline as there’s been no evidence of any disruption in supply. U.S. benchmark crude for October delivery slipped 31 cents to settle at $93.65 a barrel on the Nymex, a drop of 3.9 percent on the week, while in London Brent crude ended 34 cents lower at $102.29, Reuters reports.

Oil

Oil down again as traders wait on Yellen

Source: 
Bloomberg

Oil prices were slipping Friday morning ahead of remarks by Federal Reserve chair Janet Yellen which were being watched for signals about any potential interest rate increase. West Texas Intermediate crude for October delivery was 39 cents lower to $93.57 a barrel in electronic trading on the Nymex, while in London Brent crude dropped 29 cents to $102.34, Bloomberg reports.

Oil

Oil higher on stronger US economic stats

Source: 
Bloomberg

Stronger U.S. economic data Thursday – more home sales, fewer jobless claims and a higher manufacturing index – pointed to increasing demand, which boosted oil prices. West Texas Intermediate crude gained 51 cents to settle at $93.96 a barrel on the New York Mercantile Exchange, while in London Brent crude ended the trading session 35 cents higher to $102.63, Bloomberg reports.

Oil

Plentiful supply, lower demand pressure oil prices

Source: 
Reuters

Oil prices have resumed slipping on strong supplies and data showing slowing Chinese factory output in August, a warning of lower demand. U.S. benchmark crude stood around 70 cents down at $92.75 a barrel in electronic trading on the Nymex, while in London Brent crude dropped 90 cents to $101.38, Reuters reports.

Oil

Oil jumps on drop in crude stocks

Source: 
Reuters

Data from the Energy Information Administration showing a 4.5 million barrel decline in U.S. crude stocks last week fuelled a rise in prices as the front month contract expired. West Texas Intermediate crude for September delivery jumped $1.59 to settle at $96.07 a barrel on the New York Mercantile Exchange, the October contract gained 59 cents to close at $93.45 and in London October Brent ended 72 cents higher at $102.28, Reuters reports.

Oil

Oil rebounds ahead of supply report

Source: 
Bloomberg

Oil was rising Wednesday as traders anticipated the day’s data would reveal a stockpile decline and speculated that recent price drops have been excessive. West Texas Intermediate crude for October delivery gained 26 cents to $93.12 a barrel in electronic trading on the Nymex while the expiring September contract jumped $1.77 to $96.25, and in London October Brent was up 72 cents to $102.28, Bloomberg reports.

Oil

Oil dropping again ahead of contract expiration

Source: 
Bloomberg

A day before the September contract expires, West Texas Intermediate Crude slumped $1.93, or 2 percent, to settle at $94.48 a barrel on the New York Mercantile Exchange, while the October contract dropped 89 cents to $92.86. In London October Brent edged 4 cents lower to $101.56, Bloomberg reports.

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