Prices

Oil

Oil down as factory data, sanctions risk weighed

Oil prices edged slightly lower on Tuesday as soft factory data from China and the U.S. balanced the threat of sanctions against Russia following its annexation of the Crimean Peninsula.

Benchmark oil for May delivery was down 6 cents to $99.54 at 0610 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 14 cents to close at $99.60 on Monday.

Brent crude, used to set prices for international varieties of crude, slipped 15 cents to $106.66.

Oil

Oil rises slightly as Gulf waterway closes

NEW YORK (AP) — The price of oil edged higher Monday as traders waited to see how long a key transit route in the Gulf would be closed following an oil spill there.

Benchmark U.S. crude for May delivery rose 14 cents to close at $99.60 a barrel on the New York Mercantile Exchange. Brent crude, used to set prices for international varieties of crude, slipped 11 cents to $106.81 a barrel in London.

On Saturday, a barge carrying about 900,000 gallons of heavy oil collided with a ship in the Houston Ship Channel, spilling as much as 168,000 gallons into one of the world's busiest waterways. More than 80 ships have been forced to wait to enter or leave the bay.

Oil

Oil near $99 after China manufacturing drops

The price of oil fell slightly Monday following a drop in China's manufacturing.

Benchmark U.S. crude for May delivery was down 3 cents at $99.43 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 56 cents to $99.46 on Friday. Brent crude, used to set prices for international varieties of crude, fell 28 cents to $106.64 a barrel

The preliminary version of HSBC's purchasing managers' index for China released Monday showed manufacturing dropped to an eight-month low.

Oil

US average gas price rises 5 cents per gallon

LOS ANGELES (AP) — The average cost of a gallon of regular gasoline in the U.S. rose 5 cents, to $3.56, during the past two weeks.

That's according to a survey released Sunday.

Industry analyst Trilby Lundberg says the increase stems from a jump in the price of ethanol used to make gasoline.

Oil

Oil rises above $99 amid new sanctions on Russia

The price of oil rose above $99 a barrel on Friday as the U.S. and European Union expanded sanctions against Russia and warned of possible penalties against its energy industry.

Benchmark U.S. crude for May delivery rose 56 cents at settle at $99.46 a barrel in New York. The day before, it had dropped 27 cents.

Sanctions in response to Russia's annexation of the Crimean Peninsula from Ukraine grew to include a bank and 20 individuals considered close to Russian President Vladimir Putin. Individuals included his chief of staff, Sergei Ivanov, and Gennady Timchenko, a businessman with interests in the energy sector.

Oil

Oil falls to near $98 as demand crimped

The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive.

Benchmark U.S. crude for May delivery was down 58 cents at $98.32 a barrel at 0610 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped 27 cents to settle Thursday at $98.90.

Traders have zoomed in on data showing that U.S. crude supplies rose by nearly 6 million barrels in the week ended March 14. Oil production continues to rise, but refineries are converting less of it to gasoline and diesel because they're undergoing seasonal maintenance.

Oil

Oil, natural gas fall following supply reports

Oil and natural gas fell Thursday on concerns that demand for both is waning.

Benchmark U.S. crude for April delivery dropped 94 cents to $99.43 a barrel on the New York Mercantile Exchange. The contract expires Thursday. Most trading has moved to the May contract, which fell 27 cents at $98.90 a barrel. Brent crude, used to set prices for international varieties of crude, rose 60 cents to $106.45 a barrel.

Natural gas lost 12 cents to $4.37 per 1,000 cubic feet.

Oil

Oil edges higher on signs of stronger US demand

The price of oil extended gains Thursday, a day after rising for the first time in a week on signs of increased U.S. demand for gasoline and other fuels.

Benchmark U.S. crude for April delivery was up 27 cents to $100.64 a barrel at 0745 GMT in electronic trading on the New York Mercantile Exchange. The contract, which expires Thursday, gained 67 cents to $100.37 the day before. Most trading has moved to the May contract, which was up 11 cents at $99.28 a barrel.

Brent crude, used to set prices for international varieties of crude, was up 16 cents at $106.01 a barrel.

Oil

Oil above $100 on signs demand for fuel improving

The price of oil rose above $100 a barrel for the first time in a week Wednesday on signs of increased demand for petroleum products.

Benchmark U.S. crude for April delivery gained 67 cents to close at $100.37 a barrel on the New York Mercantile Exchange. The April contract expires Thursday and the more heavily-traded May contract rose 29 cents to $99.17.

Brent crude, used to set prices for international varieties of crude, fell 94 cents to $105.85 a barrel on the ICE Futures exchange in London.

Oil

Oil slightly lower ahead of US stockpiles report

The price of oil was down slightly Wednesday as energy markets waited for the latest figures on U.S. crude and fuel stockpiles.

Benchmark U.S. crude for April delivery declined 26 cents to $99.44 in electronic trading on the New York Mercantile Exchange. The contract gained $1.62 to $99.70 on Tuesday after strong U.S. factory data and an apparent easing in tensions over Ukraine. Thursday is the last day of trading for the April contract.

Brent crude, used to set prices for international varieties of crude, fell 2 cents to $106.77 a barrel on the ICE exchange in London.

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