Prices

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.

Oil

Oil gains most in 2 weeks on US factory data

 The price of oil rose the most in two weeks Tuesday after strong U.S. factory data.

Benchmark U.S. crude for April delivery gained $1.62 to $99.70 on the New York Mercantile Exchange. It was oil's biggest gain since March 3.

Brent crude, used to set prices for international varieties of crude, gained 55 cents to $106.79 on the ICE Futures exchange in London.

Oil

US consumer prices tick up just 0.1 percent, lower energy offsets higher food

WASHINGTON (AP) — Cheaper energy kept U.S. consumer prices in check last month, despite a big rise in the cost of food, the latest sign that inflation is tame.

The consumer price index rose 0.1 percent in February, matching January's increase, the Labor Department said Tuesday. In the past 12 months, prices have risen just 1.1 percent, down from 1.6 percent in January and the smallest yearly gain in five months.

Oil

Oil prices gain on US economic outlook

The price of oil edged up Tuesday as strong U.S. factory output boosted the outlook for the world's biggest economy.

Benchmark U.S. crude for April delivery was up 15 cents to $98.23 a barrel at 0915 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 81 cents to $98.08 on Monday. Brent crude, used to set prices for international varieties of crude, gained 46 cents to $106.70 on the ICE exchange in London.

Data from the Federal Reserve showed that U.S. factory output in February rose at its fastest clip in six months after disruptions from severe winter weather.

Oil

Oil down near $98 after Crimea votes to split from Ukraine

The price of oil fell Monday near $98 a barrel after Crimea voted to split from Ukraine and join Russia, a development already anticipated by investors. The vote triggered sanctions by the EU and U.S. against Russia, but none that affected the country's energy industry.

Benchmark U.S. crude for April delivery fell 81 cents to close at $98.08 on the New York Mercantile Exchange.

Brent crude, used to set prices for international varieties of crude, dropped $1.97 to $106.24 on the ICE Futures exchange in London.

Oil

Oil down after Crimea votes to split from Ukraine

Oil prices were slightly lower Monday after Crimea's vote to split from Ukraine and join Russia.

Benchmark U.S. crude for April delivery was down 9 cents to $98.80 a barrel at 0715 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 69 cents to close at $98.89 on Friday.

Brent crude, used to set prices for international varieties of crude, was down 21 cents to $108 on the ICE exchange in London.

Oil

Oil prices edge up ahead of Crimea secession vote

The price of oil rose Friday on concerns that tensions could rise in the Russia-Ukraine situation with this weekend's referendum on Crimean secession.

But oil still finished the week down more than 3 percent, largely because traders are concerned about the strength of demand from China.

Benchmark U.S. crude for April delivery rose 69 cents to close at $98.89 a barrel on the New York Mercantile Exchange. For the week, oil lost $3.69 a barrel, or 3.6 percent. Brent crude, used to set prices for international varieties of crude, rose $1.18 to $108.57 on the ICE Futures exchange in London.

Oil

Oil prices slightly higher on US data

Oil prices edged slightly higher on Friday but remained under $100 a barrel as traders weighed whether an apparent pickup in the U.S. economy could spur enough demand to offset a slowdown in China and tension in the Ukraine.

Benchmark U.S. crude for April delivery was up 2 cents to $98.22 a barrel at 0920 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 21 cents to close at $98.20 on Thursday.

Brent crude, used to set prices for international varieties of crude, was up 5 cents to $106.97 on the ICE exchange in London.

Oil

Oil rises; natural gas slumps; pump price at $3.50

The price of oil got a slight boost from positive U.S. economic data Thursday, while natural gas hit a nearly two-month low.

Meanwhile, the average price for a gallon of gasoline at the nation's gas stations reached $3.50 for the first time since Sept. 18, according to AAA.

Benchmark U.S. crude for April delivery rose 21 cents to $98.20 a barrel on the New York Mercantile Exchange. On Wednesday, the Nymex contract fell $2.04 to close at $97.99, its first close below $100 in a month. Brent crude, used to set prices for international varieties of crude, dropped 63 cents to $107.39 on the ICE Futures exchange in London.

Oil

Average pump price over $3.50 for 1st time in 6 months

Source: 
FuelFix

A jump in the nationwide average price for a gallon of gasoline in the last few weeks has sent it over the $3.50 mark for the first time since September, according to AAA, which notes that price is still lower than it was a year ago, FuelFix reports.

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