Prices

Oil

US stocks move higher as the price of crude oil stabilizes

NEW YORK (AP) — Stocks rose for a second day on Tuesday, helped by a stabilization in crude oil prices. The modest recovery in U.S. benchmark crude prices gave energy and materials stocks a lift.

West Texas Intermediate crude for February delivery closed up 33 cents to $36.14 a barrel on the New York Mercantile Exchange. But Brent crude, which is used to price international oils, was down 24 cents to $36.11 a barrel in London. 

Oil

Oil creeps up after slide

Source: 
Reuters

Traders cashing in ahead of the upcoming holiday helped bring oil prices back from multi-year lows early Tuesday, but gains were constrained by continuing oversupply fears. West Texas Intermediate crude picked up 32 cents to $36.13 a barrel in electronic trading on the Nymex, while in London Brent rose 17 cents to $36.52, Reuters reports.

Oil

Oil price slide, Clean Power Plan top Texas energy stories in 2015

Source: 
The Texas Tribune

The Texas Tribune ranks the crash in oil prices as the top energy story in 2015, followed by the Obama administration’s Clean Power Plan with its potential to shake up the electricity sector, and the state move to tie local hands on drilling regulation.

Oil

Oil down on gloomy supply news

Source: 
The Wall Street Journal

Signs of strong American and Saudi production—regardless of the worldwide supply glut—kept the pressure on oil prices Monday, with Brent falling to its lowest price in 11 years and U.S. crude briefly touching levels not seen since 2009. Brent lost 53 cents, settling at $36.53 a barrel, while light, sweet crude for January delivery -- the expiring contract -- was up just a penny to finish at $34.74 a barrel, The Wall Street Journal reports.

Oil

Energy stocks hit again by oil slide

NEW YORK (AP) — Stocks posted moderate gains in a quiet trading day Monday, recovering part of their losses sustained late last week, although energy stocks continued to be a drag on the market as the price of oil fell once again.

Oil's continued decline brought it near levels not seen since the financial crisis. U.S. benchmark crude fell 25 cents, or 0.7 percent, to settle at $35.81 a barrel. Brent crude, which is used to price international oils, was down 53 cents, or 1.4 percent, to $36.35 a barrel.

Oil

Oil slumps on supply glut, Brent at 11-year low

Source: 
Reuters

The continuing boost in global production that keeps building supplies sent oil prices sliding again early Monday. Brent crude was 41 cents lower at $36.47 a barrel—a level not seen since 2004, while U.S. benchmark crude fell 31 cents to $34.42, Reuters reports.

Oil

Survey: Gasoline prices still falling as crude oil nosedives

CAMARILLO, Calif. (AP) — The price of gasoline nationwide keeps dropping.

Industry analyst Trilby Lundberg said Sunday that the average price of regular gas fell 4 cents in the past two weeks, to $2.06 per gallon. That's the lowest price since April 2009.

Oil

Oil prices finish down for third straight week

Source: 
Reuters

Oil prices ended lower Friday and racked up their third weekly loss in a row after an unexpected jump in the rig count, Reuters reports. West Texas Intermediate crude fell 22 cents to $34.73 on the Nymex, while in London Brent dropped 18 cents to $36.88.

Oil

No $100 oil, but prices should bounce back some: OPEC

Source: 
The Wall Street Journal

In extracts from its World Oil Outlook, published Friday, OPEC predicted that oil prices won’t rise back to $100 a barrel in the long term, figuring on $70 by 2020, The Wall Street Journal reports.

Oil

Oil down on glut concerns

Source: 
The Wall Street Journal

Russia's unwillingness to reduce production plus fears of weaker demand because of warmer winter weather dragged oil prices down early Friday. West Texas Intermediate crude fell 43 cents to $34.52 a barrel in electronic trading on the Nymex, while London Brent dropped 21 cents to $36.85, The Wall Street Journal reports.

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