Prices

Oil

Oil inches lower on strong dollar

Source: 
Reuters

A strong dollar was adding extra pressure on oil prices early Friday as the differential between domestic and international crude continued to narrow. U.S. crude for November delivery was 8 cents lower at $90.93 a barrel in electronic trading on the Nymex, while in London Brent dropped 35 cents to $93.07, Reuters reports.

Oil

Oil mixed, lowest US discount in 13 months

Source: 
Bloomberg

With Saudi Arabia’s announcement of a lower official price still unsettling the market, oil has begun to rebound after a sharp plunge. West Texas Intermediate crude for November delivery ended Thursday’s session on the Nymex 28 cents higher at $91.01 a barrel, while in London Brent crude lost 74 cents to $93.42, with the $2.41 difference between the two the smallest since August 2013, Bloomberg reports.

Oil

Oil sliding on Saudi price cut

Source: 
Reuters

Saudi Arabia’s move to cut its official crude price has sent oil prices tumbling early Thursday. U.S. benchmark crude sank $2.00 to $88.73 a barrel in electronic trading on the Nymex, while in London Brent crude plunged $2.15 to $92.01, Reuters reports.

Oil

Oil mixed on shrinking stockpiles, Saudi price drop

Source: 
Reuters

An unexpected report of lower crude stockpiles last week pushed oil up Wednesday, while an announcement from Saudi Arabia of a drop in its official price fuelled bearish sentiment. U.S. benchmark crude gained 43 cents to settle at $90.73 a barrel on the Nymex, while in London Brent crude finished down 51 cents to $94.16, Reuters reports.

Oil

Oil steadies following major drop

Source: 
Bloomberg

Ahead of the weekly stockpile report issued Wednesday, oil was trading slightly higher the day after a big plunge. West Texas Intermediate crude for November delivery was up 43 cents to $91.59 in electronic trading on the Nymex, while in London Brent climbed 19 cents to $94.86, Bloomberg reports.

Oil

Falling gasoline prices drag oil lower

Source: 
Bloomberg

A drop in RBOB gasoline futures on retirement of the October contract helped crude prices slide again Tuesday. West Texas Intermediate crude plunged $3.41 to $91.16 a barrel on the Nymex -- the biggest single day loss in 22 months and the lowest settlement in 16 months – while in London Brent crude fell $2.53 to $94.67, Bloomberg reports.

Oil

Oil higher on consumer spending data

Source: 
Reuters

Positive consumer spending data helped push oil prices higher early Tuesday, although benchmark crude is looking likely to rack up its largest quarterly drop in some two and a-half years. U.S. prices were 19 cents higher to $94.76 a barrel in electronic trading on the Nymex, while in London Brent gained 32 cents to $97.52, Reuters reports.

Oil

Oil gains on higher gasoline prices

Source: 
Reuters

Oil prices increased Monday as refinery maintenance shutdowns have begun pushing gasoline prices higher. U.S. benchmark crude for November delivery jumped $1.03 to settle at $94.57 a barrel on the Nymex, while in London Brent crude inched up 20 cents to $97.20, Reuters reports.

Oil

Oil drops on strong dollar, rate speculation

Source: 
Bloomberg

The strong dollar and increasing speculation that the Federal Reserve might increase interest rates pressured oil prices early Monday. West Texas Intermediate crude for November delivery was 37 cents lower at $93.17 a barrel in electronic trading on the Nymex, while in London Brent crude dropped 73 cents to $96.27, Bloomberg reports.

Oil

Oil gains on U.S. growth numbers

Source: 
Bloomberg

A Commerce Department report of a sizeable expansion of the U.S. economy in the second quarter fueled a rise in oil prices Friday. West Texas Intermediate crude for November delivery jumped 1.1 percent, gaining $1.01 to settle at $93.54 a barrel on the Nymex, while in London Brent crude was unchanged at $97, leaving the smallest spread between the two in a year, Bloomberg reports.

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