Prices

Oil

Oil price slips below $102 a barrel

The price of oil slipped below $102 a barrel on Friday, falling for a second day after spiking on lower U.S. inventories and tensions in the Ukraine and the Middle East.

Benchmark U.S. crude for September delivery was down 10 cents to $101.97 at 0555 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped $1.05 to close at $102.07 a barrel on Thursday.

Brent crude, a benchmark for international oils, rose 13 cents to $107.20 in trading on the ICE exchange in London.

Oil

Oil falls on worries about US gasoline demand

The price of oil fell near $102 a barrel Thursday, erasing gains from the day before.

Benchmark U.S. crude for September delivery dropped $1.05 to $102.07 a barrel on the New York Mercantile Exchange. On Wednesday, the Nymex contract gained 73 cents after the Energy Department reported a far larger drop in U.S. crude inventories than what analysts had expected.

Brent crude for September delivery, a benchmark for international oils, fell 96 cents to $107.07 on the ICE Futures exchange in London.

Oil

Oil drifts down despite China manufacturing bounce

The price of oil fell Thursday, giving back part of its sizeable jump the day before, despite improvement in Chinese manufacturing.

Benchmark U.S. crude for September delivery was down 16 cents at $102.96 a barrel at 0650 GMT in electronic trading on the New York Mercantile Exchange. The contract gained delivery gained 73 cents to $103.12 on Wednesday after data released by the Energy Department Wednesday showed a drop in U.S. crude inventories that was more than double what analysts had expected.

Brent crude for September delivery, a benchmark for international oils, was down 14 cents to $107.89 on the ICE Futures exchange in London.

Oil

Oil gains on sharp drop in US supplies

The price of oil rose Wednesday after the government reported that U.S. oil supplies rose more than expected.

The benchmark U.S. oil contract for September delivery gained 73 cents to $103.12 a barrel on the New York Mercantile Exchange. Brent crude for September delivery, a benchmark for international oils, rose 70 cents to $108.03 on the ICE Futures exchange in London.

The Energy Department reported that U.S. oil supplies fell by 4 million barrels last week, a sharper decline than the 2.6 million barrels expected by analysts surveyed by Platts, the energy information arm of McGraw-Hill Financial.

Oil

Oil falls to near $102 amid Gaza peace efforts

The price of oil retreated to near $102 per barrel on Wednesday amid a new push for a cease-fire between Israel and Palestine and after Europe imposed additional sanctions on Russia that fell short of a heavy hit.

U.S. benchmark oil for September delivery was down 34 cents to $102.07 a barrel at 0850 GMT in electronic trading on the New York Mercantile Exchange. The contract slipped 47 cents to $102.39 on Tuesday.

Brent crude for September delivery, a benchmark for international oils, was up 9 cents to $107.43 on the ICE exchange in London.

Oil

Geopolitical tensions seen keeping oil prices high

The price of oil fell slightly Tuesday but experts see geopolitical tensions preventing any significant short-term declines.

U.S. benchmark crude for August delivery fell 17 cents to $104.42 a barrel on the New York Mercantile Exchange. The more heavily traded September contract slipped 47 cents to $102.39.

Brent crude for September delivery, a benchmark for international oils, dropped 35 cents to $107.33 on the ICE Futures exchange in London.

Oil

Oil gains further on concerns over Ukraine, Gaza

The price of oil rose above $103 a barrel Tuesday on persisting jitters over the situation in Gaza and the standoff over the shooting down of a Malaysian airliner in Ukraine.

U.S. benchmark crude for September delivery was up 21 cents to $103.06 a barrel at 0615 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 91 cents to $102.86 on Monday. The August contract, which expires Tuesday, was up 41 cents at $105.00 a barrel.

Brent crude for September delivery, a benchmark for international oils, gained 3 cents to $107.71 on the ICE exchange in London.

Oil

Oil prices jump above $104; natural gas sinks

The price of oil rose more than a $1 for the third time in the last four trading days, and closed above $104 for the first time since July 3.

Benchmark U.S. crude for August delivery rose $1.46 to $104.59 on the New York Mercantile Exchange. On Friday, the Nymex contract fell 6 cents to $103.13. Oil has gained 4.6 percent over the past four trading sessions.

Brent crude for September delivery, a benchmark for international oils, gained 44 cents to $107.68 on the ICE exchange in London.

Oil

Oil prices ease but remain elevated

Oil prices fell further Monday as concern about Ukraine eased but still were elevated on anxiety about the Middle East. Prices rose last week on fears stemming from the escalating crisis in Ukraine and Israel's offensive in Gaza, though analysts said the likelihood of disruption in supplies was small.

Benchmark U.S. crude for August delivery was down 32 cents to $102.81 per barrel at 0730 GMT in electronic trading on the New York Mercantile Exchange. That added to a 6 cent decline on Friday to $103.13.

Brent crude for September delivery, a benchmark for international oils, gave up 30 cents to $106.94 on the ICE exchange in London.

Oil

Oil price remains high on global turmoil

NEW YORK (AP) — The price of oil retreated slightly Friday but remained elevated because of political turmoil around the world.

Concern that conflicts and rising tensions in the Ukraine and the Middle East could disrupt supplies sent oil prices higher this week, though the world appears to have an ample supply of crude and supplies have not been affected.

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