Prices

Oil

Oil slumps on high production, Greek default

Source: 
Reuters

The Greek debt default and gains in U.S. crude stocks and production were pressuring oil prices early Wednesday. U.S. benchmark crude dropped 94 cents to $58.53 a barrel in electronic trading on the Nymex, while in London Brent fell 78 cents to $62.81, Reuters reports.

Oil

Oil jumps on Iran talks extension

Source: 
The Wall Street Journal

The decision to extend the deadline on Iran's nuclear talks helped support oil prices Tuesday, which finished with a 25 percent overall gain in the second quarter. U.S. benchmark crude for August delivery soared 2 percent, rising $1.14 to $59.47 a barrel on the Nymex, while in London Brent jumped 2.5 percent to $63.59, The Wall Street Journal reports.

Oil

Oil slips on Greek woes

Source: 
Reuters

Continuing concerns about the future of Greece in the European Union were weighing on oil prices early Tuesday. U.S. benchmark crude lost 14 cents to $58.19 a barrel in electronic trading on the Nymex, while in London Brent dropped 3 cents to $61.98, Reuters reports.

Oil

Oil slips on Greece banking issues

Source: 
Reuters

Crude oil prices slid further on Monday as traders looked to avert risks due to bank shutdowns in Greece and the slip in the deadline in nuclear talks with Iran, Reuters reports. Brent crude fell $1.20 to $62.02 a barrel, while U.S. crude dropped $1.30 to settle at $58.33 a barrel.

Oil

Oil slips on Greece bank shutdowns, controls

Source: 
Reuters

Concerns over bank shutdowns and new capital controls in Greece drove down oil prices early Monday, Reuters reports. Brent crude fell $1.66 to $61.60 a barrel, the lowest since June 5, while U.S. crude fell $1.40 to $58.23 a barrel, the lowest price since June 9.

Oil

Survey: US gasoline prices down 2 cents in the past 2 weeks

CAMARILLO, Calif. (AP) — The average price of gasoline has dropped 2 cents over the past two weeks to $2.85 a gallon.

Industry analyst Trilby Lundberg said Sunday that the decline comes amid a 42-cent jump recorded over the previous nine weeks.

Oil

Iran talks have crude investors least bullish since April

Source: 
Bloomberg

Nuclear talks with Iran have hedge funds less bullish on crude oil prices than they've been in 10 weeks, cutting their net-long wages on West Texas Intermediate by 1.3 percent in the week that ended June 23, Bloomberg reports.

Oil

Oil prices flat as summer demand trumps Iran, Greece fears

Source: 
The Wall Street Journal

Oil prices were largely unchanged Friday as investors looked to higher summer demand to offset fears of Greek financial woes and a nuclear deal with Iran, The Wall Street Journal reports. Brent crude rose 24 cents to settle at $63.26 a barrel while U.S. crude dropped 7 cents to $59.63 per barrel.

Oil

Oil slips with negotiations on Iran, Greece

Source: 
Reuters

Oil fell within expected trading ranges early Friday as investors anticipate the outcome of nuclear talks with Iran and Greek debt negotiations. Brent crude was down 20 cents to $63.00 in London, while U.S. crude was down 25 cents to $59.45.

Oil

Oil lower on supplies of refined products

The price of oil fell Thursday on continuing concerns that high supplies of gasoline and diesel will keep a lid on crude demand.

Benchmark U.S. crude fell 57 cents to close at $59.70 a barrel in New York. Brent crude fell 29 cents to close at $63.20 in London.

In other futures trading on the NYMEX, wholesale gasoline fell 1.9 cents to close at $2.037 a gallon. Heating oil fell 1.4 cents to close at $1.862 a gallon. Natural gas rose 9.1 cents to close at $2.850 per 1,000 cubic feet.

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