Prices

Oil

Oil prices steady as Ukraine crisis jitters ease

Oil prices were little changed Wednesday as concerns over Russia's military advance into Ukraine eased, but the situation remained tense overall.

Benchmark U.S. crude for April delivery was up 3 cents to $103.36 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.59 to close at $103.33 on Tuesday. Brent crude, used to set prices for international varieties of crude, shed 12 cents at $109.18 a barrel on the ICE exchange in London.

Oil

Oil drops as Putin comments cool Ukraine tension

The price of crude oil dropped sharply Tuesday after Russian President Vladimir Putin said his country was not seeking to escalate the conflict in Ukraine.

Benchmark U.S. crude for April delivery fell $1.59 to $103.33 a barrel on the New York Mercantile Exchange. On Monday, oil added $2.33 to close at $104.92. Brent crude, used to set prices for international varieties of crude, fell $1.90 to $109.30 a barrel on the ICE Futures exchange in London.

Oil

Crude oil drops after big jump over Ukraine crisis

The price of crude oil dropped Tuesday after a big jump a day earlier over jitters that Russia's military advance into Ukraine could result in economic sanctions against one of the world's major energy suppliers.

Benchmark U.S. crude for April delivery was down 1.1 percent at $103.77 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $2.33 to close at $104 on Monday. Brent crude, used to set prices for international varieties of crude, was down 73 cents at $110.47 a barrel.

Oil

Oil prices jump $2 a barrel on Russia sanctions fears

The price of oil jumped more than $2 a barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers.

In New York, benchmark U.S. crude for April delivery gained $2.33, or 2.3 percent, to close at $104.92 a barrel. Brent crude, a benchmark for international varieties of crude, rose $2.13, or 2 percent, to $111.20 on the ICE Futures exchange in London.

While oil rose and gold rose, stock markets sank over the prospect of violent upheaval in the heart of Europe. Russian troops controlled all Ukrainian border posts on the strategic peninsula of Crimea. Fears grew that the Kremlin might carry out more land grabs in pro-Russian eastern Ukraine, adding urgency to Western efforts to defuse the crisis.

Oil

Oil prices spike on Russia sanctions fears

Oil prices jumped by more than a dollar per barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers. Natural gas prices also surged at the prospect of a decrease in global supplies.

Benchmark U.S. crude for April delivery was up $1.54 to $104.13 per barrel in electronic trading on the New York Mercantile Exchange. The contract added 19 cents on Friday to close at $102.59. Brent crude, which is used to set prices for international varieties of crude, gained $1.62 to $110.69 on the ICE exchange in London.

Markets were responding as thousands of Russian troops solidified control over Crimea in the Ukraine. The U.S. warned Sunday that Moscow could face economic penalties unless it retreats.

Oil

Oil ends month with 5 percent gain

NEW YORK (AP) — The price of oil rose slightly Friday and finished the month with a gain of 5 percent.

Benchmark U.S. crude for April delivery rose 19 cents to close at $102.59 a barrel on the New York Mercantile Exchange. For all of February, oil gained $5.10 a barrel. U.S. refineries needed crude oil to make heating oil and diesel as frigid and stormy weather boosted demand.

Brent crude, which is used to set prices for international varieties of crude, rose 11 cents to $109.07 on the ICE Futures exchange in London.

Oil

US benchmark crude slips again on lower US demand

Source: 
Bloomberg

The price of U.S. benchmark crude continued to decline for a second straight day Friday on anticipation of a decline in U.S. demand for fuel, at $102.29 in electronic trading on the New York Mercantile Exchange at midday in Europe, Bloomberg reports.

Oil

Oil and natural gas down slightly; pump prices up

Energy markets were relatively tame Thursday, with both oil and natural gas showing small declines.

Benchmark U.S. crude for April delivery slipped 19 cents to close at $102.40 a barrel on the New York Mercantile Exchange.

Brent crude, which is used to set prices for international varieties of crude, was down 67 cents to $108.85 on the ICE Futures exchange in London.

Oil

Oil prices dip on expectations for reduced demand

Oil prices edged lower early Thursday as expectations for reduced demand due to warmer weather outweighed a smaller-than-expected increase in U.S. oil supplies.

Benchmark U.S. crude for April delivery was down 8 cents to $102.51 in electronic trading on the New York Mercantile Exchange. Brent crude, which is used to set prices for international varieties of crude, shed 26 cents to $109.25 on the ICE exchange in London.

The NYMEX contract had closed up 76 cents Wednesday at $102.59 after the U.S. Energy Department said crude oil supplies rose by 68,000 barrels last week, well below the increase of 1.5 million barrels expected by analysts surveyed by Platts. Supplies at the key storage point in Cushing, Okla., fell by 1.1 million barrels.

Oil

Oil gains as US supplies rise less than expected

NEW YORK (AP) — The price of oil rose Wednesday as U.S. oil supplies increased less than expected. But natural gas futures fell again on expectations for warmer weather by the middle of March.

Benchmark U.S. crude for April delivery rose 76 cents to $102.59 a barrel on the New York Mercantile Exchange.

Brent crude, which is used to set prices for international varieties of crude, gained 1 cent to $109.52 on the ICE Futures exchange in London.

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