Prices

Oil

Oil higher on Greek proposals

Source: 
Reuters

Proposals from Greece to resolve the country’s financial crisis helped to boost oil early Monday, although the global supply glut continued to weigh on prices, Reuters reports. U.S. benchmark crude for July delivery gained 44 cents to $60.05 a barrel in electronic trading on the Nymex, while August Brent rose 30 cents to $63.32 in London.

Oil

Oil back below $60 on Greek worries, profit taking

Source: 
Reuters

Concerns about the Greek financial crisis alongside profit taking and a slowdown in the decline of active U.S. rigs pushed oil prices lower Friday, resulting in a loss for the week. U.S. benchmark crude ended 84 cents lower to settle at $59.61 on the Nymex, while in London, Brent tumbled $1.24, or 1.9 percent, to $63.02, Reuters reports.

Oil

Oil falls on Greek worries, shale output

Source: 
Reuters

Oil prices dropped early Friday amid signs of continuing strong U.S. shale production and concerns about the impact of the Greek financial crisis on European oil demand. U.S. benchmark crude dropped 44 cents to $60.01 a barrel in electronic trading on the Nymex, while in London Brent fell 42 cents to $63.84, Reuters reports.

Oil

Oil over $60 on dollar drop, crude draw

Source: 
Reuters

With the dollar falling in the wake of the Federal Reserve’s failure to give a clear signal on interest rates and Genscape reporting a draw in crude at the Cushing hub, oil prices finished higher for a third day in a row. U.S. benchmark crude rose 53 cents to settle at $60.45 a barrel on the Nymex, while in London, Brent gained 39 cents to $64.26, Reuters reports.

Oil

Gas-price jump pushes consumer prices up 0.4 pct in May

WASHINGTON (AP) — Consumer prices increased in May by the largest amount in more than two years, reflecting the biggest one-month jump in gas prices in nearly six years. But outside of energy, price pressures remained modest.

The consumer price index rose 0.4 percent in May, the biggest advance since February 2013, the Labor Department reported Thursday. The increase was driven by a 10.4 percent rise in the cost of gasoline, which has started climbing after nearly a year of falling energy prices.

Oil

Oil higher as dollar drops

Source: 
The Wall Street Journal

Oil prices gained early Thursday on the back of a weaker dollar and mixed data on inventories, according to The Wall Street Journal. U.S. benchmark crude for July delivery was up 64 cents to $60.56 a barrel in electronic trading on the Nymex, while in London Brent rose 92 cents, or 1.4 percent, to $64.79.

Oil

Oil little changed despite volatile trading

Source: 
Reuters

An uncertain stance from the Federal Reserve about its future plans for interest rates triggered volatile price swings in oil Wednesday. U.S. benchmark crude for July delivery ended the session 5 cents lower to $59.92 a barrel on the Nymex, while in London, August Brent gained 17 cents to $63.87, Reuters reports.

Oil

Oil jumps back over $60 on growing demand, shrinking stockpiles

Source: 
Reuters

Data from the American Petroleum Institute indicating a drop in crude stockpiles and gasoline inventories helped push oil prices higher early Wednesday. U.S. benchmark crude for July delivery gained 83 cents to $60.80 a barrel, while in London August Brent soared 99 cents to $64.69, Reuters reports.

Japan trade deficit narrows in May on lower oil costs

TOKYO (AP) — Japan's trade deficit narrowed sharply in May from a year earlier because of lower costs for imported oil and gas, but exports also slowed as demand softened in China.

The Finance Ministry said Wednesday that the deficit in May was 216 billion yen ($1.7 billion), compared with 917.2 billion yen a year earlier but exceeding the 55.8 billion yen deficit in April.

Oil

Oil mixed on Texas storm, supply glut

Source: 
Reuters

The arrival of Tropical Storm Bill pushed U.S. oil prices higher Tuesday, while Brent was pressured by continuing evidence of a global crude glut. West Texas Intermediate crude for July delivery gained 45 cents to settle at $59.97 on the Nymex, while in London, August Brent lost 25 cents to $63.70, Reuters reports.

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