Prices

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.

Oil

Cheap fuel, record harvest holding down inflation

Source: 
Bloomberg

Consumers are benefitting from lower prices on a host of items as a commodity slump – in energy and certain crops in particular – sets in, Bloomberg reports.

Oil

Iran asks OPEC to act on oil prices

Source: 
Reuters

OPEC should cut production to halt the recent slide in oil prices, Iranian oil minister Bijan Zanganeh was quoted as saying on the ministry website Shana, Reuters reports.

Oil

Oil steady but poised for big monthly loss

Source: 
Reuters

“Abundant” supplies and weaker demand pressure continued to keep a lid on oil prices early Friday despite coalition air strikes against Islamic State oil installations in Syria, analysts told Reuters. U.S. benchmark crude gained 32 cents to $92.85 a barrel in electronic trading on the Nymex, while in London Brent crude was up just 2 cents to $97.02.

Oil

Oil mixed on strong supplies, strong dollar

Source: 
Reuters

Oil prices got support Thursday from news that Libyan production is climbing even as the dollar hit a four-year high. West Texas Intermediate crude slipped 27 cents to settle at $92.53 a barrel on the Nymex, while in London Brent crude finished 5 cents higher at $97.00 despite wide swings during the trading day, Reuters reports.

Oil

Prices at the pump head below $3 in much of US

NEW YORK (AP) — The price of a gallon of gasoline may soon start with a "2'' across much the country.

Gasoline prices typically decline in autumn, and this year they are being pulled even lower by falling global oil prices. By the end of the year, up to 30 states could have an average gasoline price of less than $3 a gallon.

Oil

Oil edges lower following big jump

Source: 
Bloomberg

Oil inched down early Thursday but looked set to keep most of the gains racked up a day earlier on news of a supply drop. West Texas Intermediate crude for November delivery was down 14 cents to $92.66 a barrel in electronic trading on the Nymex, while in London Brent crude lost 25 cents to $96.70, Bloomberg reports.

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