Prices

Oil

Oil prices higher on Ukraine concerns

Source: 
Bloomberg

Word from Ukraine that it attacked and destroyed vehicles in a convoy coming from Russia sent oil prices soaring Friday. West Texas Intermediate crude for September delivery gained $1.77, or 1.9 percent, to settle at $97.35 a barrel on the Nymex, while in London October Brent crude jumped $1.46 to $103.53, a day after the September contract closed at a 13-month low, Bloomberg reports.

Oil

Oil steady on ample supply

Source: 
Reuters

With no fresh threats to supply on the horizon to worry traders, oil prices remained steady Friday morning. U.S. benchmark crude slipped 10 cents to $95.48 a barrel in electronic trading on the Nymex, while in London the October contract for Brent crude edged 20 cents higher to $102.27, after the September contract settled Thursday at a 13-month low of $102.01, Reuters reports.

Oil

Oil still tumbling on US stockpile increase, prospects of more Libya oil

Source: 
Bloomberg

With the crude market “oversupplied” -- as one analyst put it -- there was little propping up prices Thursday. West Texas Intermediate for September delivery plummeted $2.01 to $95.58 a barrel on the New York Mercantile Exchange, the lowest close since January, while in London September Brent crude plunged $2.27 to $102.01 a barrel, the lowest settlement on a front month contract since June, 2013, Bloomberg reports.

Oil

Oil resumes drop on ample supply, low demand expectation

Source: 
Reuters

Strong crude supplies – accentuated by the Energy Information Administration’s report of a stockpile build last week – coupled with fresh word of stalled economic growth in Europe put downward pressure on prices again Thursday. U.S. benchmark crude fell 12 cents to $97.47 a barrel in electronic trading on the Nymex, while in London Brent crude for September delivery slipped 16 cents to $104.12, Reuters reports.

Oil

Oil gains on concerns correction went too far

Source: 
Bloomberg

Oil rebounded Wednesday on fears recent price drops were too dramatic given the present state of global uncertainty, despite data showing stocks increased last week. West Texas Intermediate crude for September delivery gained 22 cents to settle at $97.59 a barrel on the New York Mercantile Exchange, while in London Brent crude jumped $1.26 to $104.28, Bloomberg reports.

Oil

Oil drops again on strong supply, weaker China demand

Source: 
Reuters

With the world appearing to be awash in oil and demand in China slipping in July, prices were dropping again Wednesday. U.S. benchmark crude was down 17 cents to $97.20 a barrel in electronic trading on the Nymex, while in London Brent crude for September delivery fell for a fourth straight day, trading 24 cents lower to $102.78, Reuters reports.

Oil

Oil prices slide on IEA report

Source: 
Bloomberg

A report from the International Energy Agency which points to ample crude supplies and lessening oil demand sent prices tumbling Tuesday. West Texas Intermediate crude fell 71 cents to $97.37 a barrel in trading on the New York Mercantile Exchange, while in London Brent crude dropped 1.6 percent to settle at a 13-month low, down $1.66 to $103.02, Bloomberg reports.

EnergyGuardian
Oil

EIA: Gas prices will drop through December

The Energy Department's statistics wing on Tuesday offered drivers who have enjoyed declining gasoline prices more good news: The pain at the pump should continue to lessen.

In its monthly short term energy outlook, the Energy Information Administration said the prime driver of gasoline costs, crude oil prices, should remain steady for the rest of the year despite record U.S. refinery demand.

Oil

Oil down on IEA report of ample supply

Source: 
Reuters

Oil prices dropped Tuesday on the International Energy Agency report of strong supplies despite continuing conflicts in Iraq and Ukraine, with an increase in OPEC production in July of 300,000 barrels a day. U.S. benchmark crude fell 68 cents to $97.40 a barrel in electronic trading on the Nymex, while in London Brent crude was 69 cents lower to $103.99, according to Reuters.

Oil

WTI up on anticipation of lower stockpiles

Source: 
Bloomberg

U.S. oil gained Monday as increased refinery production is expected to have an impact on inventories. Benchmark West Texas Intermediate crude for September delivery was up 43 cents to settle at $98.08 a barrel on the Nymex, while in London Brent crude dropped 34 cents to $104.68, Bloomberg reports.

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