SINGAPORE (AP) — Oil prices rose slightly above $103 a barrel Monday in Asia amid signs China's economic growth remains strong.
Benchmark oil for May delivery was up 22 cents to $103.24 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 24 cents to settle at $103.02 per barrel in New York on Friday.
Oil prices edged up slightly Friday after diving more than two dollars a barrel the previous day on signs that the U.S. and other countries could soon release some emergency reserves to keep prices from rising.
Benchmark oil for May delivery rose 24 cents to finish at $103.02 per barrel on the New York Mercantile Exchange. That's about 4 percent lower than the beginning of this month, when it was close to $109 a barrel.
SINGAPORE (AP) — Oil prices dwelled near six-week lows Friday in Asia amid signs Western powers plan to release strategic crude reserves soon.
Benchmark oil for May delivery was up 63 cents to $103.41 a barrel in electronic trading on the New York Mercantile Exchange. The contract dived $2.63 to settle at $102.78 per barrel in New York on Thursday.
NEW YORK (AP) — Natural gas prices tumbled to a 10-year low Thursday after a surprising jump in U.S. supplies.
The futures price dropped sharply in New York after the government reported that natural gas inventories expanded well beyond what analysts expected. The country's total supply grew by 57 billion cubic feet last week to a level that's now 59 percent above the five-year average.
The Wall Street Journal reports that Iran's oil exports apparently declined this month as new sanctions loom, and shipments are expected to slow further if President Barack Obama on Friday, as expected, lets economic sanctions stand.
SINGAPORE (AP) — Oil hovered above $105 a barrel Thursday in Asia, capped by the possible release of crude reserves by Western nations.
Benchmark oil for May delivery was down 3 cents to $105.38 at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell $1.92 to settle at $105.41 per barrel in New York on Wednesday.
NEW YORK (AP) — Oil prices dropped 2 percent Wednesday amid indications that Western nations may be considering a release of oil reserves onto the world market. In the U.S., the supply of oil is already ample, and growing.
Benchmark U.S. crude fell $2.27 to $105.07 per barrel in New York while Brent crude lost $1.67 to $123.87 per barrel in London.
Oil prices fell to near $106 a barrel Wednesday in Asia after a report showed a larger-than-expected jump in U.S. crude supplies, suggesting demand remains weak.
Benchmark oil for May delivery was down 84 cents to $106.49 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract was up 30 cents to settle at $107.33 per barrel in New York on Tuesday.
Brent crude for May delivery was down 93 cents at $124.61 per barrel in London.
Natural gas prices fell again Tuesday amid doubts that consumers, businesses or industry can put a significant dent in the huge surplus of the fuel in the U.S.
Natural gas futures fell 1.8 cents to $2.21 per 1,000 cubic feet after dropping 5 cents on Monday. That's a 10-year low and half of what natural gas was fetching back in July. Oversupply and mild winter weather have contributed to the plunge.
SINGAPORE (AP) — Oil prices fell below $107 a barrel Tuesday in Asia as an agreement between Iran and six world powers to meet next month raised hopes of a negotiated resolution to a dispute over the Middle Eastern country's nuclear program.
Benchmark oil for May delivery was down 26 cents to $106.77 in electronic trading on the New York Mercantile Exchange. The contract was up 16 cents to settle at $107.03 per barrel in New York on Monday.
Liberal watchdog group Checks and Balances Project said the State Department inspector general is investigating potential conflicts of interests in the department's environmental review of the Keystone XL pipeline, The Hill reports.