Oil price

Oil

Oil prices fall 2 percent

NEW YORK (AP) — Oil prices fell Monday on concerns about the economic recovery.

West Texas Intermediate, the U.S. benchmark crude, fell $1.92 to $101.39 per barrel in afternoon trading on the New York Mercantile Exchange.

Oil

Oil drops to near $102 ahead of Iran nuclear talks

SINGAPORE (AP) — Oil prices fell to near $102 a barrel Monday in Asia amid hopes international talks this week may help avoid military action over Iran's nuclear program.

Benchmark oil for May delivery was down $1.19 to $102.12 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract added $1.84 to settle at $103.31 in New York on Thursday. The global oil market was closed Friday for the Good Friday holiday.

Oil

Industry claims on oil, gas price are held up to the light

Source: 
The Washington Post

The Washington Post reports that claims made by the American Petroleum Institute about speculation, expectations and oil prices do not hold up well as absolutes and are countered by studies.

Oil

Natural gas dips after US supplies grow

NEW YORK (AP) — The price of natural gas fell Thursday after the government reported a surprisingly large increase in supply.

Natural gas gave up 5.3 cents to $2.088 per 1,000 cubic feet in New York. Prices have tumbled this year to levels last seen a decade ago because of a production boom that's kept the nation well stocked in gas.

Oil

Oil rises above $102 in Asia after sell-off

SINGAPORE (AP) — Oil prices rose above $102 a barrel Thursday in Asia, rebounding from a two-day sell-off fueled by a jump in U.S. crude supplies and speculation the Federal Reserve won't implement another round of monetary stimulus to boost economic growth.

Benchmark oil for May delivery was up 82 cents to $102.29 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell $2.54 to settle at $101.47 per barrel in New York on Wednesday.

Oil

Oil drops below $102 on big US supply increase

Oil dropped more than 2 percent Wednesday after the government said U.S. supplies of crude keep growing.

The Energy Department's Energy Information Administration said crude supplies rose by 9 million barrels, or 2.5 percent, to 362.4 million barrels. That's more than 1 percent above year-ago levels

Oil

Oil falls below $104 as US crude supplies jump

SINGAPORE (AP) _ Oil prices fell below $104 a barrel Wednesday in Asia after a report showed a larger than expected U.S. crude supply jump, suggesting demand may remain weak.

Benchmark oil for May delivery was down 48 cents to $103.53 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell $1.22 to settle at $104.01 per barrel in New York on Tuesday.

Brent crude for May delivery was down 20 cents at $124.66 per barrel in London.

Oil

Sen. Nelson urges federal regulator to crack down on oil speculators

Source: 
The Hill

Sen. Bill Nelson, D-Fla., in a letter to President Obama, urged the head of the Commodity Futures Trading Commission to install new regulations in an effort to curb speculation driving up oil prices, The Hill reports. 

Oil

Oil near $105 as US, China economies show strengt

SINGAPORE (AP) — Oil prices fell slightly to below $105 a barrel Tuesday in Asia after surging the previous day on signs of improving economic growth in U.S. and China.

Benchmark oil for May delivery was down 37 cents to $104.86 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $2.21 to settle at $105.23 per barrel in New York on Monday.

Oil

Oil rises on bullish US manufacturing data

NEW YORK (AP) — The price of oil is climbing on reports that U.S. factories have cranked into a higher gear.

Benchmark U.S. crude increased Monday by $1.61 to $104.63 per barrel in afternoon trading on the New York Mercantile Exchange. Brent crude rose by $1.55 cents to $124.43 per barrel in London.

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