Search

Crude prices slid further on Wednesday after Opec said it would not increase production, a decision that traders had in fact come to expect before it was officially announced (p1). [...]

More than two months after the event, cash crude markets in the US Gulf Coast region appear to be feeling the ripples in world oil trade from Opec's September decision [...]

Oil's march toward $100 took a breather Thursday as crude futures ended lower for the second trading session after spending the ear- ly part of the day above the $97 [...]

Crude futures fell sharply Wednesday following the release of bearish US supply and demand data. The downward move followed fresh overnight highs that took the front-month futures contract to the [...]

As the giants of the oil industry are likely to fall short in meeting demand growth in the coming decades, investors searching for solid growth stocks should look to smaller [...]

An unexpected drop in US crude inventories due to weak imports pushed up oil futures prices, helping them to break a three-session losing streak. Nymex crude closed up $1.83 at [...]

Crude prices continued their slide from last week's all-time high above $90, a cooling that some analysts see as the start of a possible correction to oil's recent record-breaking run. [...]

As crude futures hit record highs on the trading floor and on computer screens last week, prices for sweets on the spot market were able to keep pace, giving some [...]

US crude futures continued their record-breaking run on Thursday. Extending the run to a fifth session, crude on the New York Mercantile Exchange (Nymex) hit an intraday peak of $89.56 [...]

US crude traded at record highs for the fourth straight trading session, moving up to almost $90 on Wednesday before closing slightly lower. Tight global supply in the face of [...]

Crude oil hit new highs on Tuesday for the third straight session in a bull market that most analysts are beginning to see as increasingly detached from supply-demand realities. In [...]

Crude futures lost more than $2 on the New York Mercantile Exchange (Nymex) on Monday with traders citing a stronger dollar and concerns about weakening demand as the key factors [...]

The price structure of the US crude futures market sent signals to spot buyers last week that they could save some money by waiting a little. As the prompt month's [...]

Oil prices slipped slightly Wednesday on an unexpected increase in US crude inventories and a strengthening dollar. The weekly petroleum report from the Energy Information Administration (EIA), closely watched by [...]

Growing domestic oil demand within the world's largest crude-producing countries will cut global exports by at least 2 million b/d by 2012, leaving Canada's oil sands to make up that [...]

Crude futures fell below $80 a barrel Tuesday as traders cashed in on oil's recent rally and Gulf of Mexico production ramped back up. Crude on the New York Mercantile [...]

Crude futures eased Monday after a tropical depression that threatened US Gulf of Mexico energy facilities passed without seriously damaging production or refining infrastructure. November crude on the New York [...]

Crude prices soared Thursday as the upward price pressure created by US Gulf of Mexico production shut-ins was magnified by frenzied trading ahead of the expiration of the front-month US [...]

Global oil prices hit fresh highs on Wednesday on hurricane worries and another big drop in US crude inventories. In the US, crude extended its series of record-setting sessions to [...]

Crude prices remained strong Thursday as Hurricane Humberto temporarily closed three large Gulf Coast refineries and shipping channels in the region. Light, sweet crude futures on the New York Mercantile [...]

Crude rebounded from morning losses to end higher on Friday. Prices dipped in the late morning on negative US employment numbers, but they rallied later with Nymex crude futures closing [...]

Geopolitical tensions and a drop in US crude inventories pushed oil futures higher on Thursday. Crude on the New York Mercantile Exchange (Nymex) closed above $76, its highest settlement price [...]

US crude futures rose above $75 a barrel on Tuesday on concerns about refinery outages and a tight cash market for gasoline. Strong fundamentals made up for any downward pressure [...]

Atlantic storm activity and an assurance that the US central bank will 'act as needed' to support the economy boosted crude futures to fresh four-week highs on Friday. Speeches by [...]

Crude and products prices shot higher Wednesday on a large drop in US crude and gasoline stocks, likely due to import disruptions caused by Hurricane Dean last week. The 3.5 [...]

US crude futures rose on Friday for a second straight day on stronger gasoline prices and a stock market rally triggered by welcome economic data. Prices also picked up in [...]

Hurricane threats and a refinery blaze combined with waning fears of a financial implosion and economic recession to drive up US crude prices by nearly a dollar on Friday. The [...]

Crude futures fell hard Thursday as fears sparked by the US credit market crisis continued to spill over into the commodities market and the first tropical storm to hit the [...]

US crude futures gained some stability Monday from a calmer equities market and the short-lived specter of a tropical storm heading towards the US Gulf Coast. Crude's advance early in [...]

Crude continued its slide Thursday, partly on demand concerns as the US economy fell further into the sub-prime mortgage morass. Crude futures on the New York Mercantile Exchange (Nymex) lost [...]

Energy prices continued to cool Wednesday as crude futures fell despite bullish data showing that stocks of crude and gasoline contracted last week while refinery runs and gasoline demand also [...]

Crude futures closed slightly higher Tuesday after four straight days of losses. After spending most of the trading day in a downward slide that began Friday, New York Mercantile Exchange [...]

Crude futures tanked Monday as funds sold off the long positions they picked up last week when US crude prices hit historic highs. New York Mercantile Exchange (Nymex) September crude [...]

The day after prices hit an all-time high then tumbled, crude futures rose again slightly Thursday as US Energy Secretary Samuel Bodman signaled more oil was needed from Opec. Bodman [...]

Crude prices ended lower Wednesday after reaching new highs in the morning. The early and short-lived rally--triggered by a hefty drop in US crude inventories and a strong rebound in [...]

Crude prices ended lower Thursday despite an early surge that sent the light, sweet crude contract on the New York Mercantile Exchange (Nymex) above $77. Prices eventually tumbled by more [...]

Crude oil futures on the New York Mercantile Exchange (Nymex) made further gains on Thursday, reacting to production cuts in Angola and robust economic growth in China, traders said. Supply [...]

Gasoline contracts on the New York Mercantile Exchange (Nymex) were sold off heavily in the past week and traders said that traditional forces were at play, as abundant supply in [...]

Oil futures rallied on Friday to finish off a week of gains at fresh 11-month-highs. North Sea production cuts and forecasted global demand growth set off speculative buying that sent [...]

The August Brent contract on ICE Futures jumped to over $77 per barrel Thursday in intraday trading, as a strong rally was helped by North Sea oil production outages caused [...]

Gasoline, considered a driving force in the recently bullish crude futures markets, took a hit Wednesday on news of a significant bump in US gasoline inventories and expectations that supply [...]

Strengthening gasoline futures on Tuesday took over from fund buying as the key driver of the rally in crude futures prices, pushing the light, sweet crude August contract on the [...]