Archive for September, 2009

Crude prices rise after EIA US inventories numbers

Crude oil prices rose significantly Wednesday after the US Energy Information Administration released its weekly inventories report, which showed that gasoline stockpiles were lower in the week ending 25 September. Gasoline inventories dropped by 1.6 million barrels in the US last week, against an expected rise of 1.2 million barrels, sending prices higher even though crude

New York, London oil prices fall

Crude oil prices were a bit lower, dropping in both New York and London Tuesday as worries over the Iran situation took a back seat to continuing concerns about demand after some analysts said the dispute between Iran and the west over nuclear installations in Iran would not likely produce supply disruptions. November contracts for West

Crude oil rises as metal prices remain mixed

The price of crude oil was up Monday ahead of a number of new reports on issues such as US unemployment, home prices, and consumer confidence, while the retail price of gasoline in the US dropped below $2.50 per gallon for the first time in two months. November contracts for West Texas Intermediate crude were up

Crude oil prices rise slightly; metals mixed

The price of crude oil ended slightly higher in New York Friday on new tensions over Iran’s nuclear enrichment program after US President Barack Obama criticized Iran for “breaking rules” in delaying notification to the International Atomic Energy Agency of a new uranium enrichment plant it is building. The US and some other Western nations believe

Crude oil, metals prices in more substantial declines

Crude oil prices took another big drop Thursday as the US dollar strengthened and after the National Association of Realtors said that US existing home sales dropped by 2.7 percent in August, casting doubt on just how fast and how far the economy has recovered and will continue to recover. November contracts for West Texas Intermediate

Crude prices fall on new EIA data

Crude oil prices were lower Wednesday after the US Energy Information Administration said in its weekly US inventories report that crude oil, gasoline and distillates supplies were all higher last week. November contracts for West Texas Intermediate crude had dropped $2.80 near the close of floor trade to $68.96 per barrel on the New York Mercantile

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