Archive for the 'Oil News' Category

Jul 20 2010

Oil hovers below $77 amid mixed signs on economy

Published by admin under Oil News

Oil prices hovered below $77 a barrel Tuesday as traders awaited corporate earnings reports for clues about the strength of the global economy and the outlook for energy demand.
By early afternoon in Europe, benchmark crude for August delivery was down 18 cents to $76.36 a barrel in electronic trading on the New York Mercantile Exchange [...]

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Apr 22 2010

Oil prices extend losses

Published by admin under Oil News

Crude oil prices fell as fresh concerns over Europe’s economy spooked the markets and overshadowed a slew of upbeat corporate earnings. Crude for June delivery dropped $1.05 to $82.63 a barrel.
A spate of mostly upbeat earnings reports in the U.S. helped to boost oil prices, after they fell 3% last Friday on the Goldman Sachs [...]

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Feb 06 2010

Oil falls toward $70 a barrel

Published by admin under Oil News

Oil prices ended the week at the lowest level in nearly two months, weighed down by a stronger dollar and persistent doubts about the health of the global economy. Crude prices have now dropped more than 14 percent since cresting at a 15-month high of $83.18 a barrel on Jan. 6.
Energy prices were propped up [...]

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