Oil prices mixed on bleak economic outlook

Oil prices were mixed in Asian trade on Monday on continuing worries about the weak global economy, analysts said. New York’s main futures contract, light sweet crude for February delivery, was down 27 cents to 40.56 dollars a barrel on the New York Mercantile Exchange. Brent North Sea crude for February [more...]

Date: 2009-01-12 06:48:19

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Oil prices end tumultuous year on calm note, down slightly

Oil prices ended the year on a calm note on Wednesday, ... -year lows. New York’s main futures contract, light sweet crude for February delivery, eased 13 ... torrid few months, a hell of a lot of uncertainty,” said Mark Pervan, senior commodities analyst for ANZ [more...]

Date: 2008-12-31 06:48:11

Oil rises above $58 on heating oil, gas futures

Light, sweet crude for December delivery gained 60 cents to $58.20 a barrel on the New York Mercantile Exchange. Jim Ritterbusch, president of energy consultants Ritterbusch and Associates, said oil prices have been driven recently by equity and currency markets, but it appears some fundamentals are now driving price movement [more...]

Date: 2008-11-17 19:10:24

Crude continues with its upward journey

Mid East tension takes crude higher by more than 9% in two sessionsOngoing conflicts at Middle East, ... prices higher on Monday, 05 January, 2009.On Monday, crude-oil futures for light sweet crude ... is up 11.1% and heating oil is up 9.1%.February natural-gas futures rose 1.7% to $6.072 per million British [more...]

Date: 2009-01-06 03:14:00

Crude drops for fifth straight day

Prices drop by more than 7% on demand concernsAfter rallying for four previous sessions, ... Monday, crude-oil futures for light sweet crude for February delivery closed at $37.59/barrel (lower ... reformulated gasoline sank 2.4% to $1.0841 a gallon, while February heating oil lost 2.1% to $1.4877 [more...]

Date: 2009-01-13 02:42:00

Crude continues to drop

Prices drop by 12% last week on dour economic dataAfter rallying for four previous sessions, crude oil prices ended lower for the fourth consecutive day today on Friday, 09 January, 2009 ... , crude-oil futures for light sweet crude for February delivery closed at $40.83/barrel (lower by $0.87 [more...]

Date: 2009-01-12 02:24:00

Crude rises

Crude registers biggest yearly drop in CY 2008Ongoing conflicts at Middle East, ... -oil futures for light sweet crude for February delivery closed at $46.34/barrel (higher by $1.74 ... production cut ever.Against this background, February heating oil rose 2.6% to $1.4803 a gallon. February [more...]

Date: 2009-01-05 04:12:00

Oil Prices Fell to Close to $US40 as Gold Price Rises

Oil prices fell to close to $US40 on Friday after a highly volatile trading week as new US data showed rising unemployment and deepening recession in the world’s biggest oil consuming nation. The benchmark contract, light sweet crude ... futures added 0.0805 cents to $US1.5595 a pound. [more...]

Date: 2009-01-12 01:09:58

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