Tag: Price of Oil
Oil drops on bigger US stocks, tempered by Alberta oil sands area wildfires
“Oil prices could receive support from the wildfires in the Canadian oil province of Alberta” LONDON, May 4 (Reuters) – Oil prices pared gains on Wednesday as a bigger than expected gain in U.S. crude stocks tempered concerns about reduced production in Canada’s oil sands region due to a wildfire. U.S. crude stocks grew by […]
Jobs report released, oil prices up; energy and metal stocks surge
Oil prices rose to $35.91 a barrel in New York on Friday, Brent crude up to $38.68 NEW YORK _ Stocks are rising Friday for a fourth day straight after the U.S. government said employers added more jobs than expected in February. Energy and metals prices are gaining ground on the latest sign of strength […]
As oil prices stabilize, increase slightly, stocks snap higher
Oil prices moved higher Tuesday NEW YORK _ Stocks roared to their best day in more than a month Tuesday as investors hit the “buy” button following some encouraging signs of strength in the U.S. economy. Construction spending reached its highest level in eight years in January. Banks, the worst-performing sector of the market so […]
Rising oil prices help US stocks post solid gain
Oil prices surge Thursday afternoon NEW YORK _ A late-day surge pushed U.S. stocks sharply higher Thursday, propelled by a recovery in energy companies and bank stocks, which have been hit hard this year. Investors were also encouraged by positive economic data, including improved orders for long-lasting goods that served as a sign that businesses […]
Oil prices surge, pushing energy and materials stocks higher
Oil prices up Monday morning NEW YORK _ Stocks are jumping Monday as the price of oil surges, lifting energy stocks as well as mining and chemicals companies. The stock market is coming off its best week of the year and has recovered its losses from earlier in the month. KEEPING SCORE: The Dow Jones industrial […]
Oil prices drop after International Energy Agency forecast demand decline
Oil prices lowest since early 2009 PARIS _ The price of oil is falling further after the International Energy Agency forecast a decline in demand. The U.S. benchmark rate was down 21 cents on Friday at $36.55 a barrel, its lowest since early 2009, when the global economy was sinking into recession. The IEA said […]
Oil prices up: Air strikes in Yemen lead supply disruption fears
Oil prices up 5 per cent Oil prices rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted. Saudi Arabia and other Gulf states launched strikes on key military installations in Yemen. They aim to oust Shiite rebels who forced […]
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