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23rd June 2011

Oil Settles above $95 a Barrel

Posted by blogwriter

Oil prices rose Wednesday June 22. 2011 after the Federal Reserve acknowledged that U.S. economic growth has slowed but should pick up again soon. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude rose $1.24 to settle at $95.41 per barrel.

Gasoline gained 9.07 cents to settle at $2.9733 a gallon.

Heating oil picked up 6.49 cents to settle at $2.9549 a gallon.

Natural gas fell 7.1 cents to settle at $4.317 per 1,000 cubic feet.

On the ICE Futures exchange: Read more »

16th June 2011

Oil Falls as Dollar Strengthens Against Currencies

Posted by blogwriter

Oil dropped more than 2 percent Wednesday June 15, 2011 as the dollar strengthened and investors shrugged off an unexpectedly large decline in crude supplies.

Benchmark West Texas Intermediate crude for July delivery fell $2.20, or 2.2 percent to $97.17 per barrel in midday trading on the New York Mercantile Exchange. In London, Brent crude fell $3.55, or 3 percent, to $115.90 per barrel on the ICE Futures exchange. Read more »

13th June 2011

Oil falls to near $98 on Saudi Crude Output Boost

Posted by blogwriter

Oil prices fell to near $98 a barrel Monday June 20, 2011, extending a big loss from Friday after a report said Saudi Arabia plans to boost its crude production.

By early afternoon in Europe, benchmark oil for July delivery was down $1.13 to $98.16 a barrel in electronic trading on the New York Mercantile Exchange. The contract lost $2.64 to settle at $99.29 on Friday.

In London, Brent crude for July delivery was up 20 cents to $118.98 a barrel on the ICE Futures exchange. Read more »

9th June 2011

Oil Rises on Concerns About Future Supplies

Posted by blogwriter

Oil climbed above $102 per barrel Thursday June 9, 2011 as investors focused on how the world would meet energy demand in coming months.

Benchmark West Texas Intermediate crude for July delivery rose $1.48 to $102.25 per barrel in midday trading on the New York Mercantile Exchange. Read more »