Crude Futures Slip But Hold $104 a Barrel Level
LONDON — Crude-oil futures slipped from Wednesday’s surge but held above the USD 104 a barrel level in early action. Crude fell 50 cents to USD 104.02 a barrel. Oil futures were given an lift in the last session on a bullish inventory report, OPEC holding production unchanged and concerns over military conflict between oil […]
Oil Prices Climb Above $110 a Barrel
VIENNA, Austria — Oil prices rose slightly to near mid-USD 110 a barrel Friday after slipping from a record at midweek as investors locked in profits from a stronger U.S. bucks.
An unexpected decline in U.S. crude and gasoline inventories drove oil prices to a trading record of USD 112.21 a barrel on Wednesday amid […]
Crude Closes Up $5 To Surpass $104 For The First Time
SAN FRANCISCO — Crude-oil futures on Wednesday surged to close above USD 104 a barrel for the first time after data showed U.S. inventories fell unexpectedly and after the Organization of Petroleum Exporting Countries decided to keep its production levels unchanged. Crude for April delivery rallied USD 5, or 5%, to settle at USD 104.
Hess Oil Upgraded To Outperform From Market Perform At FBR
NEW YORK — Hess Oil received an upgrade to outperform from market perform at Friedman Billings Ramsey on Tuesday based on higher oil prices and production. “Hess stands out due to its strong growth prospects and attractive valuation,” analyst Eitan Bernstein said. He lifted his first half 2008 forecast for crude prices to USD 90 […]
Oil reaches new record high
VIENNA, Austria (AP) Oil prices topped USD 109 a barrel for the first time Tuesday as investors sought refuge from the anemic bucks.
Oil’s growing strength comes amid warnings that there are no signs of relief on the immediate horizon.
Speculation that rising prices for oil and other commodities will offset the falling bucks has driven […]
Oil Reaches Record High
NEW YORK — The surging price of oil reached another milestone Monday, jumping to an inflation adjusted record high of USD 103.95.
The weaker bucks that has propelled oil and other commodities prices higher sent light, sweet crude for April delivery past USD 103.76 a barrel on the New York Mercantile Exchange.
