Business / Tags / Barrel

+9
Important
100% Credible

Oil soars to new record over $135

BUSINESS / NEWS Thu May 22, 2008 @ 8:22am neoform
BBC News -- Oil prices hit a record high above $135 a barrel on Thursday, having rocketed by more than $4 a barrel on Wednesday. US light, sweet crude for July delivery reached $135.09, taking its gain for the year so far above 40%. The main driver was the US c.. Read More
+8
Important
100% Credible

Oil hits record high above $103

BUSINESS / NEWS Fri Feb 29, 2008 @ 8:12am neoform
CNN -- Oil prices briefly surpassed $103 a barrel for the first time Friday as persistent weakness in the U.S. dollar and the prospect of lower interest rates attracted fresh money to the oil market. Light, sweet crude for April delivery on the New York Mercanti.. Read More
+7
Important
100% Credible

Oil prices steady above $97

BUSINESS / NEWS Fri Nov 23, 2007 @ 8:22am neoform
CNN -- Oil prices were little-changed Friday as the market turned its attention to OPEC for signals on whether the cartel will raise production to ease record prices. Light, sweet crude for January delivery added 14 cents to $97.43 a barrel in electronic trading.. Read More
+10
Important
90% Credible

Soaring oil climbs past $96 mark

BUSINESS / NEWS Thu Nov 1, 2007 @ 8:20am neoform
BBC News -- Oil prices have continued their unremitting climb, passing the $96 a barrel mark after figures showed a surprise fall in US crude reserves. US light crude rose as high as $96.24 in Asian trading on Thursday morning before falling back to $96.05. Tra.. Read More
+7
Interesting
90% Credible

Crude oil surges to new record

BUSINESS / NEWS Tue Oct 16, 2007 @ 8:17am neoform
MSNBC -- Oil prices surged more than $1 a barrel to new intraday highs Tuesday on fears Turkey will pursue Kurdish rebels into Iraq and disrupt oil supplies in the region. A weak U.S. dollar, low U.S. crude inventories and increased buying by investment funds a.. Read More
+1
Under Rated

The Oil Bubble Loses Some Air

BUSINESS / NEWS Wed Nov 14, 2007 @ 8:14am neoform
BusinessWeek -- After weeks of setting records near $100 per barrel, oil prices retreat. Analysts wonder whether this is the start of a bigger tumble The hot money that tested crude oil's highs is staging a rapid retreat. Oil futures have dipped 5.3% over the past two.. Read More
+1
Under Rated

Stocks Stage Late Rally

BUSINESS / NEWS Wed Nov 7, 2007 @ 8:17am neoform
BusinessWeek -- Investors shrugged off rumors of a Goldman Sachs writedown to do some bargain hunting. Oil pushed ever closer to $100 per barrel Stocks moved higher Tuesday on some good news from technology, energy and agricultural stocks. The market's late-day rally.. Read More
+1
Under Rated

Oil falls from record high

BUSINESS / NEWS Wed Oct 17, 2007 @ 8:18am neoform
CNN -- Oil prices have fallen in Asia from a trading record of over $88 a barrel yesterday. The drop came amid expectations that a U.S. fuel report due today will show U.S. crude and gasoline stocks rose last week. Prices remain supported by concerns that a T.. Read More
+1
Under Rated

Oil price up on US supply slump

BUSINESS / NEWS Thu Sep 6, 2007 @ 3:43pm neoform
BBC News -- Oil prices rose above $77 a barrel on Thursday as official data showed that US reserves of crude and petrol had fallen more heavily than expected. Dwindling hopes of a rise in output from next week's meeting of producers cartel Opec, also pushed up pri.. Read More
+2
Interesting

Oil falls on weather, Iran bristles at sanctions

BUSINESS / NEWS Tue Dec 26, 2006 @ 6:18pm izgood
www.fxstreet.com -- LONDON, Dec 26 (Reuters) - Oil plunged over a dollar to less than $61 a barrel on Tuesday, extending losses last week, as mild weather in the United States curbed demand for winter fuel... Read More
+2
Under Rated

Crude ends nearly 3% lower as IEA trims 2006 global-demand view

BUSINESS / NEWS Sat Nov 11, 2006 @ 10:37am neoform
Market Watch -- Crude-oil futures fell under $60 a barrel Friday to close with a loss of nearly 3% for the session after the International Energy Agency trimmed its 2006 global oil-demand growth forecast, citing lower third-quarter demand from China and some industrializ.. Read More
+2
Under Rated

Oil rises ahead of OPEC meeting

BUSINESS / NEWS Thu Oct 19, 2006 @ 10:59am neoform
CNN -- Oil climbed to $58 on Thursday on expectations that OPEC would cut production by at least 1 million barrels per day, the first reduction in more than two years... Read More
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