Oil prices slide below $72 in afternoon European trade amid concerns of slowing US demandAugust 26th, 2009 Oil prices dip below $72 amid demand concernsLONDON — Oil prices slipped below $72 a barrel Wednesday, after tumbling more than 3 percent overnight, as investors expected inventory data from the U.S. to show demand remaining weak in the world's largest economy.
Shares of major oil companies tumble as crude prices decline with slumping consumer demandAugust 17th, 2009 Shares of oil majors tumble with crude pricesNEW YORK — Shares of major oil companies fell sharply on Monday, as crude oil prices tumbled amid new reports that signaled continued consumer spending restraint. Benchmark crude for September delivery at one point fell as much as 3 percent to $65.23 a barrel on the New York Mercantile Exchange.
Oil hovers above $69 in Asia amid forecasts for weak crude demand this yearAugust 12th, 2009 Oil hovers above $69 amid weak crude demandSINGAPORE — Oil prices hovered above $69 a barrel Wednesday in Asia after the U.S. and OPEC said global crude consumption will slump this year as economies struggle to emerge from recession.
Oil falls to $71 in European trade amid rising US inventories, signs of slower recoveryAugust 6th, 2009 Oil falls to $71 as US inventories riseNEW YORK — Oil prices fell to near $70 a barrel Thursday on more evidence of consumer anxiety and also growing supplies of unused crude and natural gas. Benchmark crude for September delivery fell 97 cents to $71 a barrel on the New York Mercantile Exchange.
Slide in commodity prices accelerates as doubts about economic recovery growJuly 8th, 2009 Commodities slide on doubts about economic reboundNEW YORK — Metals and energy prices are extending their losses amid growing anxiety about the potential for a quick and robust economic recovery. Investors are moving out of risky assets like commodities and stocks and seeking shelter in traditionally safe-haven investments such as the dollar and Treasurys.
Commodities fall as investors worry about pace of economy's recovery; oil, metals, grain slideJuly 7th, 2009 Commodities slide; Oil touches five-month lowNEW YORK — Commodity prices fell Monday as investors worried that the economy will take longer to recover than some investors have been betting. Oil prices slid to a five-week low after reaching an eight-month high above $73 last week.
Oil prices fall below $63 per barrel as recovery doubts lingerJuly 7th, 2009 Crude prices fall below $63 in extended sell-offNEW YORK — Oil prices fell for the fifth straight day Tuesday, with a barrel costing $10 less than it did just one week ago when crude hit a new high for the year. Benchmark crude for August delivery fell $1.27 to $62.78 a barrel on the New York Mercantile Exchange.
Gold prices slide to nearly 3 percent loss for the week amid increasing optimism about economyMay 2nd, 2009 Gold prices slide as safe-haven demand withersNEW YORK — Gold prices are lower amid increasing optimism about the economy. Other commodities, like oil and silver, are posting gains.
Aviation fuel prices raised againMarch 31st, 2009 NEW DELHI - After raising aviation turbine fuel (ATF) prices March 15 by about 1.69 percent, or Rs.162 per kilolitre (kl), state-run oil companies once again raised prices by an average of Rs 2,750 per kl. ATF will now cost around Rs.29,900 per kl, or about 10 percent more, industry source said.
Crude futures rebound as US stocks rallyFebruary 25th, 2009 NEW YORK - Crude oil prices rose Tuesday despite dim economic data as US stocks rallied from a 12-year low. A report from the Standard & Poor's Case-Shiller showed home prices tumbled by the sharpest annual rate on record in the fourth quarter and in December.
Crude prices jump after US House approves stimulus planFebruary 13th, 2009 NEW YORK - Crude prices jumped Friday after the US House of Representatives approved the $787-billion economic stimulus package. The package, which was approved without Republican support, includes more than $37.5 billion for energy infrastructure.
Indians wake up to fuel price cut good newsJanuary 28th, 2009 NEW DELHI - Indians woke up to some pleasant news Thursday with the prices of fuel being cut further as the government allowed its state-run petroleum retail companies to cut the prices of petrol, diesel and cooking gas late Wednesday night. Petrol will now be cheaper by Rs.5 a litre, diesel by Rs.
Crude oil prices plunge on weak US economic dataJanuary 27th, 2009 NEW YORK - Crude oil prices plunged nine percent Tuesday as weak US economic data raised investors' concerns on energy demand. US consumer confidence dropped to a record low in January, the Conference Board, an economic research group, said.
Fuel prices to be again cutJanuary 9th, 2009 MUMBAI - Another reduction in fuel prices is round the corner. In the next few weeks, petrol will be cheaper by Rs.5 a litre, diesel by Rs.3 a litre, and cooking gas (LPG) by Rs.20-25 a cylinder, Petroleum Minister Murli Deora said Saturday.
Crude oil prices drop amid falling US energy demandDecember 30th, 2008 NEW YORK - The prices of crude oil futures plunged Tuesday on account of the ongoing Middle East tension and falling energy demand in the US. US retail gasoline demand for the week ending Dec 26 dropped 3.8 percent from the same week a year ago, according to a MasterCard Spending Pulse report.
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