Oil rises above $72 in Asia as US crude inventories drop, dollar weakensSeptember 10th, 2009 Oil rises above $72 as US crude inventories plungeSINGAPORE — Oil prices rose above $72 a barrel Friday in Asia as a drop in U.S. crude inventories suggested demand may be picking up.
Oil climbs to near $72 in midday European trade as dollar falls, OPEC keeps output unchangedSeptember 10th, 2009 Oil climbs to near $72 amid weak dollarLONDON — Oil prices rose to almost $72 a barrel Thursday, helped by a weaker U.S. dollar, steady OPEC production levels and a new report predicting a less severe slump this year in global oil demand.
Oil rises as dollar falls, forecast for improved demand; OPEC keeps output unchangedSeptember 10th, 2009 Oil edges higher on weak dollar, forecastOil prices edged higher Thursday on a weaker U.S. dollar, OPEC's decision to maintain production levels and a new report that says the slump in global oil demand will not be as bad as initially feared.
Kuwaiti oil minister says OPEC production target revision not needed nowSeptember 9th, 2009 Kuwait: No need for OPEC output cutVIENNA — Kuwait's oil minister says OPEC's markets monitoring committee will recommend the 12-member producer group keep its output targets unchanged when it meets Wednesday. Sheik Ahmed Al Abullah Al Sabah says, however, that members of the Organization of Petroleum Exporting Countries need to boost compliance with earlier cuts.
OPEC keeps oil output steadySeptember 9th, 2009 VIENNA - The Organisation of the Petroleum Exporting Countries decided Wednesday to leave its current production levels unchanged, Algerian Energy and Mines Minister Chakib Khelil said after the cartel's meeting in Vienna. So far, OPEC countries have implemented only 70 percent of production cuts decided last year, which total 4.2 million barrels per day.
Oil rises to above $70 in afternoon European trade on rising stocks, weaker dollarSeptember 8th, 2009 Oil above $70 as rising stocks boost confidenceOil prices gained over $2 Tuesday, surging past $70 a barrel Tuesday on rising stock markets and investor interest in commodities as the U.S. dollar lost ground against other currencies.
Oil rises to near $70 in afternoon European trade on rising stocks, weaker dollarSeptember 8th, 2009 Oil near $70 as rising stocks boost confidenceOil prices rose to near $70 a barrel Tuesday, buoyed by rising stock markets and investor interest in commodities as the U.S. dollar lost ground against other currencies.
Oil shoots above $71 as weak dollar, strong stocks boost commoditiesSeptember 8th, 2009 Oil shoots above $71 a barrel on weak dollarCrude prices settled above $71 a barrel Tuesday as a falling dollar pushed investors to seek out commodities such as oil and gold. Benchmark crude for October delivery gained $3.08 to settle at $71.10 a barrel on the New York Mercantile Exchange.
Oil hovers near $71 in Asia as investors eye weakening US dollar, OPEC meetingSeptember 8th, 2009 Oil hovers near $71 amid weakening US dollarOil prices hovered near $71 a barrel Wednesday after a weakening U.S. dollar sent crude soaring overnight and as an OPEC meeting was expected to announce no change in production levels.
Oil hovers near $68 in Asia for fifth day as US summer driving season sendsSeptember 7th, 2009 Oil near $68 as US summer driving season endsSINGAPORE — Oil prices hovered near $68 a barrel Tuesday in Asia for a fifth day as the U.S. summer driving season wound down and OPEC planned to meet Wednesday.
Oil rises near $69 in afternoon European trading ahead of this week's OPEC meetingSeptember 7th, 2009 Oil up near $69 ahead of OPEC meetingOil prices climbed to near $69 a barrel Monday, helped by rising equity markets, a weaker U.S. dollar and expectations that OPEC will keep its members' output levels steady at this week's meeting.
Oil steady near $68 in Asia for fourth day ahead of this week's OPEC meetingSeptember 6th, 2009 Oil clings near $68 ahead of OPEC meetingOil prices stayed near $68 a barrel for the fourth straight day on Monday as OPEC was expected to keep its members' output levels steady at this week's meeting. By midday in Europe, benchmark crude for October delivery was up 37 cents to $68.39 a barrel in electronic trading on the New York Mercantile Exchange.
Energy group sees rising world oil demand, productionAugust 12th, 2009 PARIS - Amid signs of a world economy now righting itself, the International Energy Agency (IEA) Wednesday raised its projections for world oil demand and output this year and in 2010. The Paris-based group said it expected demand this year to average 83.9 million barrels per day (b/d), some 190,000 b/d higher than what the IEA had projected just last month.
Oil climbs above $72 in Asia on investor optimism for an economic recoveryJune 11th, 2009 Oil climbs above $72 on economic recovery hopesSINGAPORE — Oil prices climbed above $72 a barrel Thursday in Asia as investor optimism about a global economic recovery pushed crude to fresh highs for the year. Benchmark crude for July delivery rose was up 72 cents at $72.05 by early afternoon Singapore time in electronic trading on the New York Mercantile Exchange.
Oil falls to near $50 as OPEC says prices too low for investment in productionApril 27th, 2009 Oil falls to near $50 as OPEC says prices too lowSINGAPORE — Oil prices fell toward $50 a barrel Monday in Asia as investors mulled comments from OPEC suggesting the price was too low for companies to justify new investments in crude production. Benchmark crude for June delivery was down $1.12 to $50.43 a barrel by midmorning in Singapore, in electronic trading on the New York Mercantile Exchange.
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