Oil rises to above $67 in Asia despite increase in US crude inventoriesSeptember 30th, 2009 Oil above $67 in Asia despite high inventoriesSINGAPORE — Oil prices rose above $67 a barrel Wednesday in Asia despite an increase in U.S. crude inventories for a third week, which suggests consumer demand remains weak.
Oil falls to near $71 in Asia as stockpiles linger despite economic recovery signsSeptember 21st, 2009 Oil falls to near $71 in Asia amid weak demandBANGKOK — Oil prices fell to near $71 a barrel Monday in Asia as high crude stockpiles and weak demand tempered enthusiasm about recent signs of improvement in the world's largest economy. Benchmark crude for October delivery was down 88 cents at $71.16 a barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
Oil falls below $72 in Asia as stockpiles linger despite economic recovery signsSeptember 21st, 2009 Oil falls below $72 in Asia amid weak demandBANGKOK — Oil prices fell below $72 a barrel Monday in Asia as high crude stockpiles and weak demand tempered enthusiasm about recent signs of improvement in the world's largest economy. Benchmark crude for October delivery was down 40 cents at $71.64 a barrel by midday Bangkok time in electronic trading on the New York Mercantile Exchange.
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 rises to near $70 in Asia as US crude inventory drop suggest demand may be reboundingAugust 19th, 2009 Oil rises to near $70 on US crude inventory dropSINGAPORE — Oil prices rose to near $70 a barrel Wednesday in Asia, rallying for a second day after U.S. crude inventories unexpectedly fell last week.
Oil falls below $69 in Asia amid regional stock selloffAugust 19th, 2009 Oil falls below $69 after Asian stock selloffSINGAPORE — Oil prices fell below $69 a barrel Wednesday in Asia following a selloff in regional stock markets. Benchmark crude for September delivery was down 58 cents to $68.61 a barrel by late afternoon in Singapore in electronic trading on the New York Mercantile Exchange.
Oil drops to near $69 in Asia amid forecasts for weak crude demand this yearAugust 12th, 2009 Oil drops to near $69 amid weak crude demandSINGAPORE — Oil prices dropped to near $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 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 extends rally to above $67 in Asia as stocks jump, fueling optimism on economyJuly 31st, 2009 Oil extends rally to above $67 as stocks jumpSINGAPORE — Oil prices jumped above $67 a barrel Friday in Asia, extending a big rally from the previous day as surging stock markets fueled investor optimism. Benchmark crude for September delivery was up 62 cents to $67.56 a barrel by midday Singapore time in electronic trading on the New York Mercantile Exchange.
Oil falls below $66 in Asia as consumer confidence drop, inventories point to weak US demandJuly 29th, 2009 Oil falls below $66 on US consumer confidence dropVIENNA AP) — Oil prices fell below $66 a barrel Wednesday, reflecting weak demand outlook shown by a drop in U.S. consumer confidence and rising crude inventories.
Oil falls below $67 in Asia as consumer confidence drop, inventories point to weak US demandJuly 29th, 2009 Oil falls below $67 on US consumer confidence dropSINGAPORE — Oil prices fell below $67 a barrel Wednesday in Asia as a drop in U.S. consumer confidence and rising crude inventories painted a weak demand outlook.
Crude supplies drop more than expected, gas and distillate inventories jump more than expectedJune 24th, 2009 Crude supplies drop more than expectedNEW YORK — Crude inventories dropped more than expected last week, while gasoline inventories soared, the government said Wednesday. U.S. crude supplies decreased by 3.8 million barrels, or 1.1 percent, to 353.9 million barrels, which is 18.8 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
Oil slips below $68 in Asia as rally loses some steamJune 8th, 2009 Oil slips below $68 in AsiaBANGKOK — Oil prices slipped below $68 Monday in Asia as a rally that has roughly doubled the price of crude in four months lost some steam in the face of economic reality. Benchmark crude for July delivery was down 49 cents at $67.95 a barrel by midday Bangkok time in electronic trading on the New York Mercantile Exchange.
Oil falls to near $57 in Asia as optimism for US rebound wanes amid weak retail sales, housingMay 14th, 2009 Oil falls to near $57 as US recovery hopes waneSINGAPORE — Oil prices fell to near $57 a barrel Thursday in Asia as weak U.S. retail sales and housing figures dampened investor optimism about a fledgling economic turnaround.
Crude oil inventories are at highest levels in almost 2 decadesApril 22nd, 2009 Crude oil inventories jump more than expectedNEW YORK — Crude inventories rose more than forecast last week while gasoline inventories jumped despite expectations for a dip, according to government data released Wednesday. For the week ended April 17 crude inventories rose by 3.9 million barrels, or 1.1 percent, to 370.6 million barrels, which is 17.2 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
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