Oil prices rise over $70 after government reports surprise drop in US gasoline supplySeptember 30th, 2009 Crude settles above $70 on supply dataNEW YORK — Oil prices climbed more than 5 percent, surpassing $70 a barrel Wednesday after a government report said the nation's gasoline supply dropped unexpectedly and demand increased from last year. Benchmark crude for November delivery added $3.90 to settle at $70.61 a barrel on the New York Mercantile Exchange.
US oil supplies grow; gasoline stockpiles drop as refiners pull back on operationsSeptember 30th, 2009 Crude supplies continue to growNEW YORK — Crude inventories grew last week, though gasoline supplies dropped as refiners pulled back on operations, the government said Wednesday. Crude inventories climbed by 2.8 million barrels, or 0.8 percent, to 338.4 million barrels, which is 11.4 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
Oil prices rise after government reports unexpected drop in US gasoline supplySeptember 30th, 2009 Crude and gasoline futures rise on supply dataNEW YORK — Oil prices climbed more than 5 percent, surpassing $70 a barrel Wednesday after a government report said the nation's gasoline supply dropped unexpectedly and demand increased from last year. Benchmark crude for November delivery added $3.90 to settle at $70.61 a barrel on the New York Mercantile Exchange.
Oil rises slightly to above $66 in Asia after jump in US crude supplies sparks 2-day plungeSeptember 24th, 2009 Oil rises above $66 in Asia after 2-day plungeSINGAPORE — Oil prices rose above $66 a barrel Friday in Asia after investor concerns about U.S. crude demand sparked a two-day plunge.
Oil falls to near $68 in Asia as US crude inventories unexpectedly jumpSeptember 23rd, 2009 Oil falls to near $68 as US crude supplies jumpSINGAPORE — Oil prices dropped to near $68 a barrel Thursday in Asia as an unexpected jump in U.S. crude inventories suggested consumer demand remains in the doldrums.
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 price falls on unexpected US consumer confidence dropAugust 14th, 2009 NEW YORK - Oil prices tumbled nearly 5 percent Friday as US consumer confidence fell unexpectedly in August. Oil's losses came after the Reuters/University of Michigan said that the consumer sentiment index decreased in August, boosting doubts about demand recovery and pressuring oil price to its three-week low of $67.12 a barrel.
Summary Box: Retail sales drop unexpectedly as consumers keep wallets closedAugust 13th, 2009 Summary Box: Unexpected drop in retail salesWHAT HAPPENED?: Retail sales fell unexpectedly in July, while first-time claims for jobless benefits rose slightly last week. The reports raised concerns about the ability of consumers to fuel a broad economic recovery.
Oil prices rise after US government reports rising importsAugust 12th, 2009 Oil rises as American imports jumpNEW YORK — Oil prices rose Wednesday as the government reported that Americans were regaining their appetite for imported goods and a European energy watchdog said demand for crude this year may not be as weak as once thought. Benchmark crude for September delivery climbed 71 cents to settle at $70.16 a barrel on the New York Mercantile Exchange.
Crude supplies rise as expected, gasoline stocks dropAugust 5th, 2009 Crude supplies rise for second weekNEW YORK — Crude inventories rose last week, though gasoline supplies dropped yet again, the government said Wednesday. Crude inventories increased by 1.7 million barrels, or 0.5 percent, to 349.5 million barrels, which is 18.4 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
Oil stays above $61 a barrel as jobless numbers drop unexpectedlyJuly 16th, 2009 Oil stays above $61 as jobless numbers dropNEW YORK — Oil prices wavered Thursday after the government reported that jobless numbers had dropped unexpectedly. Benchmark crude for August delivery added 9 cents to $61.63 a barrel on the New York Mercantile Exchange.
Oil rises nears $72 as drop in US crude inventories suggest supplies tighteningJuly 1st, 2009 Oil rises nears $72 with supplies fallingNEW YORK — Oil prices climbed nearer to $72 a barrel Wednesday with early indications that the government could report crude supplies have dropped for the seven out of the past eight weeks. Benchmark crude for August delivery added $1.81 to $71.70 a barrel on the New York Mercantile Exchange.
Oil rises above $70 as drop in US crude inventories suggest supplies tighteningJuly 1st, 2009 Oil rises above $70; crude supplies fall againNEW YORK — Oil prices climbed above $70 a barrel Wednesday with the government reporting that crude supplies dropped for the seventh time in eight weeks. Benchmark crude for August delivery added 55 cents to $70.44 a barrel on the New York Mercantile Exchange.
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.
OPEC oil price rises above $70June 19th, 2009 VIENNA - The oil price of the Organisation of the Petroleum Exporting Countries (OPEC) rose above $70 again Thursday, the Vienna-based group said Friday. The basket price for one barrel (159 litres) of OPEC-produced crude climbed to $70.28, $0.91 higher than on the previous day.
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