Oil stays below $69 in noon European trading on jump in US crude suppliesSeptember 24th, 2009 Oil stays below $69 as US crude supplies jumpVIENNA — Oil prices dropped further below $69 a barrel Thursday, after an unexpected jump in U.S. crude inventories suggested consumer demand remains in the doldrums.
Oil above $71 in afternoon European trading after big tumble on worries over Chinese demandSeptember 22nd, 2009 Oil above $71 after big tumbleVIENNA — Oil prices climbed above $71 a barrel Tuesday, erasing much of the previous day's losses after a rise in global stocks eased worries about slipping Chinese crude consumption. Benchmark crude for October delivery was up $1.41 at $71.12 a barrel in afternoon European electronic trading on the New York Mercantile Exchange.
Oil near $70 in midday European trading after big tumble on worries over Chinese demandSeptember 22nd, 2009 Oil near $70 after big tumbleVIENNA — Oil prices hung near $70 a barrel Tuesday after falling steeply overnight amid news that China's crude consumption fell in August. Chinese oil demand slid 5.4 percent in August from July, the first month-to-month drop since March, according to Platts, the energy information arm of McGraw-Hill Cos., as the world's second-largest oil consumer reined in oil imports and crude throughput rates at its domestic refineries.
Oil hovers above $71 in Asia amid weak crude demand, slumping US dollarSeptember 22nd, 2009 Oil hovers above $71 amid weak demand, US dollarOil prices hovered above $71 a barrel Wednesday as signs of weak crude demand were offset by the effects of a slumping U.S. dollar. By mid-afternoon in Europe, benchmark crude for November delivery was down 44 cents at $71.32 a barrel in electronic trading on the New York Mercantile Exchange.
Oil hangs hear $70 in Asia after big tumble on worries Chinese demand is fadingSeptember 22nd, 2009 Oil hangs near $70 in Asia after big tumbleBANGKOK — Oil prices hung near $70 a barrel Tuesday in Asia after falling steeply overnight amid news that China's crude consumption fell in August. Benchmark crude for October delivery was up 59 cents at $70.30 a barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
Oil below $70 in Asia after big tumble on worries Chinese demand is fadingSeptember 22nd, 2009 Oil below $70 in Asia after big tumbleBANGKOK — Oil prices wallowed near $70 a barrel Tuesday in Asia after falling steeply overnight amid news that China's crude consumption fell in August. Benchmark crude for October delivery was up 26 cents at $69.97 a barrel by early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
Oil stays below $71 in Asia as US crude supplies rise, suggesting demand still weakSeptember 15th, 2009 Oil stays below $71 as US crude supplies climbSINGAPORE — Oil prices hung below $71 a barrel Wednesday in Asia as an unexpected rise in U.S. crude supplies heightened investor concerns about weak consumer demand.
Oil hovers below $69 in Asia as investors weigh weak crude demand, economic recoverySeptember 14th, 2009 Oil hovers below $69 amid weak crude demandSINGAPORE — Oil prices hovered below $69 a barrel Tuesday in Asia as investors weighed concerns about weak crude demand against optimism of a global economic recovery. Benchmark crude for October delivery was down 1 cent at $68.84 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.
Ethanol producers' shares drop amid falling oil pricesAugust 21st, 2009 Sector Snap: Ethanol producers slideST. LOUIS — Shares of ethanol producers rose in Monday afternoon trading as oil prices hit a new high for the year after Federal Reserve Chairman Ben Bernanke said the U.S.
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.
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.
Aviation fuel prices slashed, but fares unlikely to be cutJuly 15th, 2009 NEW DELHI - With a fall in international prices of crude, state-run oil companies Wednesday slashed aviation fuel prices by almost 6 percent. The new prices will be effective Wednesday night and come after four consecutive hikes.
Crude oil prices slide below $40February 9th, 2009 NEW YORK - Crude oil prices fell below $40 a barrel Monday on weak energy demand outlook. Earlier in the day, the oil prices were boosted by comments from the Organisation of the Petroleum Exporting Countries (OPEC) that it would cut oil output further to counter the slumping demand.
Oil prices tumble as Americans cut spendingFebruary 2nd, 2009 NEW YORK - Oil prices tumbled Monday as Americans cut spending amid grim economic environment. According to a US government report, consumer spending fell for a record sixth straight month in December as recession-battered households worried about increasing number of layoffs reduced purchases.
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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