Oil prices extended losses and fell closer toward $68 a barrel on Thursday, as data showing an unexpectedly high build up in U.S. oil and products stockpiles reminded traders that oil prices may have run ahead of the demand fundamentals.
December Coffee should be reaching its exhaustion point as well as the down trend line, we recently pulled out of our call spread and feel that we should reverse at this level.
As of September 18, Baker Hughes Incorporated reports 293 rigs drilling for oil and 705 rigs drilling for natural gas.
Oil dropped 4 percent to below $69 a barrel on Wednesday after U.S. government oil inventory data showed a surprise jump in crude and products stocks, highlighting the fragile state of demand in the world's largest energy consumer.
Oil fell toward $71 a barrel on Wednesday, pressured by doubts over U.S. demand as investors cautiously awaited government inventory data after an industry report showed a surprise build in crude oil stockpiles.
Oil fell toward $71 a barrel on Wednesday, pressured by doubts over U.S. demand after industry data showed a surprise build in crude oil stockpiles.
Oil fell below $72 a barrel on Wednesday, pressured by doubts over U.S. demand after industry data showed a surprise build in crude oil stockpiles.
Oil steadied at below $72 a barrel on Wednesday, after rising more than 2 percent in the previous session, as a bearish industry report showing a surprise build in U.S. crude oil stockpiles was offset by further weakness in the dollar.
Oil fell toward $71 a barrel on Wednesday, giving up some of its previous session gains of 2 percent, as an industry report showing a surprise build in U.S. crude oil stockpiles again stoked concerns over demand revival.
Oil rose above $71 a barrel on Tuesday, supported by a weaker dollar and after the oil minister of top exporter Saudi Arabia said he was seeing real evidence of world economic recovery in the form of demand for Saudi crude.
Oil rose above $70 a barrel on Tuesday, supported by a weaker dollar and recovering from a sharp fall the previous day, but bulging inventories and slow demand limited gains.
Oil rose above $70 a barrel on Tuesday in a technical rebound after its 3.2 percent decline in the previous session, as traders watch for clues to the health of the global economy from a U.S. Federal Reserve meeting and a summit of G20 nations this week.
Oil rose to $70 a barrel on Tuesday in a technical rebound after its 3.2 percent decline in the previous session, as traders watch for clues to the health of the global economy from a U.S. Federal Reserve meeting and a summit of G20 nations this week.
Oil prices fell by almost 3.5 percent toward $69 a barrel on Monday as further signs of weak fuel demand raised expectations that prices may have raced ahead of the nascent economic recovery.
Oil fell by more than 3 percent to below $70 a barrel on Monday as further signs of weak fuel demand raised expectations prices may have raced ahead of the nascent economic recovery.
Oil fell by more than 2 percent to $70 a barrel on Monday as further signs of weak fuel demand raised expectations prices may have raced ahead of the nascent economic recovery.
Oil fell by almost 2 percent toward $70 a barrel on Monday as further signs of weak fuel demand raised expectations prices may have raced ahead of the nascent economic recovery.
Oil prices fell below $72 a barrel in thin trading on Monday, pressured by easing Asian stocks and comments by Asia's No. 1 refiner Sinopec that diesel demand China had not completely recovered.
The stars have aligned for gold prices, leaving them just a short hop from record highs, but as bullion bugs celebrate, the rally appears to have flaws.
There's a good chance you've been hearing more about biodiesel lately. This article, the first of several short discussions about biodiesel that will appear in the next few months, lays out some of the basic terminology and qualities associated with this fuel.
Oil prices hovered around $72.50 a barrel on Thursday after rising more than 5 percent this week as swollen U.S. distillate stocks such as diesel offset a weaker dollar and rallying equities.
Oil prices fell to around $72 a barrel on Thursday after rising more than 5 percent this week as swollen U.S. distillate stocks such as diesel offset positive sentiment in other markets.
Oil prices fell toward $72 a barrel on Thursday after rising more than 5 percent this week as swollen U.S. distillate stocks such as diesel offset positive sentiment in other markets.
Oil prices hovered around $72.50 a barrel on Thursday after rising more than 5 percent this week as swollen U.S. distillate stocks such as diesel offset positive sentiment in other markets.
Oil was steady above $72 a barrel on Thursday, taking a breather after a rise of more than 2 percent a day earlier, following a larger-than-expected fall in U.S. crude oil inventories.
Oil prices broke above $72 a barrel on Wednesday after a U.S. government report showed a bigger-than-expected decline in crude inventories.
Oil edged above $71 a barrel on Wednesday after data showed U.S. crude stockpiles fell more than expected last week, but higher inventories of gasoline and winter fuel capped gains.
Oil shed early losses and hovered near $71 on Wednesday as the dollar's fall to one-year lows and Asian equities' climb to 2009 highs drew investors back to risky assets on brightening signs of a U.S. economic recovery.
Oil rose above $69 a barrel on Tuesday, lifted by an expected draw in U.S. crude stocks and better-than-expected U.S. retail sales data, but concerns about rising U.S. distillate inventories capped gains.
Oil rose toward $69 a barrel on Tuesday, lifted by a weaker dollar and an expected draw in U.S. crude stocks, but concerns that a major U.S. exchange will increase enforcement of position limits capped gains.