COMMODITIES

IBTimes Logo

Oil prices edge above $71 a barrel

Oil prices edged above $71 a barrel on Monday as traders eyed directionless equity and currency markets for guidance on the eve of a meeting of the U.S. Federal Reserve.

Oil slips below $71

IBTimes Logo
Oil prices edged above $71 a barrel on Monday, drawing some support from the possibility of the first tropical cyclone of the hurricane season, but gains were capped by prospects for a stronger dollar.
IBTimes Logo

Oil slips below $71, on dollar, high supplies

Oil prices slipped below $71 a barrel on Monday, as the dollar's strength and worries about high oil inventories helped counter earlier gains on the back of rising Asian stocks amid hopes for an economic recovery.
More news
IBTimes Logo

Oil retreats from six-week high to below $72

U.S. crude prices fell below $72 on Thursday on oversupply worries, retreating after hitting the highest level since late June, and North Sea Brent crude briefly touched a record for 2009.
IBTimes Logo

Oil falls below $71 after inventory data

Oil fell toward $70 a barrel on Wednesday after U.S. government inventory data showed a build in crude stocks and weak economic data raised doubts about oil demand recovery in the world's largest energy consumer.
IBTimes Logo

Oil rises towards $72 ahead of inventory data

Oil rose toward $72 a barrel on Wednesday, ahead of key inventory data expected to show a fall in U.S. crude stocks and supported by higher European equities and a weaker U.S. dollar.
IBTimes Logo

Oil eases below $71, fuel stocks eyed

Oil eased below $71 a barrel on Wednesday after inventory data showed a rise in United States fuel stocks, adding to doubts about demand from the world's biggest energy consumer.
IBTimes Logo

Oil slips below $71 before expected stock build

Oil fell more than $1 to below $71 per barrel on Tuesday, paring three days of gains as expectations for a rise in U.S. crude inventories offset optimism over positive U.S. and Chinese manufacturing data.
IBTimes Logo

Oil rises over $2 on US, China factory output

Oil rose more than $2 a barrel to hit a one-month high above $72 on Monday as positive manufacturing data in the United States and China raised optimism for an economic recovery that could bolster energy demand.
IBTimes Logo

Oil rises nearly $2 on U.S., China factory output

Oil rose more than $2 a barrel to hit a one-month high near $72 on Monday as positive manufacturing data in the U.S. and China raised optimism for an economic recovery that could bolster energy demand.
IBTimes Logo

Oil rises above $67 on renewed econ recovery hopes

Oil extended gains well above $67 a barrel on Friday, after a 5.7 percent jump in the previous session on U.S. data and earnings which renewed hopes of an economic recovery and drove up equity and commodities markets.
IBTimes Logo

Oil bounces above $64 on stock markets, data

Oil rose above $64 a barrel on Thursday, boosted by stock markets in Europe and Asia, better than expected corporate results and data suggesting the economic downturn was bottoming out.
IBTimes Logo

Oil bounces above $64

Oil rose above $64 a barrel on Thursday, boosted by stock markets in Europe and Asia, better than expected corporate results and data suggesting the economic downturn was bottoming out.
IBTimes Logo

Oil dips towards $63 on US crude build, China fears

Oil eased toward $63 a barrel on Thursday, after sliding almost 6 percent the day before on data showing a jump in U.S. crude stocks, while the market kept an eye on measures by China to manage credit growth.
IBTimes Logo

Regulator report blames speculators for oil price swings

The U.S. Commodity Futures Trading Commission is planning to issue a report next month that suggests that wild swings in oil prices were significantly driven by speculators, the Wall Street Journal reported on its website on Tuesday.
IBTimes Logo

Oil rises above $63 after U.S. housing data

Oil rose above $63 a barrel on Friday, on track for its first weekly gain in a month, after U.S. housing data sparked optimism that a battered sector of the economy may be primed for recovery.
IBTimes Logo

Oil bounces above $62 after U.S. housing data

Oil bounced above $62 a barrel on Friday, buoyed by U.S. data suggesting the battered housing sector was beginning to stabilize and pointing to a gradual recovery from recession.
IBTimes Logo

Oil slips below $62

Oil slipped below $62 a barrel on Friday, undermined by concerns over the outlook for the world economy, a stronger dollar and some selling pressure after four days of gains.
IBTimes Logo

Oil falls below $62 amid lingering pessimism

Oil fell below $62 a barrel on Friday amid lingering skepticism over the pace of a global economic recovery, but prices are on track to snap four straight weeks of decline to post a weekly gain.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.