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Houston, Texas 77027
(713) 621-9720
Copyright © 2010: PennWell Corporation
All Rights Reserved.
Crude Oil Price news and technical articles from Oil & Gas Journal. Search Crude Oil Price latest and archived news and articles
The US Department of Energy plans to take advantage of the recent crude oil price decline and resume filling the Strategic Petroleum Reserve, it announced on Jan. 2. It said that it issued a solicitation to
Crude oil prices continued falling for the fifth consecutive session, with the front-month contract down 1% May 8 in a mixed New York futures market amid suggestions Saudi Arabia may release more oil to help reduce prices.
The price of crude oil climbed 2.1% in a strong rally Apr. 2. Natural gas also rose 1.2% in the New York futures market, but in the cash market gas hit a 10-year low.
The new front-month contract for benchmark US crude oil rebound by 1.5% Mar. 21 in the New York market following a government report of an unexpected draw last week from commercial inventories.
The front-month crude contract posted a modest loss Feb. 14 in the New York market when an end-of-session rally failed to lift it out of the red. However, natural gas regained 4.4% on the prospect of greater utility turnarounds.
The stock market rallied Dec. 2, posting its highest weekly gain in 3 years as central banks moved to resolve liquidity issues in Europe, but petroleum prices increased only moderately.
There was virtually no reaction in oil markets Oct. 20 to news of the death of Libyan dictator Moammar Gadhafi, with the price of crude moderately lower in New York as traders focused on the continuing feud between Germany and France over the Euro-zone debt crisis, signaling greater interest in ...
Crude oil prices climbed for the third consecutive session July 21, with the new front-month September contract temporarily topping $100/bbl during intraday trading in the New York market.
The front-month crude oil contract rebound Oct. 14, wiping out losses from the previous 2 days to challenge market resistance at $87/bbl in New York, while natural gas rallied 5% on the prospects of colder weather and short covering.
Energy commodity prices were mixed July 6, with crude slipping lower in the New York market after the People's Republic of China announced another increase in the yuan benchmark interest rate as of July 7 ahead of the official June consumer price index (CPI) data release on July 15.