Crude Oil Price

Increased US retail sales indicating continued economic expansion pushed the near-month crude contract above $74/bbl July 7 on the New York market, breaking a 7-session losing streak.

Energy prices fell Mar. 17, with crude dropping 2% to under $80/bbl in the New York market “as the dollar gained ground and Moody's [Investors Service] expressed sovereign debt concerns about France, Germany, the US, and the UK,” said analysts in the Houston office of Raymond James & Associates ...

The new front-month August contract for crude continued its fall June 23 in the New York market as the Energy Information Administration reported an unexpected build in oil inventories and US sales of new homes fell to a record low in May, down 32.7% from April when the $8,000 federal tax credit ...

The strengthening US dollar caused crude prices to fall 4% May 4 in the New York futures market—its biggest drop in 3 months—among market fears that Europe has spent so much shoring up Greece’s troubled economy that it may not be able to bail out the larger economies of Spain and Portugal, which ...

Crude oil prices continued to climb, hitting a 5-week high Feb. 18 in the New York market despite a government report showing a smaller-than-expected build in total petroleum inventories.

The price of crude for July delivery increased June 8 for the first time in 3 days in the New York market after Federal Reserve Chairman Ben Bernanke reassured nervous investors the economic recovery is on track.

The front-month crude contract climbed 0.9% Nov. 3 in the New York market on a government report of a larger-than-expected drop in US oil inventories and the anticipated Federal Reserve Bank decision to pump more “quantitative easing” (QE) funds into the US economy, while the front-month natural ...

Crude oil prices continued to slip lower Oct. 12 with the front-month contract down 0.7% in the New York market amid expectations the Organization of Petroleum Exporting Countries will make no changes in its official production quotas at its Oct. 14 meeting in Vienna.