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The front-month crude oil contract declined Oct. 4 after a 3-day rally last week in the New York commodities market as it followed the equities market down; the natural gas futures price also dropped for the third consecutive session.
Crude oil prices continued to climb with the front-month contract up 0.6% on a weaker dollar, while natural gas rebounded slightly Nov. 2 in the New York market.
Crude oil prices rose Aug. 25, with the front-month crude contract up 1.2% to once again top $72/bbl, ending a 5-session losing streak in the New York market.
Oil prices continued climbing for a second session Aug. 26 in the New York market, with the front-month crude contract up 1.16%, topping $73/bbl in its recent trend of trading as a financial instrument while ignoring market fundamentals of supply and demand.
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 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 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.
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 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.