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The front-month crude futures contract rose 1.7% to close above $101/bbl Dec. 27 in the New York market as Iran’s Vice-President Mohamed Reza Rahimi threatened to close the Strait of Hormuz if western nations sanctioned the country
strongest showings this year, the front-month contract for benchmark US crude jumped more than 4% Oct. 24 in the New York market , moving into backwardation with subsequent monthly contracts priced sequentially lower and the current December contract
mixed Dec. 23, although the front-month crude contract temporarily crested $100/bbl in intraday trading on the New York market . “The geopolitical risk premium is rearing its head again in the oil market,” said analysts in the Houston office
Crude oil prices advanced Aug. 22 in the New York market , more on indications of strengthening European markets than from bullish sentiment over the likely fall of Libyan dictator Moammar
The front-month crude oil futures contract closed marginally lower Oct. 12, ending its latest rally in the New York market although the Standard & Poor’s 500 index rose for the sixth time in seven sessions. Natural gas futures also dropped
Senior Writer HOUSTON, June 27 -- Crude oil and natural gas futures inched up less than a fraction of 1% each in the New York market on June 24, but front-month North Sea Brent continued falling, down more than $2/bbl. “Oil products largely
Sam Fletcher OGJ Senior Writer HOUSTON, Feb. 18 -- Oil and natural gas prices rose Feb. 17 in the New York market with crude hitting a 3-week high and the Dow Jones Industrial Average trading 40 points higher on better-than-expected performance
Sam Fletcher Senior Writer HOUSTON, Aug. 7 -- The front-month natural gas contract in the New York market plummeted more than 7% Aug. 6 after the Energy Information Administration reported the injection of 66 bcf of gas into US underground
general unrest in the Middle East and North Africa (MENA) spurred oil prices with crude topping $102/bbl in the New York market Mar. 2, but natural gas prices continued to falter, down 1.4% on forecasts of warmer weather despite an impending
Mar. 25 -- The front-month crude contract dipped from a 30-month high Mar. 24, ending a 4-day rally in the New York market . Natural gas was down 2%, stopping a 3-day run after the Energy Information Administration reported a smaller