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crude oil

Crude Oil Dipped Below $90, Iraqi Supply Higher

Published on Wed, 05/23/2012 - 16:10
By FNNO Staff
wti, crude oil, energy department, united states, eurozone, saudi arabia, business, finance, investing, stock, news, trading, analysis, market

By FNNO Staff
fnnonline@gmail.com

Crude Prices Rise For Second Day After Report of Reduced Saudi Production

Published on Thu, 04/14/2011 - 14:36
By FNNO Staff

May oil futures were up almost 1% to $108.10 per barrel, after the chief economist at Riyadh-based Banque Saudi Fransi said the Kingdom of Saudi Arabia had cut production by 300,000 barrels per day.

Barclays Plc (NYSE:BCS) said the country might be reducing production of its lighter oil blends introduced in response to the disruption of Libyan output last month.

barclays, business, crude oil, finance, futures, higher, investing, libya, news, saudi arabia, stock, trading

Crude oil climbed for a second day on the New York Mercantile Exchange on a report out of Saudi Arabia that the holder of the world's largest oil reserves, and the second largest producer of oil, has reduced output this month.

By FNNO Staff
fnnonline@gmail.com

Energy Sector Update: April 11, 2011

Published on Mon, 04/11/2011 - 14:00
By FNNO Staff

Light, sweet crude oil for May delivery is trading down 2.6% to $109.86 a barrel. In other energy futures, heating oil was down 1.79% to $3.26 a gallon while natural gas was up 1.44% to $4.09 per million British thermal units.

In mid-day energy news, shares of BHP Billiton (BHP) are higher as Bloomberg reports the world's largest mining company squelched speculation that it plans to buy Royal Dutch Shell's stake in Woodside Petroleum.

analysis, bhp, business, crude oil, energy sector, financial, market, natural gas, news, stock, trading

Energy shares are mixed to lower in mid-day trading as crude oil futures slipped throughout the morning to trade under $110 a barrel.

By FNNO Staff
fnnonline@gmail.com

API Reports Crude Inventories Fell 2.8 Mln Barrels Against Analyst Expected Trends

Published on Tue, 04/05/2011 - 16:27
By FNNO Staff

This is contrary to the trend analysts polled by Platts were expecting which was an increase in crude inventories of 1.3 million barrels.

The agency also reported an increase of 568,000 barrels in gasoline stocks and a decline in distillates, which include heating oil and diesel, of 1 million barrels.

In contrast to actual trending directions, analysts had projected a 2.1 million barrel decrease in gasoline stocks a

american petroleum institute, analysis, api, business, crude oil, financial, market, news, stock, trading

The American Petroleum Institute reported late Tuesday that crude oil inventories fell 2.8 million barrels for the week ended April 1st, according to a MarketWatch report.

By FNNO Staff
fnnonline@gmail.com

Energy Sector Update: March 15, 2011

Published on Tue, 03/15/2011 - 08:38
By FNNO Staff
analysis, business, crude oil, earthquake, energy sector, financial, japan, market, news, petroleum, solar, spwra, stock, sunpower, trading

Energy shares are firmly lower in pre-market trading as crude oil futures fall to trade below $99 a barrel. Stocks in the sector are weighed by investor concern over the effects of the earthquake in Japan at the end of last week a

By FNNO Staff
fnnonline@gmail.com

Crude and Gold both up amid unrest in the Middle East

Published on Mon, 03/07/2011 - 12:03
By Stephanie Shyu

Meanwhile, gold climbed to a record high above $1,440 an ounce this morning, as the threat of violence abroad burnished the metal's safe-haven appeal. Gold was last up $9 at $1,437 per ounce.

business, crude oil, financial news, gold, higher, investing, market analysis, middle east, stock, trading

Crude oil is up after the U.S. government reiterated that it could tap into its strategic oil reserves in case of emergency. The possible policy move fueled market concerns that the political unrest in the Middle East and North Af

By Stephanie Shyu
sshyu@fnno.com

Energy Sector Update: March 4, 2011

Published on Fri, 03/04/2011 - 16:16
By Stephanie Shyu
energy, sector, update, mid-day, crude oil, oil, heating, thermal, natural gas, total sa, oao novatek, france, russia

By Stephanie Shyu
sshyu@fnno.com

Latin Shares Hit By Worries High Oil Prices to Squeeze Global Growth

Published on Tue, 03/01/2011 - 16:00
By Stephanie Shyu

Crude was last up 1.9% at $98.81 per barrel. Continuing turmoil in the Middle East sent petroleum prices up as investors focused on reports of increasing violence in Libya and other areas of the Middle East, with unrest in Iran ga

brazil, business, crude oil, financial news, investing, latin america, libya, market analysis, middle east, price, stock, trading

Latin American stocks are being pressured by global worries that high oil prices will squeeze economic growth around the world.

By Stephanie Shyu
sshyu@fnno.com

Crude Oil Gains Moderating After Domestic Inventories Rise Less Than Expected

Published on Wed, 02/09/2011 - 12:25
By Stephanie Shyu

The Energy Information Administration reported a 1.9-million-barrel gain in crude inventories, short of the 2.4-million-barrel increase forecast by analysts polled by Platt's, which tracks oil markets.

Gasoline supplies also gained 4.7 million barrels for the week, topping analysts who were looking for a consensus gain of 3.1 million barrels.

business, commodities, comtex, crude oil, energy, gain, gasoline, market, news, nymex, platt's, shares, stock, trade, update, uso

"Crude oil for March delivery is closing in on $88 a barrel after getting some lift from the latest report on domestic oil stockpiles, which rose less than expected for the week ended Feb. 4.

By Stephanie Shyu
sshyu@fnno.com

Energy Sector Report: January 26th, 2011

Published on Wed, 01/26/2011 - 15:26
By Stephanie Shyu
conocophilips, cop, crude oil, energy, higher, jinkosolar, jks, market, news, occidental petroleum, oxy, shares, stock, trade, update, value

"Energy shares are trading higher at mid-day as crude oil futures show signs of life after several consecutive sessions of losses. Earnings news from two major refiners also provided support to the sector. Light, sweet crude oil f

By Stephanie Shyu
sshyu@fnno.com

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