Crude Oil

Oil prices drop as inventories grow

admin_huliq — Fri, 17 Oct 2008 07:59:32 -0500

International oil prices sank on Thursday as investors worried that a looming global recession will lower demand for crude oil.

Oil Is Up $20 in One Day

admin_huliq — Mon, 22 Sep 2008 14:02:31 -0500

It appears our turbulent economic situation has just spilled over into the oil market. The dollar, obviously driven down by our current economic mess, is losing value fast. So people are trading their dollars in for oil and gold. As a result, crude closed around $120 a barrel today.

Record Crude Prices Blamed on OPEC, Traders, Hurricanes

admin_huliq — Fri, 23 May 2008 16:03:05 -0500

According to Bloomberg, crude oil prices rose near record levels again because the National Oceanic and Atmospheric Administration warned of a more severe hurricane season than originally forecast.

Oil Rises 135 Dollars For Barrel in Asian Trade

admin_huliq — Thu, 22 May 2008 05:32:10 -0500

Crude oil prices rised past USD $135 a barrel for the first time on Wednesday, continuing its astonishing rise following unexpected drops in US crude and gasoline stocks in a tight market, dealers said.

Price of crude oil reaches new record high

admin_huliq — Fri, 09 May 2008 07:51:34 -0500

The price of oil per barrel has risen to a new all time high. During trading in Asia and in London, England the price of NYMEX Crude oil futures, per barrel, was at US$124.34 (22:07 eastern time) setting a new record high. Brent Crude oil also hit a new record high of US$122.84, but soon retreated to $121.79.

Crude Oil Prices Hit New Record 0f $109 a Barrel

seher — Tue, 11 Mar 2008 13:39:06 -0500

Crude oil prices briefly surged Tuesday to a record of $109 a barrel before easing back down, and the International Energy Agency warns that higher prices are here to stay.

Venezuela Cuts Crude Oil Sales to ExxonMobil

seher — Wed, 13 Feb 2008 11:56:58 -0600

Venezuela's state-run oil company has announced it is cutting crude sales to ExxonMobil, the largest U.S. oil company, because of Exxon's efforts to seize Venezuelan assets.

Sinopec processes 6.3% more crude oil

seher — Tue, 22 Jan 2008 04:43:20 -0600

Sinopec Corp, Asia's largest refiner, processed 6.3 percent more crude oil last year, after the government called for local plants to boost production.

Crude oil soars to new record

Dinka — Mon, 15 Oct 2007 10:01:38 -0500

Oil has zoomed to an all-time high above $85, propelled by robust demand from booming commodity markets and fresh geopolitical worries.

Oil prices drops after US crude stocks fell

Dinka — Thu, 13 Sep 2007 10:49:39 -0500

Oil prices dropped Thursday as traders took profits after U.S. crude stocks fell and drove oil futures in the previous session above US$80 a barrel for the first time ever.

Rosneft Bought Crude Oil to Increase Oil Refining Volumes

Anastvatz — Thu, 23 Aug 2007 10:34:10 -0500

Rosneft has bought crude oil to increase processing at its refineries.

Crude Prices Extended Losses

Anastvatz — Tue, 14 Aug 2007 05:59:23 -0500

World oil prices eased on Monday (August 13)on concerns about U.S demand in the face of sub-prime mortgage risks.