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News // Markets & Stocks

Oil prices after having climbed by more than 4% this week, stay near $79 on Friday

Crude prices slipped from an 11-week high to stay near $79 on Friday, as uncertainty about European bank stress tests and U.S. oil demand tempered a boost from positive corporate results and storm threats.

23 July 2010 , 10:07Reuters18670

Oil prices fell under $77 after US Fed announcement

Oil prices extended losses to more than a dollar Wednesday after Federal Reserve Chairman Ben Bernanke in prepared remarks before a U.S. Senate panel said the economic outlook was "unusually uncertain," and that the Fed remained prepared to take further action as needed.

22 July 2010 , 09:18Reuters17210

Oil prices rose, boosted by US financial market growth

Oil rose more than 1 percent Tuesday, up a second day as U.S. stocks bounced higher from early lows.

21 July 2010 , 09:52Reuters19200

Oil prices above $76

U.S. crude oil futures rose for the first time in four sessions on Monday, advancing with Wall Street on some robust quarterly earnings but tempered by a report that home building sentiment fell to its lowest in more than a year.

20 July 2010 , 08:23Reuters20710

Oil prices rose by more than 3% Tuesday for reaching a two-week high above $77

Oil prices rose nearly 3 percent Tuesday to a two-week high above $77 per barrel as better-than-expected corporate earnings boosted confidence about the economy and lifted markets.

14 July 2010 , 08:03Reuters18130

Hurricanes season forecasts pushes oil prices under $75

Oil fell to stay below $75 on Tuesday as forecasts for a seventh straight weekly gain in distillate fuel inventories at top consumer the United States tempered expectations of a drop in crude stockpiles.

13 July 2010 , 08:48Reuters18970

Good news from Chinese economy pushed the barrel above $76 this Monday

U.S. crude oil futures held above $76 a barrel on Monday as China's bigger-than-expected trade surplus in June eased worries about a slowdown for the global economic recovery and oil demand.

12 July 2010 , 09:01Reuters18390

Markets optimism boosted oil prices

Oil was headed for a five-percent weekly gain, the biggest since May, after government statistics showed robust U.S. demand growth and falling inventories, while positive economic indicators lifted sentiment across markets.

09 July 2010 , 09:22Reuters19490

$6.5 billion needed for modernization projects of Ukrainian pipelines

Ukraine needs to attract $6.5 billion for investment projects to modernize its gas transport system, officials from the Ukrainian Fuel and Energy Ministry press office said.

08 July 2010 , 09:03Ukroil16390

First oil rise since 7 days

Oil jumped to a one-week high around $75 on Thursday after earnings euphoria injected positive sentiment into Asian equities, reinforcing overnight gains triggered by an industry report showing U.S. crude inventories plunged last week.

08 July 2010 , 08:44Reuters19660

U.S. dollar rebound pushes oil prices below $72

Crude prices fell below $72 on Wednesday on a slightly stronger U.S. dollar, reversing earlier gains of as much as 0.6 percent boosted by forecasts of a second weekly fall in U.S. inventories.

07 July 2010 , 12:26Reuters18460

Chinese stock exchange has hit its lowest point in 15 months

The Shanghai composite index has closed at a 15-month low after data pointed to slowing growth and rising inflation.

06 July 2010 , 10:11BBC News15920

Oil prices have fallen to $71

Oil extended losses on Tuesday to four-week lows near $71, down as much as 1.5 percent from Friday's close, after a raft of negative economic indicators over the past week undermined confidence about growth in energy use.

06 July 2010 , 08:58Reuters19030

Stabilization of oil prices above $72

U.S. crude prices on Monday rebounded from their lowest in more than three weeks, staying above $72 as the market assessed the implications of a slowing global economic recovery on energy demand.

05 July 2010 , 08:56Reuters18940

Oil prices rebounded despite data showing slower global economic growth

Oil prices rebounded on Friday from three-week lows, but were still far from reversing the biggest one-day drop in almost a month a day earlier, after a spate of weak manufacturing data reflected slower global economic growth.

02 July 2010 , 08:38Reuters16960

Oil prices are still falling

Oil fell for a fourth straight day on Thursday, shedding as much as 1.3 percent, on signs China's economic growth was slowing, while the dollar strengthened as Europe's debt woes kept simmering across financial markets.

01 July 2010 , 08:51Reuters15980

European debt crisis pushes down oil prices

Oil edged lower on Wednesday, heading for its first quarterly drop since 2008 as risk aversion over Europe's debt crisis neutralized the effect of rising demand in the U.S. and China, the world's top two consumers.

30 June 2010 , 08:42Reuters19130

Discussions about potential ExxonMobil bid for BP

BP provided one of the few distractions for traders yesterday as global slowdown worries sent the FTSE 100 to its sharpest fall since November.

30 June 2010 , 08:27Bryce ElderFinancial Times15940

As tropical storm will not fully hit the main oil production in US Gulf of Mexico, oil prices have fallen

Oil fell to below $78 on Tuesday as forecasts indicated tropical storm Alex would skirt the main production region in the U.S.Gulf of Mexico, limiting disruption there to a few precautionary shutdowns.

29 June 2010 , 08:55Reuters16090

Forecasts of a potential tropical cyclone in the Gulf of Mexico stimulate oil prices

Oil prices edged higher on Friday after a U.S. government forecaster raised the chances that a weather system headed towards the oil-rich Gulf of Mexico may develop into a tropical cyclone.

25 June 2010 , 08:54Reuters16310