Posts Tagged ‘crude oil price’
In electronic trading in Asia today crude oil prices declined for two consecutive days (9.5). Crude oil prices fell again in speculation that the U.S. economy weakened and China. Weakening of the economies of both countries with the largest economy has the potential to cause large drop in demand for commodities including crude oil.
Crude oil prices decreased by 0.9%, a decrease of 2.8% increase that occurred at the close trading weekend. Asian bourses, which fell looked more crude oil price movements. China’s service sector slowed in August.
Crude futures for October delivery declined 77 cents and traded at 85.68 dollars per barrel position. Crude oil prices are the most active contract late last week closed with a record of 2:48 sharp dollar decline (2.8%) in the position of 86.45 dollars per barrel. Read the rest of this entry »
At the close of trading on the New York Mercantile Exchange early this morning crude oil prices appear to have increased (8.12). Crude oil prices rose as economic data that was announced last night is quite impressive. Jobless claims decreased sparking optimism that the U.S. economy fundamentally is still pretty good.
Crude oil prices have increased after the Labor Department reported that jobless claims fell by 7.000 people to a level of 395 000 people last week. Jobless claims is the smallest since early April. Wall Street rebounds by moving data positive encouragement.
Crude oil prices rebounded from a position moves the lowest daily after the release of the jobless claims data came out. Crude oil for delivery in September rose by 2.83 dollars to close at 85.72 dollars per barrel position.
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World crude oil prices in Asian markets crashing below USD93 per barrel level after Greece shocked the financial crisis issues that undermine investor confidence in the euro currency.
Benchmark crude for July delivery this afternoon when Singapore fell 40 cents to USD92, 61 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). When compared with last Friday’s close, there is a decrease of $ 1, 94 a barrel or two percent at the level of USD93, 01.
Meanwhile, in London, Brent crude for August delivery fell 67 cents to USD112, 54 per barrel on the ICE Futures Exchange.
In addition to the Greek factor, a factor strengthening U.S. dollar also contributed to drag oil prices continue to decline from almost penetrate USD115 at the beginning of the month.
Meeting of eurozone finance ministers did not produce an agreement to provide additional emergency assistance for Greece which is necessary for the country to avoid bankruptcy in the next month.
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state-owned oil company in India has raised the price of fuel the vehicle approximately nine percent from the previous price to 63.4 rupees per liter.
Increase the price of gasoline in India is to help stem the loss of income from high prices of crude oil. The high price of crude oil is causing inflation also follow-up.
The high price of crude oil is characterized by rising gasoline prices for the umpteenth time since the Indian government regulate gasoline prices. This was done in reforming the economy to reduce subsidies issued a state-owned fuel company is.
The latest increase occurred because the government is not able to regulate the development of inflation which stood at nine percent and kill the corruption scandal. Although fuel prices have increased, the oil companies will still be lost 5.50 rupees per liter.
Increase is expected to be followed for the price of diesel and domestic gas prices by the end of this month. However, the government still controls the price of diesel, gas to households, and kerosene, which is known as fuel poor. Where this is done to protect the poor from price shocks, which is the main supporter of the Congress party.
Although the government does not control the price of gasoline, oil companies will continue to follow the informal instruction in the Petroleum Ministry to raise the price.
Marketing company in oils India, Bharat Petroleum and Hindustan Petroleum have been held to raise fuel prices in line with global crude oil price hikes.
The average price of gasoline in New York has reached $ 4 per gallon. While Hawaii, Alaska, California, Illinois and Connecticut, fuel prices already exceed that price.
According to AAA’s Daily Fuel Gauge, Hawaii has the highest price reached $ 4, 47 per gallon. National average for gas has risen for 25 consecutive days, and now $ 3, 82 per gallon. Survey shows riders react with higher prices now by buying less fuel.
The average price of gasoline rose to $ 4, 003 per gallon in the state of the center. On average, states, New York is $ 3, 996.
The high price of gasoline above $ 4 like back to the summer of 2008, when oil rose to USD147 per barrel and gas prices reach $ 4, 11 per gallon.
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Crude oil prices return to experience “turbulence” of the previous USD117, 26 per barrel to USD117, 80 per barrel. This price becomes the highest price since March 7.
Reported by Reuters on Friday (04/01/2011), the price of Brent crude rose 10 cents to USD117, 26 per barrel after being touched its highest rate of USD117, 90 per barrel. Even in February yesterday had touched USD120 per barrel.
The increase in oil prices came after a report on unemployment in mid last week. In addition, the condition of workers in the Middle East many unproductive. However, the improvement of economic situation in various sectors, is expected to be much improved.
Analyst crude oil from China, Serena Lim said, oil prices climbed since last month. But there are still potentially strong despite not very significant. Read the rest of this entry »
Sanctions air and sea attacks provided the United Nations (UN) against the Libyan Government troops pushed predicted increase in world oil prices. The impact of the escalation of warfare in Libya beat a decline in demand after the earthquake factor concerns the Japanese and Chinese monetary policy tightening.
A French-owned aircraft fired a first attack which is the largest military intervention in the Arab world since the invasion of Iraq 2003. Action was to destroy tanks and armored vehicles in eastern Libya, Benghazi.
As quoted by Reuters, Brent North Sea crude closed at the level of USD113, 93 per barrel late last week has the potential to re-touched its highest level last February, USD119, 79 per barel. U.S. crude oil prices also potentially strengthened so that adds to concerns about global inflation.
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World oil prices fell close to USD88 per barrel in afternoon trading today in Asia, having previously had rocketed through the USD90 per barrel which is the highest level since the last two years. The decrease was due to the impact of profit taking.
As quoted by the Associated Press (AP), Wednesday (08/12/2010) decreased to 89 cents to as low as USD87, 8 per barrel for January delivery contract on the trade in the New York Mercantile Exchange (Nymex) this afternoon. Previously, he penetrated USD90, 76 per barrel, which is the highest achievement since 8 October 2008.
“It is not surprising, mainly because of profit taking after crude oil through the level of USD90 per barrel in New York,” said energy analyst with consultants Purvin & Gertz, Victor Shum. Read the rest of this entry »