Tue, 02/11/2010 - 07:58 by harsheeb
New York -- Crude oil prices rose sharply Monday, topping $83 per barrel after China said manufacturing activity rose in October.
The headline HSBC China Manufacturing Purchasing Managers Index rose from 52.9 to 54.8 with business activity climbing for the third consecutive month and at the fastest rate since January.
The U.S. Institute of Supply Management said U.S. manufacturing also expanded in October with the headline PMI index increasing from 54.4 to 56.9, but Election Day jitters and uncertainty over the Federal Reserve's monetary policy decision expected Wednesday held markets in check.
|
Tue, 02/11/2010 - 07:55 by harsheeb
Portland-- Along with providing benefits like energy conservation and mitigating greenhouse gases, trees in urban settings can be crime-fighters, U.S. researchers say.
Researchers with the U.S. Forest Service say a study conducted in Portland, Ore., suggests certain types of city trees may help lower the rate of property crime and violent crime, a USFS release said Monday.
|
Tue, 02/11/2010 - 05:18 by harsheeb
Champaign -- Grass could be the bioenergy crop of the future as the demand for biofuels increases, replacing corn as the premiere biofuel crop, U.S. researchers say.
Researchers at the University of Illinois have completed the first analysis of potential bioenergy grass crops in the Midwestern United States, a university release said Monday.
Corn ethanol is currently the main biofuel available but the demand for ethanol competes with corn's availability as food and that could drive up food costs, researchers say.
The U.S. government has mandated that 20 billion gallons of biofuels must be produced annually from non-corn biomass by 2022.
|
Mon, 01/11/2010 - 21:43 by harsheeb
New York -- Crude oil prices rose sharply Monday, topping $83 per barrel after China said manufacturing activity rose in October.
The headline HSBC China Manufacturing Purchasing Managers Index rose from 52.9 to 54.8 with business activity climbing for the third consecutive month and at the fastest rate since January.
December delivery crude oil on the New York Mercantile Exchange added $2.16 to $83.59 per barrel, a 2.6 percent gain. Heating oil prices jumped 5.94 cents to $2.2971 per gallon. Reformulated gasoline prices added 6.06 cents to $2.12 per gallon.
Henry Hub natural gas prices lost 6 cents to $3.978 per million British thermal units.
|
Fri, 29/10/2010 - 08:12 by harsheeb
New York-- Crude oil prices dropped slightly in New York Thursday to under $82 per barrel, despite support from the dollar index, which dropped 1.09 percent.
Crude oil prices dropped 27 cents to $81.91 per barrel following the Energy Information Administration's announcement Wednesday that U.S. crude oil supplies rose by 5 million barrels to 366.2 million barrels, above the average range for this time of year.
Gasoline stockpiles dropped by 4.4 million barrels to 214.9 million in the week ending Oct. 22.
On the New York Mercantile Exchange, heating oil prices lost 0.54 cents to $2.254 per gallon. Reformulated blendstock for December delivery shed 0.8 cents to $2.0748 per gallon.
|
Thu, 28/10/2010 - 22:25 by harsheeb
New York -- Crude oil prices rose modestly overnight despite a rise in U.S.
stockpiles, the price for December delivery topping $82 per barrel in New York.
Crude oil prices added 39 cents overnight to $82.33 per barrel Thursday. On Wednesday, the Energy Information Administration said crude oil supplies rose by 5 million barrels to 366.2 million barrels, above the average range for this time of year.
Gasoline stockpiles dropped by 4.4 million barrels to 214.9 million in the week ending Oct. 22.
|
Thu, 28/10/2010 - 10:23 by Rakhi
New York -- Crude oil prices held close to $82 per barrel in New York after the U.S. Energy Information Administration said supplies rose in the week ending Oct. 22.
Crude oil inventories gained 5 million barrels to 366.2 million barrels, while gasoline stockpiles dropped 4.4 million barrels to 214.9 million.
December delivery crude oil prices traded in a narrow range, most recently adding 4 cents on the New York Mercantile Exchange overnight to $81.98 per barrel. Heating oil prices shed 0.07 cents from a recent settlement to $2.2555 per gallon.
Reformulated gasoline prices dropped 0.02 cents to $2.0752 per gallon. Henry Hub natural gas prices added 2 cents to $3.783 per million British thermal units.
|
Wed, 27/10/2010 - 23:45 by harsheeb
New York -- Crude oil prices dropped overnight to under $82 per barrel in New York, ahead of Wednesday's U.S. oil supply report.
The dollar index rose 0.77 percent Tuesday, snapping a downward trend, which put pressure on oil prices.
Equities were mostly lower in Asia Wednesday and flat in Europe. U.S. markets opened with early losses, the Dow Jones industrial average lost 0.57 percent in midmorning trading. The Standard & Poor's 500 index jumped to a loss of 0.45 percent.
|
Thu, 21/10/2010 - 09:38 by harsheeb
New York -- Commodities traders shook off Tuesday's tailspin, pushing oil prices $2.34 higher on the New York Mercantile Exchange to $82.50 per barrel Wednesday.
The People's Bank of China knocked the price of oil its perch Tuesday, raising interest rates to slow the economy and curb inflation. Oil prices Tuesday dropped $3.72 or about 4 percent Tuesday, then dipped to an overnight low of $79.90 for December delivery light, sweet crude.
Oil prices were given a boost by a weaker dollar. The dollar index, a pro-rated measure of the dollar against six major currencies, dropped 1.26 percent Wednesday.
Heating oil prices rebounded, adding 5.58 cents to $2.451 per gallon.
|
Thu, 21/10/2010 - 09:35 by harsheeb
Primm -- Environmentalists have asked the California Energy Commission to block a solar energy project in the Mojave Desert.
BrightSource Energy Co. plans to build an array of solar panels on 5.6 square miles in the Ivanpah Valley on the California-Nevada border. But biologists clearing out desert tortoises for a fence have found them in greater numbers than expected, The Press-Enterprise of Riverside, Calif., reports.
Approval for the project was given based on a U.S. Fish and Wildlife Service estimate that there were no more than 32 tortoises on the entire site, not enough for development there to have a major impact on the species. Now, 17 have been found in a small area.
|
Thu, 21/10/2010 - 00:26 by harsheeb
Washington-- U.S. crude oil inventories rose by 700 million barrels in the week ending Oct. 15, the U.S. Energy Information Administration said Wednesday.
The agency said crude inventories increased to 361.2 million barrels during the week, with supplies remaining above the upper limit of the average range for this time of year.
Gasoline inventories rose by 1.2 million barrels to 220.1 million barrels.
Gasoline stockpiles are listed as above the upper limit of the average range.
Supplies of distillate fuels, which include heating oil, fell by 2.2 million barrels to 170.3 million barrels.
Inventories of finished gasoline and stocks of gasoline blending components rose during the week, the energy agency reported.
|
Thu, 21/10/2010 - 00:15 by harsheeb
New York -- Commodites traders shook off Tuesday's tailspin, pushing oil prices 41 cents higher on the New York Mercantile Exchange to $80.31 per barrel early Wednesday.
The People's Bank of China knocked the price of oil its perch Tuesday, raising interest rates to slow the economy and curb inflation. Oil prices Tuesday dropped $3.72 or about 4 percent Tuesday, then dipped to an overnight low of $79.90 for December delivery light, sweet crude.
Heating oil prices Wednesday rebounded, adding 0.62 cents to $2.1955 per gallon. Reformulated gasoline prices shed 0.09 cents from a prior settlement to $2.0318 per gallon. Henry Hub natural gas prices added 3 cents to $3.543 per million British thermal units.
|
