Fri, 03/07/2009 - 03:01 by Salinder Kumar
New York -- Crude oil prices fell sharply to under $67 per barrel on the New York Mercantile Exchange Thursday as increased unemployment rattled hope for a quick recovery.
The U.S. Labor Department said unemployment rose from 9.4 percent to 9.5 percent in June, triggering a sharp downturn in U.S. stock markets.
Crude oil prices fell $2.84 to $66.36 per barrel. Heating oil prices lost 0.067 cents to $1.698 per gallon. Reformulated blendstock gasoline fell 0.078 cents to $1.783 per gallon. Natural gas prices fell 0.141 cents to $3.644 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $2.629 Thursday, down from Wednesday's $2.63 a gallon, AAA said.
Copyright 2009 by United Press International.
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Thu, 02/07/2009 - 02:21 by Salinder Kumar
New York -- Crude oil prices slid close to $69 per barrel on the New York Mercantile Exchange Wednesday in spite of lower crude oil stockpiles.
The U.S. Energy Information Administration said stockpiles of crude oil fell by 3.7 million barrels in the week ending June 26.
Crude oil prices fell 69 cents Wednesday to $69.20 per barrel. Heating oil prices fell 0.0227 cents, to $1.765 per gallon. Reformulated blendstock gasoline rose 0.041 cents, to $1.861 per gallon. Natural gas prices rose 0.05 cents, to $3.785 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $2.63 Wednesday, down from Tuesday's $2.633 a gallon, AAA said.
Copyright 2009 by United Press International.
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Sat, 27/06/2009 - 02:12 by Salinder Kumar
New York -- Crude oil prices slid below $70 per barrel on the New York Mercantile Exchange Friday, as Thursday's stock market rally faded.
Crude oil prices fell $1.03 Friday to $69.37 per barrel. Heating oil prices rose 0.0087 cents to $1.739 per gallon. Reformulated blendstock gasoline rose 0.0049 cents to $1.879 per gallon. Natural gas prices gained 0.041 cents to $3.99 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $2.658 Friday, down from Thursday's $2.667 a gallon, AAA said.
Copyright 2009 by United Press International.
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Wed, 24/06/2009 - 02:28 by surajdogra
New York -- Crude oil prices climbed above $69 per barrel on the New York Mercantile Exchange Tuesday after tumbling overnight on waning confidence in the economy.
Crude oil prices gained $2.52 to $69.27 per barrel. Heating oil prices gained 0.0444 cents to $1.7725 per gallon. Reformulated blendstock gasoline rose 0.0519 cents to $1.9024 per gallon. Natural gas prices fell 0.031 cents to $3.89 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $2.683 Tuesday, down from Mondays $2.69 a gallon, AAA said.
Copyright 2009 by United Press International.
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Fri, 19/06/2009 - 02:56 by Salinder Kumar
New York -- Crude oil rose slightly on the New York Mercantile Exchange, although U.S. prices have dropped from a recent peak above $72 per barrel.
Crude oil added 35 cents Thursday to $71.23 per barrel. Heating oil fell 0.0246 cents to $1.8349 per gallon. Reformulated blendstock gasoline slid 0.0034 cents to $2.0169 per gallon. Natural gas prices fell 0.165 cents to $4.077 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $2.685 Thursday, up from Wednesday's $2.679 a gallon, AAA said.
Copyright 2009 by United Press International.
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Sat, 13/06/2009 - 03:09 by surajdogra
New York -- Crude oil prices settled back on the New York Mercantile Exchange Friday after jumping to nearly $72.50 a barrel in the previous trading session.
Crude oil prices lost 25 cents to $72.17 per barrel Friday. Heating oil prices fell 0.0112 cents to $1.84 per gallon. Reformulated blendstock gasoline lost 0.0084 cents to $2.05 per gallon. Natural gas prices shed 0.05 cents to $3.889 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $2.639 Friday, up from Thursday's $2.632 a gallon, AAA said.
Copyright 2009 by United Press International.
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Fri, 12/06/2009 - 02:57 by surajdogra
New York -- Crude oil prices topped $72 per barrel on the New York Mercantile Exchange Thursday with the weak dollar and rising demand for gasoline providing support.
Crude oil prices gained $1.13 to $72.42 per barrel. Heating oil prices gained 0.0196 cents to $1.8512 per gallon. Reformulated blendstock gasoline rose 0.0469 cents to $2.0584 per gallon. Natural gas prices rose 0.225 cents to $3.939 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was
$2.632 Thursday, up from Wednesday's $2.627 a gallon, AAA said.
Copyright 2009 by United Press International.
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Thu, 11/06/2009 - 02:28 by Salinder Kumar
New York -- Crude oil prices jumped Wednesday, topping $71 per barrel on the New York Mercantile Exchange.
Crude oil prices gained $1.44 to $71.29 per barrel. Heating oil prices gained 0.0276 cents to $1.8316 per gallon. Reformulated blendstock gasoline rose 0.046 cents to $2.0115 per gallon. Natural gas prices fell 0.028 cents to $3.714 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $2.627 Wednesday, up from Tuesday's $2.622 a gallon, AAA said.
Copyright 2009 by United Press International.
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Thu, 28/05/2009 - 11:00 by Salinder Kumar
New York -- Crude oil prices rose slightly on the New York Mercantile Exchange Wednesday, as oil ministers gathered in Vienna to discuss production quotas.
Ministers of the Organization of Petroleum Exporting Countries cut quotas by 4.2 million barrels a day in September and could take a wait-and-see approach this week. Oil prices have gained more than $10 per barrel in the past month.
On Wednesday, crude oil prices gained 27 cents to $62.99 per barrel. Heating oil prices held steady at $1.55 per gallon. Reformulated blendstock gasoline rose 0.0066 cents to $1.8786 per gallon. Natural gas prices rose 0.075 cents to $3.637 per million British thermal units.
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Fri, 15/05/2009 - 11:05 by Salinder Kumar
New York -- Crude oil prices rose slightly on the New York Mercantile Exchange Thursday on retail news and job figures that point to a continued slowdown in demand.
The U.S. Commerce Department said Wednesday retail sales fell 0.4 percent in April. On Thursday, the Labor Department said first-time claims for unemployment benefits jumped by 32,000 in the week ending May 9.
The International Energy Agency in Paris said global oil demand would fall further than expected a month ago, dropping by 2.56 million barrels a day in 2009.
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Thu, 14/05/2009 - 11:36 by Salinder Kumar
New York -- Crude oil prices fell on the New York Mercantile Exchange Wednesday, although the U.S. Energy Information Administration said inventories dropped in the week.
Crude oil inventories declined by 4.7 million barrels in the week ending May 8. Gasoline inventories also declined, the government said.
Prices for crude oil fell 72 cents to $57.97 per barrel. Heating oil prices fell 0.0152 cents to $1.49 per gallon. Reformulated blendstock gasoline rose 0.0208 cents to $1.6875 per gallon. Natural gas prices fell 0.272 cents to $4.219 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $2.267 Wednesday, up from Tuesday's $2.248 a gallon, AAA said.
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Tue, 28/04/2009 - 10:09 by Salinder Kumar
New York -- Crude oil prices fell on the New York Mercantile Exchange Monday as commodities were undermined by an outbreak of the swine flu.
Crude oil fell $1.42 to $50.13 per barrel while health departments warned the swine flu, which broke out in Mexico, could become pandemic.
Heating oil prices fell 0.037 cents to $1.3285 per gallon. Reformulated blendstock gasoline dropped 0.0353 cents to $1.4030 per gallon. Natural gas prices fell 0.012 cents to $3.261 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $2.05 Monday, down from Sunday's $2.052 a gallon, AAA said.
Copyright 2009 by United Press International.
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