Monthly Archives: August, 2011
Oil Prices Revive Eurozone Comments
Oil prices were swept back into positive territory on Friday eurozone reassuring news. Brent crude oil for October delivery was spiked $ 1.45 to $ 108.44 a barrel and West Texas Intermediate (WTI) light sweet crude for October delivery rose 33 cents to $ 82.84. “Brent has again rally in positive territory on the comments [...]
Rising share prices push oil near $ 88 a barrel
Oil rose Wednesday on renewed optimism about the economy, as traders took their cue from higher share prices. Benchmark West Texas Intermediate crude oil for September delivery rose $ 1.25 to $ 87.89 a barrel in afternoon trading on the New York Mercantile Exchange. Brent crude, which is used to price many kinds of international [...]
OIL FUTURES: Crude Reverses Course, with shares Rising
Crude futures rose Friday, reversing deep overnight losses on a turnaround in the stock market and a weakening of the dollar. Light, sweet crude for September delivery last traded higher by 45 cents, or 0.6%, to $ 82.83 a barrel on the New York Mercantile Exchange. Brent crude for October futures on the ICE exchange [...]
U.S. Gulf lease sale for the first also, because Deepwater Horizon spill
The U.S. government said Friday it would be the first oil and gas lease sale in the Gulf of Mexico to keep, because the Deepwater Horizon explosion and oil spill last year. The proposed sale, scheduled for mid-December in New Orleans, more than 20 million acres in the Gulf, according to a statement from the [...]