Crude oil prices started Friday in volatile territory after the U.S. government reported the economy added more jobs in July, though key metrics were unchanged. Crude oil prices rallied during the latter half of the week after a brief dip below $40 per barrel. Federal U.S. data show a mixed ... Read More »
Lackluster earnings reports out early Wednesday balanced against assessments on the market trajectory to leave crude oil prices in mixed territory. Hess Corp. and Norwegian energy company Statoil were among those reporting weak results in their latest disclosures. This year saw crude oil prices so far drop below $30 per ... Read More »
Crude oil prices searched for momentum in early Thursday trading amid uncertainty about the prospects for major energy market recovery. Goldman Sachs in a research note Thursday said there were tit-for-tat forces ranging from a slowdown in North American oil to higher production in Iran that made for an uncertain ... Read More »
A low estimate of U.S. gross domestic product and steep losses from some of the world’s biggest energy companies sent crude oil prices down early Friday. U.S. supermajor Chevron Corp. reported a loss of $1.5 billion, its third quarterly loss. “The second quarter results reflected lower oil prices and our ... Read More »
The cost of food, clothing and transportation has only been inching up slowly in the last year, helping American households make ends meet. But for renters, the pressure on their paychecks keeps rising. The latest sign came from the government’s monthly report on the consumer price index, which breaks out ... Read More »
The cost of purchasing a home, already sky-high, has continued to rise across the country—more than twice as fast as inflation, on average—leaving many to wonder how they could possibly come up with the necessary cash for a down payment. (Is it possible for one to sell both kidneys?) Home ... Read More »
An increase in oil prices, along with refinery slowdowns and higher demand, means U.S. retail prices for gasoline are on the rise, market analysts found. Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline Tuesday at $2.11, unchanged from the previous day, but ... Read More »
Oil prices recovered from recent declines on pressure from oil labor strikes in Kuwait, though economic and production pressures pulled on Tuesday’s rally. Oil prices were off as much as 7 percent before the start of Monday trading in New York after talks between major oil states in Doha collapsed ... Read More »
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia and Iran were blamed for the failure, which revived ... Read More »
WASHINGTON, April 12 — A high level of supplies on the U.S. market helped push retail gasoline prices lower despite a rally in crude oil prices, motor club AAA reported. AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.05 per gallon, a slight ... Read More »
NEW YORK, April 12 —Anticipation over a weekend meeting in Doha on a possible oil production freeze overshadowed a subdued IMF report, giving oil prices a lift early Tuesday. Russian Energy Minister Alexander Novak said he was “optimistic” that major producers gathering for a weekend meeting in Doha would hold ... Read More »
SINGAPORE: Crude futures jumped on Wednesday as hopes for an agreement among exporters to freeze output underpinned the market, although persistent global oversupply and Iran’s plans to boost production pressured physical oil prices. Oil futures recovered from one-month lows to end the previous session up after the Kuwaiti governor for ... Read More »
