crude oil prices
crude oil prices Articles
thinkstockToday’s report on U.S. crude oil and gasoline inventories underscores a story we have been trying to tell for several weeks now: crude oil and gasoline prices have nowhere to go but down....
Published:
Last Updated:
ThinkstockSince early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of sharply...
Published:
Last Updated:
thinkstockThe spot price for WTI crude briefly fell to $90.27 this morning and still trades well below yesterday’s closing price of $93.51. The AAA Daily Fuel Gauge reports that the average U.S....
Published:
Last Updated:
ThinkstockMarch gasoline prices fell for the first time in 10 years. As of April 1, the price of gas had fallen in 29 of the previous 33 days. Nationally, gas costs 30 cents a gallon less than it did...
Published:
Last Updated:
ThinkstockThe apparent resolution of the banking crisis in Cyprus has sent the price of WTI crude oil up more than 1.5% today, now above $95 a barrel. Brent crude is also up about 0.7%, above $108 a...
Published:
ThinkstockAfter a relentless two-month rise, gasoline prices have come down very modestly. The AAA Fuel Gauge report shows that the average price nationwide for a gallon of regular was $3.696...
Published:
Last Updated:
ThinkstockThe price of Brent crude has dropped this morning on news that the leaky Brent pipeline system has been repaired and is flowing again. The Abu Dhabi-based company that owns the system is...
Published:
Last Updated:
ThinkstockCrude oil prices are approaching $100 again, a level where the commodity has not traded since the autumn. Blame a better economy in China and political problems in the Middle East,...
Published:
Last Updated:
ThinkstockRoyal Caribbean Cruises Ltd. (NYSE: RCL) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the cruise ship operator posted adjusted...
Published:
Last Updated:
thinkstockThe International Energy Agency (IEA) raised its monthly forecast for crude oil demand growth in 2013 by 235,000 barrels a day, from a prior estimate of 865,000 barrels a day to 930,000...
Published:
Last Updated:
thinkstockCrude oil futures topped $96 a barrel earlier today, the highest price since last September. Rising prices follow today’s reports on new jobless claims and new housing starts, both of...
Published:
Last Updated:
thinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets was certainly a contender, as was the huge growth in U.S. oil production....
Published:
Last Updated:
thinkstockYesterday’s election results did, indeed, have an affect on the price of crude today, but not enough to send WTI down nearly 5% shortly before the market closes. Or enough to send Brent...
Published:
thinkstockWTI crude oil is trading down about 1.6% this morning at around $85.70 primarily due to the lack of demand for crude from two large refineries that were shut down due to Hurricane Sandy....
Published:
In a research note to customers, long-time oil bull Goldman Sachs now says that Brent crude prices will tumble to $105 a barrel by the end of next year and could be as low as $85 a barrel by 2016....
Published: