Home Posts Tagged "crude oil prices"

crude oil prices

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Crude oil prices declined in Asia on Monday, as traders took profit, where US Crude Futures tumbled by about 6.1 per cent, extending last …

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U.S. crude oil prices decline to $60 per barrel Thursday, extended huge losses after a two consecutive sessions. The US government data showed an …

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Business and economy, gas. All know that the latest exceedingly influences the first one, so it comes as no surprise at all that everybody look at the rise of gas with that bitter taste in mouth. Due to latest news aren’t exactly the best ones. Just less than two weeks ago you were reading about Turning point for U.S. oil production, U.S. oil production finally exceeded oil consumption, everybody hardly waited for this to happen, but then this week we get Gas rise.

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From a $128 per barrel in March, a breath taking four year high hit in the crude oil prices, the NYMEX Crude oil prices today lingers a little below $100 a barrel. While the other oil producers in the Middle East are worried at such a steep decrease and Iraq is probably suggesting a control in the oil output to sky rocket the oil prices again, Saudi Arabia, a key contributor among OPEC, is all happy about it.

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A high rise in the oil market shot the crude oil prices above $ 102 a barrel in Asia. The rise in the crude oil prices come as Iran decided to increase threats to cut the supply of crude oil to many of the European countries from the region after sanctions were imposed by the European Union against the Iranian energy and banking sectors.

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Due to weak economic growth projections in the United States, slumping manufacturing activity in China, and continuing instability in Europe, oil prices dropped yesterday …

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Crude oil and natural gas prices in New York are dropping, according to the latest reports. The crude oil futures contract on the 12th of October closed at a rate lower than was expected. With weather conditions easing up and natural gas reserves expected to grow, natural gas prices in New York too have dropped, at a rate of 3.6%.

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The already peaking food-prices worldwide are likely to jump again this month according to UN’s Food and Agriculture Organization. “We are entering danger territory,” …

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