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hovers below $97 as traders eye US supplies
SINGAPORE -- prices hovered below 97 a barrel Tuesday in Asia amid trader concern U.S. crude supplies will continue to rise because of weak demand. Benchmark crude for March delivery was up 2 cents at 96.93 a barrel at midday Singapore ...
Trades Near 2-Day Low Amid Speculation U.S., Europe Demand Will Ease
traded near a two-day low in New York on speculation fuel demand may falter as Europe struggles with its debt crisis and stockpiles increase in the U.S. the worlds biggest crude consumer. Futures were little changed after dropping 1 ...
VEGOILS-Palm hits near three-week high, USDA report eyed
* Palm to hover around 3115 ringgit -technicals * Malaysian exporters stop supplying palm to Iran -sources * Indonesias Bumitama revives 160 mln Singapore IPO -sources Updates prices By Chew Yee Kiat SINGAPORE Feb 8 Reuters ...
Up on Volatile Spread Trade, Weak Dollar
Brent crude rose slightly on Tuesday and U.S. crude jumped more than 1.5 percent bolstered by an unplanned outage at a Canadian sands plant and optimism about an agreement on Greeces debt crisis. An Alberta plant that processes Canadian sands was ...
Global demand forecasts could be cut this week
LONDON Feb 6 Reuters - The International Energy Agency may reduce its world demand forecast for 2012 this week due to a weaker outlook for the world economy even though some evidence points to stronger consumption in the latter part of the year.
rises after dip in U.S. crude stockpiles
rose to its highest in more than a week in New York after a report showed U.S. stockpiles shrank signaling increased demand in the worlds biggest crude consumer. West Texas Intermediate futures climbed to 99.88 a barrel the highest ...
firm ahead of EIA inventory report
Geopolitics and support from the macro price drivers sent prices higher yesterday...including WTI which has been the main laggard in the complex. WTI found additional support as modest profit taking selling hit the surging BrentWTI ...
NeighborOil and FreeCause Partner to Reduce Home Heating Costs
BOSTON Feb. 7 2012 PRNewswire --Recent start-up NeighborOiland rewards technology leader FreeCausehave partnered to offer consumers innovative new technology that allows members to earn points simply for shopping online which they can then ...
Green groups slam big on 'lobby-busting' tour
OTTAWA A powerful Canadian and gas industry group has been systematically lobbying European embassies in recent months against proposed climate change legislation that discourages high-polluting transportation fuels such as crude ...