Americas
Thursday, 23 May 2013 03:42
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NEW YORK: Oil prices fell on Wednesday as a rise in US gasoline inventories prompted selling, then crude extended losses in late trading after minutes from a Federal Reserve policy meeting sent US stock markets down.US equities fell in choppy trading, with the Dow briefly down more than 1 percent, after the Fed released minutes of its April 30-May 1 meeting. The minutes indicated a debate over how soon to start scaling back the central bank's bond-buying program of economic stimulus.Brent crude futures fell $1.31 to settle at $102.60, after shedding nearly a dollar in the previous session. Brent prices fell further in post-settlement trading, down $1.52 at 4:54 p.m. EDT (2054 GMT).US crude settled down $1.90 at $94.28 a barrel, its biggest one-day loss since May 1. It extended losses in post-settlement trading, sliding as low as $94.01."You had a couple of Fed governors talking about ending quantitative easing ...
NEW YORK: Oil prices sank Wednesday following a bearish US oil inventory report and amid speculation that the Federal Reserve quantitative easing program could be curtailed sooner rather than later.The price of US benchmark West Texas Intermediate for July delivery settled at $94.28 per barrel on the New York Mercantile Exchange, down $1.90 from Tuesday.The price of European benchmark Brent North Sea crude for delivery in July closed at $102.60 per barrel in London, a ...
NEW YORK: US natural gas futures rose more than 2 percent on Tuesday, extending gains for a third straight session, as warmer weather blanketing much of the nation boosted demand for air conditioning."The natural gas rally continued for yet another session, not a major surge, but a decent three-day rally which is looking more like new buying is starting to come back into the market after two weeks in a row of the speculative community ...
NEW YORK: Crude prices fell on Tuesday, led lower by a sharp drop in US gasoline futures as traders bet the market would be well supplied this summer, and as an industry report showed rising fuel stockpiles in the world's largest oil consumer.After the market settled, the American Petroleum Institute said US crude oil stocks rose by more than 500,000 barrels last week, trumping analyst expectations for them to fall, while gasoline stocks jumped by ...
NEW YORK: US natural gas futures rose more than 2 percent early on Monday as the return of weekday industrial demand brought with it warmer weather forecasts for the rest of the month.Futures extended Friday's big gains, which came after the Obama administration approved unrestricted natural gas exports from Freeport LNG's Texas terminal, the first liquefied natural gas project to be approved since the start of a heated debate over how best to benefit from ...
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