Saturday, 01 September 2012 03:29
Posted by Abdul Ahad
NEW YORK: Brent crude rose on Friday and posted 9.19 percent gain for August after Federal Reserve Chairman Ben Bernanke said the Fed stood ready to bolster the economy if necessary, and on concerns about North Sea supply and a weaker dollar.
Brent October crude rose $1.92, or 1.70 percent, to settle at $114.57 a barrel. For the month, Brent crude rose $9.65, or 9.19 percent, a second straight monthly rise and the biggest monthly percentage gain since February 2012.
Copyright Reuters, 2012 ...
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NEW YORK: Brent crude rose on Friday and posted 9.19 percent gain for August after Federal Reserve Chairman Ben Bernanke said the Fed stood ready to bolster the economy if necessary, and on concerns about North Sea supply and a weaker dollar.
Brent October crude rose $1.92, or 1.70 percent, to settle at $114.57 a barrel. For the month, Brent crude rose $9.65, or 9.19 percent, a second straight monthly rise and the biggest monthly percentage gain since February 2012.
Copyright Reuters, 2012 ...
NEW YORK: Most US spot natural gas prices s lid on Friday, pressured by lighter industrial demand from shuttered businesses over the long US Labor Day holiday weekend.
But gas at the nation's benchmark supply point, Henry Hub, in Louisiana remained steady on the day, with energy companies still assessing the effects of Hurricane Isaac on their offshore and onshore gas production and distribution systems.
"Because Isaac was such a slow moving storm, there is a bit ...
NEW YORK: US crude futures rose more than $1 on Friday, ahead of a much-anticipated speech by the Federal Reserve chairman and on the dollar's weakness.
US October crude rose $1.20 to $95.82 a barrel at 8:43 a.m. EDT (1243 GMT), having traded from $94.51 to $95.94.
Copyright Reuters, 2012 ...
NEW YORK: Crude oil prices closed mixed Thursday after Hurricane Isaac appeared to have left Gulf of Mexico refiners fairly unscathed and ahead of a keenly anticipated speech by Federal Reserve chief Ben Bernanke.
New York's main contract, West Texas Intermediate (WTI) light sweet crude for October, fell 94 cents to $94.62 a barrel.
In London, Brent North Sea crude for delivery in October edged up 11 cents to $112.65 a barrel.
Fears about disruption to supply in ...
BUENOS AIRES: Argentina's state-controlled energy company YPF said on Thursday it would rely mainly on its cash flow to fund the $37.2 billion in investments needed to boost oil and natural gas output by about a third by late 2017.
President Cristina Fernandez seized control of YPF from Repsol in April, accusing the Spanish oil major of investing too little and making the country increasingly reliant on pricey imports.
Chief Executive Miguel Galuccio, a former executive at ...
HOUSTON: BP Plc said on Thursday that the company would fly crews out to its shut Gulf of Mexico oil and gas platforms for damage inspections after Tropical Storm Isaac's passage when weather permitted, but in the meantime all of its output remained shut.
BP, the biggest oil producer in the Gulf, operates seven platforms in the Gulf including Thunder Horse, the world's largest, which can produce up to 250,000 barrels per day of oil and ...
