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Oil prices edge higher as Ukraine tensions mount NEW YORK: Global oil prices pushed higher Thursday as tensions mounted over Russia's incursion into Ukraine's Crimean peninsula.New York's main contract, West Texas Intermediate (WTI) for April delivery, added 11 cents, finishing at $101.56 a barrel. Brent North Sea crude for April gained 34 cents at $108.10 a barrel in London deals.WTI prices were lower in early trade but spiked almost $2, and Brent gained $1, after US President Barack Obama toughly challenged Moscow's support for a referendum in Crimea on joining Russia."The proposed referendum on the future of Crimea would violate the Ukrainian constitution and violate international law," Obama said."Any discussion about the future of Ukraine must include the legitimate government of Ukraine.""In 2014, we are well beyond the days when borders can be redrawn over the heads of democratic leaders," the US president said.Earlier, the parliament in Crimea, under the de facto control of pro-Russian forces since the ...

Oil prices retreat as Ukraine tension lessens NEW YORK: Oil prices retreated on Tuesday from the prior day's surge as tension eased over the Ukraine crisis, tamping down concerns about potential supply disruption.The benchmark US crude futures contract, West Texas Intermediate (WTI) for April delivery, shed $1.59 to close at $103.33 a barrel on the New York Mercantile Exchange.Brent North Sea crude for delivery in April, the key European contract, tumbled $1.90 to $109.30 on the IntercontinentalExchange in London.On Monday, WTI had ...
Bakken oil-train loadings up again on Monday: Genscape NEW YORK: Oil-by-rail shipments via a dozen major loading terminals in the Bakken region in North Dakota rose again on Monday after running at unusually low rates last week following new US testing and shipping regulations, Genscape data showed on Tuesday. A total of 688,425 barrels of crude was loaded at 11 terminals on Monday, up from 665,000 on Sunday and more than double the average rate of the four days proceeding Sunday, according to ...
Oil prices jump on supply fears over Ukraine crisis NEW YORK: Global oil prices soared to the highest levels this year on Monday as the Ukraine crisis raised concerns about disruptions to energy supplies.New York's main contract, West Texas Intermediate (WTI) for April, surged $2.33, or 2.3 percent, to settle at $104.92 a barrel, the highest close since September.Brent North Sea crude for delivery in April shot up $2.13 (2.0 percent), finishing at $111.20 a barrel in London trade."The on-going uncertainty in Ukraine has ...
For oil traders, a vexing new risk: US politics NEW YORK: Oil traders are past masters at handicapping geo-political risks, from war in the Middle East to resource nationalists in Latin America. Lately, they face another confounding political landscape: Washington. As a bounty of shale oil transforms the trading landscape across North America, US policymakers are being confronted with a host of issues that hold immediate and material implications to energy companies, investors and traders. While energy policy has typically ...
U.S. oil prices rise as Bakken crude rail shipments fall NEW YORK: U.S. oil on Friday had its eighth straight week of gains on market talk of fewer oil rail shipments from the booming Bakken shale in North Dakota.Brent oil settled moderately higher but ended the week lower, weighed down by an outlook for dampening demand in China and another for stymied European growth due to uprisings in Ukraine.Crude oil loadings at a dozen major North Dakota rail terminals fell by more than 200,000 barrels ...
Kerry stays mum on Keystone pipeline deliberations WASHINGTON: US Secretary of State John Kerry Wednesday refused to give away any hint on whether he will approve a controversial Canada to US oil pipeline, saying he was intensely studying the plan.The Keystone XL pipeline, first proposed in 2008, is slated to cross US borders bringing oil from the tar sands of Alberta to refineries in the US state of Nebraska and then further south to Texas.But it has been long delayed awaiting an ...


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