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Oil prices edge higher as Ukraine boils NEW YORK: Oil prices pushed higher in quiet trade Monday, gaining support from the Ukraine crisis following a deadly gunfight over the weekend. New York's main contract, West Texas Intermediate for May delivery, added 7 cents to $104.37.In London, where trade was limited to electronic deals due to the Easter holiday, Brent North Sea crude for June rose 42 cents to $109.65 a barrel.Desmond Chua, market analyst at CMC Markets in Singapore, said trading volumes were thin owing to the long Easter weekend. However, investors were increasingly concerned about events in Ukraine, Chua said.A deadly gunfight in a town in the east of the country on Sunday killed at least two pro-Kremlin rebels, shattering an Easter truce and raising fears that Russia would send in troops to the ex-Soviet state.The attack undermined an accord worked out in Geneva last week between Russia, Ukraine and Western powers for pro-Moscow rebel groups ...

Petrobras, Mitsui to study LNG import terminal in Brazil's south RIO DE JANEIRO: Brazil's state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country's southernmost state, Rio Grande do Sul, to supply more fuel for local manufacturers and power generators.Petrobras, as the company is known, announced the plan in a statement late on Tuesday after signing a memorandum of understanding on the project with Mitsui and the government of Rio Grande ...
U.S. crude oil rallies as consumer confidence hits high NEW YORK: U.S. crude oil rose by $1 on Friday as a positive consumer confidence report and high gasoline demand indicated a stronger economy, while Brent was lifted by traders' concerns over tensions between Russia and the West.The International Energy Agency had set a bearish tone for the market earlier in the session after it lowered its global demand forecast for 2014 due to expectations that more Libyan crude will reach the market next week, ...
U.S. oil reserves jump on shale but gas tumbles in 2012: EIA NEW YORK: Proven U.S. oil reserves in 2012 reached the highest level since 1976, boosted by shale plays in Texas and North Dakota, but gas reserves tumbled for the first time in a decade due to low prices, the Energy Information Administration said on Thursday.Production in the world's largest oil consumer is booming thanks to shale oil and gas recovered from tight rocks by drilling long horizontal wells and hydraulically fracturing them, or "fracking."The boost ...
US crude oil rises on spike in gas demand, technical trade NEW YORK: US crude rose by $1 on Wednesday as a rally that started with high gasoline demand was boosted by technical trading, while Brent crude rose modestly due to the tense relations between Russia and the West.US crude oil stocks rose more than expected last week, but the build was overshadowed by a sharp spike in gasoline demand, according to US Energy Information Administration data.The data drove US gasoline and crude oil prices above ...
Oil prices rise on US supplies, Libya deal skepticism NEW YORK: Oil prices advanced Wednesday after a US supply report showed strong gasoline demand and as questions persisted about a full resumption of Libyan oil exports.US benchmark West Texas Intermediate for May delivery rose $1.04 to $103.60 a barrel on the New York Mercantile Exchange.In London. Brent oil for May delivery added 31 cents to $107.98 a barrel. The Energy Information Administration said US crude supplies jumped 4.0 million barrels for the week ended ...
US oil prices jump more than $2 on Ukraine tensions NEW YORK: Global oil prices jumped Tuesday on renewed Ukraine tensions after pro-Russian protesters seized government buildings in the eastern city of Donetsk.New York's West Texas Intermediate (WTI) for delivery in May surged $2.12 to $102.56 per barrel, its highest level in one month.Brent North Sea crude for May gained $1.85 to $107.67 a barrel in London trade."Oil is firming in reaction to heightened tensions in Ukraine, where Russia has warned of civil war if ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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