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US spot gas rises on post-holiday demand, Hub at 14-mth high  NEW YORK: US spot natural gas prices rose across the nation on Monday, with gas at the nation's benchmark delivery point Henry Hub at its highest level in 14 months.   Traders said prices were lifted by the return of industrial demand following the US Thanksgiving holiday weekend.   Some cold, wintry weather on tap for Tuesday for the Northeast and a large number of nuclear power plants still off line for maintenance added additional support.   Cash prices also traded at a premium to gas futures for the first time since early September as the near-term cold was seen boosting heating demand for the fuel.   But weaker gas futures on Monday, pressured by milder long-term weather outlooks, were expected to limit more upside.   Gas at the nation's benchmark supply point Henry Hub in Louisiana rose 16 cents on average to $3.75 per million British thermal units, its highest mark since late September 2011, according to Reuters data.   Hub ...

Brent, US crude extend losses to more than $1  NEW YORK: Brent and US crude futures fell more than $1 on Monday as concerns about Greek debt talks and US budget negotiations kept the specter of dampened oil demand in focus and pressured oil and equities prices.   Brent January crude was down $1.08 at $110.30 a barrel by 11:16 a.m. EST (1616 GMT), the session low and below the 50-day moving average of $110.58 and the 100-day moving average of $110.48.   US January crude was down ...
Early oil gains fade on news of Gaza ceasefire  NEW YORK: Oil was little changed on Wednesday, erasing early gains after a ceasefire between Isreal and Hamas ended eight days of fighting in the Gaza strip.   The midday retreat extended several days of volatile oil trading, with prices whipsawed between fears of a deepening conflict that could engulf regional oil superpowers and hope for a ceasefire. Prices had earlier risen by more than $1.50 a barrel after an explosion on a Tel Aviv bus.   But a ...
Oil rises nearly 3pc on Mideast tensions, US optimism  NEW YORK: Oil rose nearly 3 percent on Monday to its highest price since mid-October, fuelled by supply concerns as violence in the Middle East escalated and as investors grew more hopeful that a US budget crisis will be averted.   Traders focused on the growing Israeli-Palestinian conflict. Israel bombed dozens of targets in the Gaza Strip on Monday and said that while it was prepared to step up its offensive by sending in troops, it preferred ...
US spot gas prices drop again on milder weather, holiday  NEW YORK: US spot natural gas prices fell across the board on Friday, following through on Thursday's losses as near-term milder weather and the Thanksgiving holiday were expected to dampen heating demand.   Temperatures were seen mostly above normal for most of the nation for the next 10 days, with much-above-normal readings forecast for the Midwest next week, MDA EarthSat forecasters said on Friday. East Coast and Gulf Coast weather was expected to remain seasonal.   Gas for delivery ...
US oil rig blast injures 9 in Gulf of Mexico  CHICAGO: An explosion and huge fire on an oil platform in the Gulf of Mexico offshore of Louisiana injured nine people and left two others missing, the Coast Guard said Friday.   Petty officer Ryan Tippets told AFP he could no longer confirm an earlier report that two people were killed in the blaze, which was extinguished.   The incident comes a day after BP reached a deal with the US government to settle criminal charges over the devastating ...
Oil prices mixed amid Mideast tensions, US data  NEW YORK: Oil prices were mixed Thursday amid escalating violence between Israel and the Palestinians, weak US economic data and a rise in US crude supplies.   New York's main contract, West Texas Intermediate (WTI) for December delivery, closed at $85.45 a barrel, down 87 cents from Wednesday.   In London trade, Brent North Sea crude for delivery in December leaped $1.37 to settle at $110.98 a barrel.   Despite sharply rising tensions in the oil-rich Middle East as Israel and ...


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