Sunday, May 6, 2012

Oil prices

  • NEW YORK -- The price of oil suffered its biggest one-day decline in nearly six months Friday, falling below $100 per barrel for the first time since February. A drop in gasoline prices cant be far behind.
  • (Huffington Post)
  • NEW YORK (CNNMoney) -- Oil prices have plunged 6% last week, erasing the gains of recent months and easing fears about $5-per-gallon gas at least for now. The price of U.S.
  • (kpax)
  • Oil prices rose Tuesday after growth in the U.S. and Chinese manufacturing sectors signaled more demand for energy products.
  • (Yahoo Finance)
  • The price of oil plunged to its lowest level in nearly six months Friday, falling below $100 per barrel for the first time since February. A drop in gasoline prices cant be far behind.
  • (The Christian Science Monitor)
  • NEW YORK (AP) -- The price of oil dropped below $100 per barrel for the first time since February following a disappointing U.S. jobs report and some signs of a slowing world economy. Benchmark West Texas Intermediate crude fell as low as $97.
  • (Indiana Gazette)
  • NEW YORK May 6 (Reuters) - The average price for a gallon of regular gasoline in the United States fell about 7 cents to $3.85 over the past two weeks due to the drop in crude oil prices, according to the nationwide Lundberg Survey.
  • (Reuters UK)
  • Rarely has the world economy been in such an uncertain condition — with oil supply plentiful and at the same time oil prices the level they are. The price of the Opec basket of crude at the beginning of February was $110.
  • (Gulf News)
  • It's official: The oil sell-off is in full effect. Since peaking in mid-March, oil prices are down nearly 10 percent, pushed lower by weaker economic news and the realization that, for now, there's plenty of supply on hand.
  • (Businessweek)
  • Oil prices were in free fall Friday as worries about a weakening global economy combine with seemingly ample supplies and less fear of a confrontation with Iran. Traders also point to new margin requirements by the CFTC, announced Thursday.
  • (CNBC)
  • NEW YORK (AP) -- Shares of oil companies mostly fell Monday as broader anxiety about the economy pulled down oil prices and other stocks. A notable exception was Exxon Mobil Corp.
  • (Yahoo Finance)

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