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Dhaka Saturday,  Sep 23, 2017

Petroleum

aboil-price-rise Oil prices started the new year Thursday with a gain amid hopes for stronger demand following a 7 percent surge in 2013. Benchmark oil added 28 cents to $98.70 on the New York Mercantile Exchange. Hopes for the solid demand in coming months are pegged to the signs of a recovery in the U.S., which is expected to help revive other major global economies. Brent crude, a benchmark used to... »
asoil-pricese Oil prices were mixed in thin Asian trade Monday as investors focused on a fall in US crude inventories, indicating robust demand in the world’s top consumer. New York’s main contract, West Texas Intermediate (WTI) for February delivery, was down ten cents at $100.22 in mid-morning trade while Brent North Sea crude for February gained 18 cents to $112.36. The US Department of Energy on Friday reported that crude inventories... »
oil-prices-edge-further-below-99 Oil prices edged further down below $99 Tuesday after gaining more than $2 last week on signs of improvement in the U.S. economy. Benchmark U.S. oil for February delivery was down 20 cents to $98.71 a barrel in electronic trading on the New York Mercantile Exchange. Last week, oil rose nearly 3 percent after positive economic news that the U.S. economy had accelerated to 4.1 percent growth in the third... »
aoil-prices-turne Oil prices turned lower in pre- holiday trading Monday, but retained support from bullish US economic data that have raised hopes of resurgent demand in the world’s top crude consumer, analysts said. New York’s main contract, West Texas Intermediate for February delivery, was down 10 cents at $99.22 in afternoon trade while Brent North Sea crude for February also eased 10 cents to $111.67. Desmond Chua, market analyst at CMC... »
NEW YORK, Dec 14 (BSS/AFP) – Oil prices traded mixed yesterday as Libya was expected to begin exporting more crude into a market already flush with supply. On the New York Mercantile Exchange, West Texas Intermediate crude for January delivery fell 90 cents to $96.60 a barrel. In London, Brent North Sea crude for January finished 16 cents higher at $108.83. Traders were waiting to see if a Libyan tribe... »
LONDON, Dec 14 (BSS/AFP) – Crude oil futures retreated this week on oversupply concerns as commodity traders focused largely on the outlook for US stimulus. OIL: Oil prices slid on Friday as dealers fretted over a global oversupply in crude, while speculation the US Federal Reserve will soon scale back its stimulus programme also weighed. “Investors are not only concerned about an oversupply in the US from shale oil, but... »
oil-prices-climb-in-asian-trade SINGAPORE, Dec 09, 2013 (BSS/AFP) – Oil prices rose in Asian trade Monday as robust US jobs data boosted hopes for stronger energy demand in the world’s biggest economy. New York’s main contract, West Texas Intermediate (WTI) for January delivery, was up 23 cents at $97.88 a barrel in mid- morning trade, while Brent North Sea crude for January rose 13 cents to $111.74. Singapore’s United Overseas Bank said in... »