oil futures

Results 41 - 50 of about 85 news for the tag: oil futures.

Oil Slides Back from New Record

May 13th, 2008

Before pulling back, oil prices spiked to a new record above $126 a barrel, as some investors bought on worries of falling supply and others sold on a stronger dollar.
Light, sweet crude for June delivery jumped to a new record of $126.40 a barrel on the New York Mercantile Exchange before falling back to settle [...]

Oil hits record high 126.40 dollars

May 12th, 2008

The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and ongoing supply fears in Nigeria, traders said.
New York crude beat its all-time peak of 126.27 dollars, reached last Friday.
Later Monday, New York’s main oil futures contract, light sweet crude for June delivery, stood [...]

Oil prices, gas at the pump rise to new records

May 9th, 2008

Oil prices rose to a new settlement high after a bumpy day of trading, and gas prices at the pump climbed nearly 3 cents overnight to a new national record.
Light, sweet crude for June delivery rose 16 cents to reach a settlement record of $123.69 a barrel on the New York Mercantile Exchange after trading [...]

Oil again surges to new record

May 8th, 2008

Oil prices hit a new record near $124 a barrel after the U.S. Energy Department said diesel and heating oil supplies unexpectedly fell last week.
Light, sweet crude for June delivery hit a new high of $123.80 on the New York Mercantile Exchange before retreating slightly to settle up $1.69 at a record $123.53 a barrel.
The [...]

Oil prices race above $122 a barrel

May 7th, 2008

Crude oil futures shot well past the previous day’s record as traders pounced on a prediction by Goldman Sachs that prices could rise to $150 to $200 within two years. A weakening dollar and rising worries about falling production in Mexico and Russia also pushed prices higher, analysts said.
Light, sweet crude for June delivery jumped [...]

Oil tops $120 a barrel

May 6th, 2008

Crude oil futures leaped to a new all-time high above $120 a barrel as supply concerns grew and the U.S. dollar weakened against the euro. Retail gasoline and diesel prices eased over the weekend, although pricier oil threatens to push them higher again.
Light, sweet crude for June delivery jumped to a new trading record of [...]

Oil prices lower in Asian trade

May 5th, 2008

World oil prices were slightly lower in Asian trade on Monday after fresh unrest in Africa’s biggest crude producer, Nigeria.
New York’s main oil futures contract, light sweet crude for June delivery, was 13 cents lower at 116.19 dollars per barrel.
The benchmark contract rallied 3.80 dollars to close at 116.32 dollars on Friday at the New [...]

Oil prices steady above $116, supported by supply worries but capped by stronger dollar

May 5th, 2008

Oil prices held steady Monday, supported by weekend news of an attack on a Nigerian oil installation, but with gains limited by the strengthening of the U.S. dollar.
Royal Dutch Shell PLC spokesman Precious Okolobo said Saturday that attackers hit a flow station belonging to Shell’s joint venture in southern Nigeria and that some oil production [...]

Gasoline Price Rise Stalls

May 3rd, 2008

For the first time in 18 days, retail gasoline prices fell — if only slightly. Some analysts think pump prices may be near or at a peak for the year. Oil futures, meanwhile, soared after Turkish airstrikes on Kurdish rebel bases in Iraq injected some supply concerns into the market and the Labor Department’s employment [...]

Oil Futures Pushed Down by Higher Inventories

May 3rd, 2008

Oil prices fell after the Federal Reserve cut interest rates and a government report said fuel supplies unexpectedly fell last week.
Light, sweet crude for June delivery fell $2.17 to settle at $113.46 a barrel on the New York Mercantile Exchange.
The Fed, as expected, said it will cut the federal funds rate by a quarter percentage [...]


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