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New York Oil Price Surge on Midle East Unrest, Three Days Decline as China Jump Slowly
Oil surged the most this month amid mounting Middle East tensions, narrowing a record spread between U.S.-traded West Texas Intermediate and Brent in London. Oil fell for the first time in three days in New York because of signs that China’s measures to cool inflation may curb economic growth in the world’s second-biggest crude user. [...]
Saturday, February 19th, 2011Supply of Crude Oil Rise on Cushing Pipeline, Oil Fluctuates on Equities
Crude oil stockpiles rose in US for a fifth week as TransCanada Corp. completed an extension of a pipeline to Cushing, Oklahoma, adding to a glut at the country’s biggest oil-trading hub. Inventories climbed 2 million barrels, or 0.6 percent, in the seven days ended Feb. 11 from 345.1 million a week earlier, according to [...]
Tuesday, February 15th, 2011Crude Oil Future Trading Market Prices
Crude oil prices measure the spot price of various barrels of oil, most commonly either the West Texas Intermediate or the Brent Blend. The OPEC basket price and the NMEX Futures price are also sometimes quoted. West Texas Intermediate (WTI) crude oil is of very high quality, because it is light-weight and has low sulphur [...]
Monday, March 1st, 2010