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Oil Price Fall in International Oil Market as US Corporate Earning Disappoint

Oil price in global world fall on disappointing corporate earnings in America and doubts that European leaders can agree on a plan to resolve that region’s debt crisis. The price of Brent, which is used to price oil imported into the U.S., fell 53 cents to end the day at $110.92 per barrel. “There’s a [...]

Wednesday, October 26th, 2011

Oil Prices Surge USD 112 per barrel as Dollar Jitters from Major Oil Suppliers

Prices oil surged above $112 per barrel Friday following a drop in the dollar and continued jitters about shipments from the world’s major oil suppliers. Benchmark West Texas Intermediate crude oil for May delivery jumped $2.49, or 2.3 percent, to settle at $112.79 per barrel on the New York Mercantile Exchange. Crude oil set new [...]

Friday, April 8th, 2011

Supply 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, 2011