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Crude In The News

Crude Oil Advances First Time in Three Days on Middle East Supply Concern

Oil climbed for the first time in three days in New York as civil unrest spread from Egypt to crude-producing countries in the Middle East, renewing concern supplies may be disrupted. Futures gained as much as 0.7 percent after demonstrators clashed with ... Source: Yahoo Finance

NYMEX-Crude edges up as Egypt protests continue

NEW YORK, Feb 11 (Reuters) - U.S. crude oil futures prices edged up on Friday as protests continued in Egypt and kept concerns that tensions could disrupt oil flows or spread to major producers in the region in focus. In London, ICE Brent crude futures ... Source: Reuters

ChemChina unit gets small crude oil import quota

BEIJING Feb 15 (Reuters) - Shenyang Chemical Co Ltd , a unit of top Chinese chemical maker ChemChina, has won government approval to import 720,000 tonnes or 5.3 million barrels of crude oil a year to feed a special ethylene making unit. The imports can ... Source: Reuters

Yen Weakens, Crude Oil Rises Before U.S., Europe Economic Data

Feb. 15 (Bloomberg) -- The yen weakened and oil rose from an 11-week low before U.S. and European economic data that may signal an improving global recovery. Treasuries fell for the first time in three days. The yen fell to 112.70 per euro from 112.40 ... Source: BusinessWeek

Crude oil lingers above $85.00

FXstreet.com (Barcelona) - Crude futures are little moved so far today, trading within a tight range around $85.00 despite a range of economic data released over the previous hours of trading. The front month contract currently quotes at $85.04 a barrel ... Source: FXStreet.com

Brent crude closes above $103 a barrel

NEW YORK (AFP) – Oil prices were mixed Monday, as crude fell in New York but surged above $104 a barrel in London to fresh two-year highs on growing concern that Egypt-style unrest could spread in the Middle East. New York's main contract, light sweet ... Source: YAHOO!

NYMEX-Crude dips, eyes Middle East lifting Brent

NEW YORK, Feb 14 (Reuters) - U.S. crude oil futures prices dipped on Monday as the high inventories in the United States continued to provide pressure even as uncertainty in the Middle East supported ICE Brent front-month April crude futures in London. A ... Source: Reuters

OIL FUTURES: Crude Tad Higher As Mubarak Exit Lifts Equities

SINGAPORE (MarketWatch) -- Crude-oil futures were slightly higher in Asia trade Monday, paring losses sustained Friday, as regional equities rose following easing geopolitical concerns over unrest in Egypt after Friday's resignation of President Hosni ... Source: Marketwatch

Dispute on crude sign could cost NC town $225K

A dispute between the town of Cary and a homeowner over his blunt protest sign may end up costing the Wake County town nearly $225,000. The News & Observer of Raleigh reports the figure comes from a judgment the town was ordered to pay David Bowden and ... Source: Erie Times-News

Crude Oil Trades Near 10-Week Low After Egypt’s Mubarak Resigns

Feb. 14 (Bloomberg) -- Oil traded near the lowest in more than 10 weeks after Egyptian President Hosni Mubarak stepped down and handed power to the military, reducing concern that crude shipments from the Middle East will be disrupted. Futures slipped 1.3 ... Source: BusinessWeek