West Texas Intermediate and Brent crudes dropped after weaker-than-estimated U.S. jobs growth in August and as Ukraine and pro-Russian separatists agreed to a cease-fire.
Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts
Tuesday, September 9, 2014
Monday, December 30, 2013
Crude Rises Above $100 as U.S. Supplies Fall
West Texas Intermediate crude rose above $100 a barrel for the first time in two months after a government report showed U.S. supplies fell to the lowest level since September.
Prices capped a second weekly gain.
Sunday, August 18, 2013
WTI Oil Trades Near Two-Week High Amid Unrest in Egypt
West Texas Intermediate crude traded near the highest price in two weeks as an escalating conflict in Egypt fanned concern that oil shipments through the country may be disrupted.
Tuesday, August 6, 2013
Oil rises above $107 on Fed stimulus hopes
it more likely the Federal Reserve will continue its stimulus program beyond September.
Benchmark crude for September delivery was up 18 cents to $107.12 at midday Bangkok time in electronic trading on the New York Mercantile Exchange.
Saturday, December 15, 2012
Consumers get break on lower gas prices
Relief at the pump meant a drop in overall prices in November, according to the government's latest inflation reading.
Saturday, September 15, 2012
Rising gas prices crimp Americans' spending
WASHINGTON (AP) — Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months.
Sunday, July 29, 2012
Oil up fourth day as stimulus hopes support
NEW YORK (Reuters) - Oil prices rose a fourth day on Friday on hopes for more stimulus from the U.S. Federal Reserve after data showed U.S. economic growth slowed in the second quarter as expected.
Friday, January 27, 2012
Crude Oil Advances as Fed Commits to Low Rates, Durable Goods Orders Gain
Oil rose after the Federal Reserve announced it plans to keep U.S. interest rates near a record low through 2014 and a report showed durable goods orders in the world’s biggest crude-consuming country increased.
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