NEW YORK (Reuters) - Oil futures turned mixed in late trading on Wednesday after leaping to three-month highs on U.S. government data showing a sharp drawdown in domestic crude stockpiles last week and amid worries about lower North Sea oil production.
Showing posts with label U.S. Federal Reserve. Show all posts
Showing posts with label U.S. Federal Reserve. Show all posts
Thursday, August 9, 2012
Thursday, August 2, 2012
Oil pares gains after Fed statement, EIA draw supports
NEW YORK (Reuters) - Oil futures ended off highs in choppy trading on Wednesday after the U.S. Federal Reserve said the economy had lost some momentum but offered no new stimulus, with support still coming from data showing a bigger-than-expected drawdown in U.S. crude stockpiles last week.
Sunday, July 15, 2012
Oil prices fall to below $85 a barrel in Europe
Oil fell below $85 a barrel Thursday on expectations of just a small rise in global demand for crude in 2013 and as signs of slowing global economic growth offset hopes that central banks will soon implement stimulus measures.
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