Oil drifts below $82 in Asia as month-long rally stalls Oil prices drifted below $82 a barrel Friday in Asia, pulling back from a monthlong rally that was fueled by mostly positive news about the U.S. economy. Benchmark crude for April delivery ...
Recent strength in the Canadian dollar may portend a rally in crude prices. Historically, the CAD/USD exchange rate has tracked crude prices reasonably well. Using weekly data going back to 1983, the two series have a 67% correlation. In recent weeks, however, ...
Oil prices climbed sharply Wednesday after OPEC, the cartel that produces 40 percent of world crude, held current output quotas unchanged despite a recent runup in prices. New York's main contract, light sweet crude for April delivery rose 1.23 dollars to close ...
World oil prices rose slightly on Wednesday as OPEC members agreed as expected to hold the cartel's output, while the weekly US energy inventory report was broadly in line with forecasts. New York's main contract, light sweet crude for April delivery rose ...
OPEC oil ministers decide to keep production targets steady OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels and send a message of stability to energy-hungry economies struggling to emerge ...
OPEC formally decided Wednesday to hold oil output steady at its meeting here, according to an OPEC source. "It's a rollover," the source said following a ministerial meeting of Organization of Petroleum Exporting Countries in the Austrian capital. Ministers would then reconvene ...
OPEC was set Wednesday to formally announce a freeze in the cartel's oil output ceiling in the face of recovering crude prices and uncertain economic recovery, member countries said. Ahead of an official announcement on output levels by the Organization of Petroleum ...
OPEC members on Tuesday prepared to announce a freeze in the cartel's oil output ceiling here as crude prices jumped to near 82 dollars. The Organization of Petroleum Exporting Countries was widely expected to maintain its official oil output quota of 24.84 ...
World oil prices rebounded slightly on Tuesday, after recent heavy losses, with traders on tenterhooks on the eve of a key production meeting of the OPEC cartel. New York's main contract, light sweet crude for April delivery rose 32 cents to 80.12 ...
World oil prices rebounded slightly on Tuesday, after recent heavy losses, with traders on tenterhooks on the eve of a key production meeting of the OPEC oil cartel in Vienna. New York's main contract, light sweet crude for April delivery rose 42 ...
