March 2011
30th March 2011
Oil Prices Fall
Oil prices fell to near $104 a barrel Wednesday March 30, 2011 after a report showed U.S. crude supplies rose more than expected last week, suggesting rising fuel costs may be crimping demand.
By early afternoon in Europe, benchmark crude for May delivery was down 47 cents to $104.32 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 81 cents to settle at $104.79 on Tuesday March 29, 2011.
In London, Brent crude was down 38 cents at $114.78 a barrel on the ICE futures exchange. Read more »
4th March 2011
Oil Falls To Near $101 Amid Libya Mediation Hopes
Oil prices fell to near $101 a barrel Thursday March 3, 2011 in Asia amid efforts toward a mediated resolution to the conflict in Libya which has cut crude supplies by more than half from the OPEC nation.
Benchmark crude for April delivery was down $1.06 at $101.17 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract added $2.60 to settle Wednesday at $102.23, the highest settlement since Sept. 26, 2008.
In London, Brent crude for April delivery was down $1.50 to $114.85 a barrel on the ICE Futures exchange. Read more »
Categories
Archives
- February 2011 (12)
- March 2011 (13)