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Colas noted that when WTI crude prices ranged between $80 and $100 per barrel between 2008 and 2014, XLE typically outperformed. Old rusted oil rig in a field in Galveston, Texas. (Getty Images ...
Oil extended gains as markets priced the supply impact of recently announced sanctions against Russia's energy market. Oil prices jump to 5-month high over increasing worries of supply crunch ...
In commodity markets, crude oil fell sharply, with West Texas Intermediate (WTI) futures settling nearly 6% lower at $78.74 per barrel. The moves come after Federal Reserve officials raised ...
On Thursday, West Texas Intermediate crude oil futures fell 4.9% to settle at $72.90 per barrel. Brent ( BZ=F ) crude oil, the international benchmark price, fell by 4.63% to close at $77.42 per ...
The price for a barrel of benchmark U.S. crude went from $72.53 on Friday to nearly $75 before the U.S. stock market opened Monday to briefly falling back toward $72. Trump himself warned Americans they may feel “some pain” from the tariffs, which he said would be “worth the price” to make America great again. He also said Sunday night ...
Such a move could free up the global movement of crude. In Thursday's energy trading, benchmark U.S. crude fell 70 cents to $70.67 a barrel. Brent crude declined 72 cents to $74.46. On Wall Street, Exxon Mobil sank 3% as oil-and-gas companies fell broadly following the 2.4% drop for the price of a barrel of Brent on Wednesday.
Meanwhile, brent crude oil closed at about $76 a barrel after rising to a one-month high of $79 a barrel on Monday. Veteran oil industry analyst Phillip Streible of Blue Line Futures told Yahoo ...
In energy trading, benchmark U.S crude added 51 cents to $72.83 a barrel. Brent crude, the international standard, rose 44 cents to $76.31 a barrel. In currency trading, the U.S. dollar remained largely unchanged at about 151.95 Japanese yen. The euro cost $1.0305, also largely unchanged. ___ AP Business Writer Stan Choe contributed.