Oil Prices Fall Closer to $95

The current oil price declined to closer to $95 per barrel as investors weighed an increase in the trade data of China against anticipations of another rise in the crude supplies of the United States. On the New York Mercantile Exchange, the U.S. benchmark crude for delivery in June was lower by 17 cents to $95.45 per barrel. The contract shed 54 cents to end at a crude price per barrel of...
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Current Oil Price in Asian Trading Lifted by Japanese Equities

The current oil price was up in Asian trading, lifted by strong equities in Japan as the market got better from a weak U.S. employment report, said analysts. On the NYMEX, the U.S. benchmark for May delivery gained 14 cents to a crude price per barrel of $92.84, while Brent crude for delivery in May moved 32 cents higher to $104.44 per barrel. The crude market is coordinating with the movement...
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OPEC Considers Current Oil Prices as Beneficial

The current oil prices are not dangerous to the world economy; it is, in fact, contrary to that because they are supportive of energy investments, according to the recent statement of the secretary general of the Organization of Petroleum Exporting Countries (OPEC). The average crude price per barrel for this year is about $110. After early indications of stabilization in the global economy, the...
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Current Oil Price Drops

The current oil price dropped as traders obtained profits after the latest increases in prices and with a report showing a weaker than anticipated manufacturing activity in the United States. On the New York Mercantile Exchange, light, sweet, crude for delivery in May moved 36 cents lower to a crude price per barrel of $96.87 during midday trading, Bangkok time. The contract moved 65 cents...
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Canadian Finance Minister Sticks to Latest Oil Price Projection

The Canadian Minister of Finance, Jerome Kennedy, is standing by the budget assumptions of the governments of Labrador and Newfoundland regarding the oil price per barrel, despite the fact that it was way off in the past year. The government is supposing that crude made offshore will sell at an average of $105 a barrel throughout most of the year, a rate that is below last year’s projected...
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