Cude Oil Prices Flat
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Crude oil prices were flat Monday, after briefly touching $49 a barrel Friday, amid a spate of record contract highs. The benchmark US crude added 2 cents to $47.
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Crude oil prices were flat Friday, despite media reports that OPEC had agreed to cut production amid a steep price correction. The January futures contract was off 1 cent at $42.52, some 23% below its record closing high of $55.17 touched Oct, 26.
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Oil steadied near $66 a barrel on   Tuesday, with bargain-hunting traders ending a six-day retreat   after Iran sounded a softer note on its atomic program and OPEC   agreed to keep production steady for now.
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Oil prices held steady on Thursday as data showing stubbornly low US heating fuel supplies ahead of winter stemmed a rout of nearly $10 since late October.
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Q: Why has the price of crude oil ranged from $10 a barrel five years ago to almost $50 this year? Surely the supply-and-demand equation hasn&#39;t changed that much.
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European stock markets were expected to open flat on Wednesday, with investors watching oil prices closely after an overnight rise that left Nymex crude near &#36;50 a barrel.
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Oil dipping almost $1 doesn&#39;t signal the beginning of a major retreat, say commodities experts who suggest crude might never fall below $40 US a barrel again.
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Crude oil in New York was little changed after falling yesterday for the first time in four sessions as forecast mild weather and rising inventories eased concern that demand would outpace supplies of heating oil in winter.
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U.S. stocks were flat on Wednesday as  crude prices stayed firmly above $51 per barrel, boosting oil  stocks, but profit warnings hurt the auto parts and  semiconductor sectors.
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Prices came in surprisingly weak, despite surging oil costs. And since crude is likely to recede, the CPI should now stay flat. You wouldn&#39;t know that crude-oil prices spiked to their highest levels in two
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Crude oil prices were back at the $49-a-barrel level Monday, after a one-day bounce Friday. The benchmark US crude was off 54 cents at $49.
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Oil prices held firm on Friday after leaping almost $2 a day earlier on news US crude stocks sank to a five-month low last week and distillate fuels barely grew ahead of winter.
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Oil prices eased on Friday as OPEC looked set to keep output unchanged at its meeting this weekend, although concern ahead of Sunday's election in Iraq limited the fall.
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U.S. stocks looked set to open flat on  Monday, with high oil prices expected to take center stage amid  light trading volume on the Columbus Day holiday.
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Crude oil was little changed after rallying more than 2 percent yesterday when US President George W. Bush&#39;s re-election signaled the government probably will continue its policy of buying oil for a national reserve.
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US consumer prices were unchanged in November, as the cost of petrol continued to fall, data shows.
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World oil prices steadied with prices, underpinned by the US Atlantic hurricane season -- which threatens to damage energy facilities -- and expectations that OPEC will keep its output unchanged at a meeting next week, dealers said Wednesday.