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Oil prices mixed ahead of long Easter weekend

Oil prices finished in mixed fashion Thursday ahead of the long Easter weekend as Russia and the West sought to defuse the escalating Ukraine crisis. The main US contract, West Texas Intermediate (WTI) for delivery in May, rose 54 cents to close at $104.30 a barrel on the New York Mercantile Exchange(NYMEX). Brent North Sea crude for June dipped seven cents to $109.53 a barrel on the Intercontinental Exchange (ICE) in London. The New York futures contract found support from positive US economic news, said Carl Larry of Outlooks Oil and Opinion.

Oil rises past $104 a barrel as Ukraine jiggers offset large rise in US crude supplies

NEW YORK, N.Y. - The price of oil rose past US$104 per barrel Thursday on worries over the upheaval in Ukraine. Benchmark West Texas Intermediate crude for May delivery rose 54 cents to close at US$104.30 a barrel in New York. Supplies in the U.S. are ample — the Energy Department reported the biggest gain in stocks in 13 years on Wednesday. But that wasn't enough to calm the fears of traders this week, who worry that Russia's actions in response to the turmoil in Ukraine could be met with sanctions that disrupt exports of Russia's oil and gas.

Oil prices stable amid Ukraine talks

Oil prices diverged slightly on Thursday as dealers weighed lingering concerns over the Ukraine crisis with a weaker-than-expected US stockpiles report, analysts said. New York's main contract, West Texas Intermediate for delivery in May, edged up nine cents to $103.85 a barrel. Brent North Sea crude for June eased 16 cents to $109.44 a barrel in London deals.

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade Thursday as dealers weighed lingering concerns over the Ukraine crisis with a weaker-than-expected US stockpiles report, analysts said. New York's main contract, West Texas Intermediate for May delivery, was up 23 cents at $103.99 in mid-morning trade and Brent North Sea crude for June eased seven cents to $109.53. Singapore-based Phillip Futures said events in Eastern Europe continued "to peg crude prices at elevated levels" ahead of Geneva talks on Thursday between Ukraine, Russia, the European Union and Washington.

Oil prices rise in Asian trade

Oil prices rose in Asian trade Thursday on lingering concerns over the Ukraine crisis, but analysts said a bearish US stockpiles report was dampening sentiment. New York's main contract, West Texas Intermediate for May delivery, was up 33 cents at $104.09 in mid-morning trade and Brent North Sea crude for June gained seven cents to $109.67. Analysts said events in Eastern Europe continued to support oil prices ahead of Geneva talks on Thursday between Ukraine, Russia, the European Union and Washington.

US oil prices flat following bearish supply report

Oil prices in New York Wednesday finished essentially flat as a bearish US oil inventory report offset concerns that rising political tensions in Ukraine could affect energy supplies. US benchmark West Texas Intermediate for May delivery edged up by a penny to $103.76 a barrel on the New York Mercantile Exchange. European benchmark Brent oil for June delivery advanced 24 cents to $109.60 a barrel in London on the Intercontinental Exchange. The political crisis over Ukraine propelled oil prices higher in the early part of the day.

Oil falls ahead of meeting to defuse Ukraine crisis, latest U.S. supply report

The price of oil fell Tuesday ahead of talks aimed at defusing tensions over Ukraine and the latest report on U.S. oil supplies. Benchmark West Texas Intermediate crude for May delivery slid 30 cents to close at US$103.75 on the New York Mercantile Exchange. On Monday, the Nymex contract rose 31 cents. Brent crude, a benchmark used for international varieties of oil, dropped 33 cents to US$108.74 on the ICE Futures exchange in London after hitting a six-week high.

Oil prices fall as Libya prepares to resume exports

Oil prices fell Tuesday as Libya readied to resume its crude exports after months of waiting, although a flare up in Russia-Ukraine tensions kept a lid on losses, traders said. New York's main contract, West Texas Intermediate for May delivery, slipped 33 cents to stand at $103.72 a barrel compared with Monday's closing level. Brent North Sea crude for May was down 22 cents at $108.85 a barrel in late London deals.

Oil prices fall

Oil prices fell on Tuesday on profit-taking one day after Russia-Ukraine tensions had sent them higher. New York's main contract, West Texas Intermediate for May delivery, slid 86 cents to stand at $103.19 compared with Monday's closing level. Brent North Sea crude for May was down 32 cents to $108.75 a barrel in London morning trade. The market had marched higher on Monday as traders kept a wary eye on escalating tensions between Russia and Ukraine that have raised fears of a disruption to energy supplies to Western Europe.

Oil prices down in Asian trade

Oil prices eased in Asian trade Tuesday, but losses were limited as Russia-Ukraine tensions showed no sign of abating, raising fears of a disruption to energy supplies to Western Europe. New York's main contract, West Texas Intermediate for May delivery, dropped 72 cents to $103.33 and Brent North Sea crude for May eased 49 cents to $108.58 a barrel. "Despite easing during Asian trading, oil prices maintained strong foothold at elevated levels," Tan Chee Tat, investment analyst at Phillip Futures in Singapore, told AFP.
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