Commodities market | GlobalPost

Oil down in Asia on US stockpiles gain, stronger dollar

Agence France-PresseMay 13, 2013 16:10

Crude prices were lower in Asian trade Friday on a rise in US stockpiles, with the strong dollar also putting pressure on prices, analysts said. New York's main contract, light sweet crude for delivery in June shed 49 cents to $95.90 a barrel and Brent North Sea crude for June delivery was down 41 cents to $104.06 in the afternoon. "The main downside factor on prices right now is the huge oversupply in the United States," Kelly Teoh, market strategist at IG Markets in Singapore, told AFP.

Oil price falls to near $95 a barrel as rising dollar puts pressure on commodities like crude

The Canadian PressMay 13, 2013 09:15

The price of oil fell to near $95 a barrel on Monday, reflecting the recent strengthening of the dollar against the yen and other major currencies. By early afternoon in Europe, benchmark oil for June delivery was down 71 cents to $95.33 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 35 cents on Friday. The stronger dollar is causing oil prices to fall, analysts said. The dollar has risen in recent days against the euro and last week passed the 100-yen mark for the first time in four years.

Oil price falls below $95 per barrel as rising dollar puts pressure on commodities like crude

The Canadian PressMay 13, 2013 06:30

BANGKOK - Oil prices fell Monday as the dollar strengthened against the yen and other major currencies. Benchmark oil for June delivery was down $1.11 to $94.93 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 35 cents to close at $96.04 a barrel on the Nymex on Friday. The stronger dollar is causing oil prices to fall, analysts said. The dollar has risen in recent days against the euro and last week passed the 100-yen mark for the first time in four years.

Oil down in Asia on US stockpiles gain, stronger dollar

Agence France-PresseMay 10, 2013 12:29

Crude prices were lower in Asian trade Friday on a rise in US stockpiles, with the strong dollar also putting pressure on prices, analysts said. New York's main contract, light sweet crude for delivery in June shed 24 cents to $96.15 a barrel and Brent North Sea crude for June delivery was down 20 cents to $104.27 in morning trade. "The main downside factor on prices right now is the huge oversupply in the United States," Kelly Teoh, market strategist at IG Markets in Singapore, told AFP.

Oil falls below $96 per barrel as dollar rises

The Canadian PressMay 9, 2013 17:45

BANGKOK - The price of oil fell below US$96 per barrel Friday after signs of improvement in U.S. employment sparked speculation that the Federal Reserve might scale back its aggressive monetary policy. Benchmark crude for June delivery was down 53 cents to $95.86 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contact lost 23 cents to finish at $96.39 a barrel on the Nymex on Thursday.

Oil rises above $96 as US supplies rise less than expected, dollar weakens

The Canadian PressMay 8, 2013 09:35

Oil climbed to its highest price in more than a month on Wednesday, after the government reported U.S. crude supplies increased less than analysts expected. In New York, benchmark crude for June delivery rose US$1 to finish at $96.62 a barrel. It hasn't settled that high since April 2. The U.S. Energy Department said oil supplies grew last week by 200,000 barrels to 395.5 million barrels, which is 4.2 per cent above year-ago levels. Analysts were expecting an increase of 1.9 million barrels in the week ended May 3.

Oil slips on expectation U.S. supplies are growing and report on Saudis output

The Canadian PressMay 7, 2013 06:00

NEW YORK, N.Y. - The price of oil fell Tuesday on expectations of another increase in U.S. oil supplies. West Texas Intermediate, the benchmark crude in the U.S., fell 54 cents to finish at US$95.62 per barrel on the New York Mercantile Exchange. The U.S. Energy Department releases its weekly report on U.S. oil inventories Wednesday. Addison Armstrong, senior director of market research at Tradition Energy, expects supplies rose by 2.8 million barrels in the week ended May 3. Analysts surveyed by Platts expect an increase of 1.9 million barrels.

Oil down on profit taking

Agence France-PresseMay 7, 2013 02:00

Oil prices eased in Asia on Tuesday with dealers taking profits after a rally on robust US jobs data and rising tensions in the Middle East, analysts said. New York's main contract, light sweet crude for delivery in June dropped 60 cents to $95.56 a barrel in the afternoon and Brent North Sea crude for June delivery shed 40 cents to $105.06. "People are squaring up on what has been a fairly good rally," David Lennox, resource analyst at Fat Prophets in Sydney, told AFP.

Oil down on profit taking

Agence France-PresseMay 6, 2013 23:30

Oil prices eased in Asia on Tuesday with dealers taking profits after a rally on robust US jobs data and rising tensions in the Middle East, analysts said. New York's main contract, light sweet crude for delivery in June dropped 57 cents to $95.59 a barrel and Brent North Sea crude for June delivery shed 39 cents to $105.07. "People are squaring up on what has been a fairly good rally," David Lennox, resource analyst at Fat Prophets in Sydney, told AFP.

Oil prices rise after Israeli air strikes on Syria

Agence France-PresseMay 6, 2013 18:31

Oil prices climbed Monday after Israeli air strikes in Syria raised fresh concerns about rising tensions in the oil-rich Middle East. The main US futures contract, West Texas Intermediate crude for delivery in June, closed at $96.16 a barrel on the New York Mercantile Exchange, up 55 cents from Friday's closing level. The European benchmark, Brent North Sea crude for June delivery, soared $2.61 from Friday to settle at $105.46 on the Intercontinental Exchange in London.