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Oil market drops before US data

Global oil prices sank on Wednesday as traders awaited the key economic data and weekly crude inventories in top-consuming nation the United States, analysts said. New York's West Texas Intermediate (WTI) for delivery in May slid 56 cents to $99.18 a barrel. Brent North Sea crude for May shed $1.16 to stand at $104.46 a barrel in midday London deals. The US government's Energy Information Administration (EIA) will later publish its report on American crude stockpiles for the week to March 28.

Oil prices fall after strong gains

Oil prices fell on Monday as dealers booked profits after strong gains last week fuelled by positive US economic data and the tensions in Ukraine. New York's West Texas Intermediate (WTI) for delivery in May fell 43 cents to $101.24 a barrel. Brent North Sea crude for May dipped 28 cents to stand at $107.79 a barrel in London afternoon deals. "We are seeing some easing because of some profit taking," Tan Chee Tat, an investment analyst at Phillip Futures, told AFP: WTI prices got a boost last week from data showing robust US consumer spending.

Oil steady above $101 a barrel as markets eye US-Russia talks, Chinese manufacturing report

The price of oil was little changed above $101 a barrel Monday as markets kept on eye on talks between the U.S. and Russia over the crisis in Ukraine. By early afternoon in Europe, benchmark U.S. crude for May delivery was down 20 cents to $101.47 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract rose 39 cents leaving it 2 per cent higher on the week, propelled by signs of stronger economic growth in the U.S. and global supply concerns.

National resource giants plot varied paths to global goal

By Josephine Mason and Jonathan Leff NEW YORK (Reuters) - In teaming up with Cargill to create the world's largest sugar trader last week, Brazil's Copersucar has joined a small but growing club of national resource champions steadily transforming the commodities landscape.

Crude oil ends week with 2.2% gain on improving U.S. economy, supply concerns

The price of oil rose slightly Friday, finishing the week just over two per cent higher amid signs of stronger economic growth in the United States and global supply concerns. Benchmark West Texas Intermedite crude for May delivery gained 39 cents to close at US$101.67 a barrel on the New York Mercantile Exchange. For the week, oil rose 2.2 per cent.

Oil prices gain on US optimism, concerns over Ukraine

Global oil prices rose on Friday spurred by upbeat US economic indicators, concerns over supply disruptions in Africa, and Russia's mobilization of troops to the Ukraine border. New York's main contract, West Texas Intermediate (WTI) for delivery in May, gained 39 cents to $101.67 a barrel. Brent North Sea crude for May added 24 cents to stand at $108.07 a barrel in London deals.

Oil prices higher on US optimism

Global oil prices rose on Friday as traders took their cue from upbeat US economic indicators and concerns over supply disruptions in Nigeria. New York's main contract, West Texas Intermediate (WTI) for delivery in May, gained 51 cents to $101.79 a barrel. Brent North Sea crude for May grew 21 cents to stand at $108.04 a barrel in London midday deals compared with Thursday's close. The market was supported by robust consumer spending in the United States, the world's biggest economy and user of oil.

Crude above $101 a barrel on higher than expected US GDP; supply worries

The price of oil advanced past US$101 a barrel Thursday following an upward revision to U.S. growth figures and ongoing concerns about tight supplies. Benchmark West Texas Intermediate crude for May delivery rose $1.02 to close at US$101.28 on the New York Mercantile Exchange. That is the highest closing price in three weeks. On Wednesday, oil jumped $1.07 to close at US$100.26. Brent crude, a contract for international varieties of oil, gained 80 cents to US$107.83 on the ICE Futures exchange in London.

Oil prices surge on Nigeria supply worries

Oil prices rose solidly on Thursday for a second day running amid worries about curtailed supplies from Nigeria and more signs of strength in the US economy. New York's main contract, West Texas Intermediate (WTI) for delivery in May, rose $1.02 from Wednesday to $101.28 a barrel. Brent North Sea crude for May added 80 cents to stand at $107.83 a barrel in London trade. The gains came after Shell declared force majeure on deliveries of its crude from the Forcados terminal in Nigeria after a major export pipeline was sabotaged.

Oil prices extend gains

Oil prices rose solidly on Thursday for a second day running on robust US economic data and supply disruptions in Africa's main crude producing nations, analysts said. New York's main contract, West Texas Intermediate (WTI) for delivery in May, gained 86 cents to $101.12 a barrel. Brent North Sea crude for May grew 54 cents to stand at $107.57 a barrel in London afternoon deals compared with Wednesday's close. The US economy grew 2.6 percent in the fourth quarter of last year, expanding by more than previously thought, the government said on Thursday.
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