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Oil prices mixed in Asian trade

US oil prices remained above $100 a barrel in Asian trade Tuesday on stronger demand, but trading was subdued ahead of new Fed chief Janet Yellen's testimony to Congress. New York's main futures contract, West Texas Intermediate (WTI) for delivery in March, was down five cents to $100.01 a barrel in mid-morning trade, but was see-sawing in volatile trade. WTI closed above $100 on Monday, bolstered by falling US inventories which indicate bigger demand. Brent North Sea crude for March delivery was up two cents to $108.65.

Federal budget to include promise to take on Canada-U.S. price gaps: official

OTTAWA - The Conservative government is poised to crack down on multinational companies that charge Canadian customers more than Americans on everything from books to clothing and appliances. A government official tells The Canadian Press the Tories will promise legislation in Tuesday's budget to stop "country pricing" — when multinational brands set different prices in Canada and the United States.

Federal budget to include promise to take on Canada-U.S. price gaps: official

OTTAWA - The Conservative government is poised to crack down on multinational companies that charge Canadian customers more than Americans on everything from books to clothing and appliances. A government official tells The Canadian Press the Tories will promise legislation in Tuesday's budget to stop "country pricing" — when multinational brands set different prices in Canada and the United States.

Oil market drifts lower

Oil prices slid on Monday but losses were curbed as fears of another severe North American winter storm boosted the demand outlook for heating fuel, analysts said. New York's main contract, West Texas Intermediate (WTI) for delivery in March, shed 39 cents to $99.49 a barrel. Brent North Sea crude for March dipped 12 cents to stand at $109.45 a barrel in midday deals. The US economy added only 113,000 jobs in January, after a paltry 75,000 in December, according to the US Labor Department's survey of business establishments. Analysts had expected 175,000.

Oil prices down in Asian trade

Oil prices eased in Asia Monday following weak US jobs data but losses were curbed as fears of another severe North American winter storm boosted the demand outlook for heating fuel, analysts said. New York's main contract, West Texas Intermediate (WTI) for March delivery, eased 10 cents to $99.78 in afternoon trade and Brent North Sea crude for March was down 38 cents to $109.19. The US economy added only 113,000 jobs in January, after a paltry 75,000 in December, according to the US Labor Department's survey of business establishments. Analysts had expected 175,000.

Oil prices down in Asian trade

Oil prices eased in Asia Monday following weak US jobs data but losses were curbed as fears of another severe North American winter storm boosted the demand outlook for heating fuel, analysts said. New York's main contract, West Texas Intermediate (WTI) for March delivery, eased 10 cents to $99.78 in afternoon trade and Brent North Sea crude for March was down 38 cents to $109.19. The US economy added only 113,000 jobs in January, after a paltry 75,000 in December, according to the US Labor Department's survey of business establishments. Analysts had expected 175,000.

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade Monday following a disappointing US jobs report but fears of another severe storm in the United States boosted demand for heating fuel, analysts said. New York's main contract, West Texas Intermediate (WTI) for March delivery, gained 13 cents to $100.01 and Brent North Sea crude for March eased 25 cents to $109.32. The US economy added only 113,000 jobs in January, after a paltry 75,000 in December, according to the labour department's survey of business establishments. Analysts had expected 175,000.

Gas prices dip nationwide by 2 cents per gallon on average; Montana enjoys lowest gas prices

LOS ANGELES, Calif. - The average price of regular gasoline in the U.S. has fallen 2 cents a gallon during the past two weeks. Industry analyst Trilby Lundberg said Sunday a gallon of regular now costs $3.29 on average. Gas is 30 cents a gallon cheaper than this time last year Lundberg says the price has dropped more than a nickel per gallon in the past month, but it's unlikely to fall further unless crude oil prices plunge. Diesel prices rose in the past two weeks by six cents to $3.95 per gallon.

Oil prices hit 2014 peaks after mixed US jobs report

Oil prices rallied sharply Friday as the market shrugged off a disappointing US jobs report, finding upbeat details in the report suggesting modest economic growth. The benchmark US futures contract, West Texas Intermediate for delivery in March, leaped $2.04, or 2.1 percent, to close at $99.88 a barrel on the New York Mercantile Exchange. Brent North Sea crude for March gained $2.69, or 2.5 percent, to settle at $109.57 a barrel on London's Intercontinental Exchange.

Oil prices hit 2014 peaks after mixed US jobs report

Oil prices rallied sharply Friday as the market shrugged off a disappointing US jobs report, finding upbeat details in the report suggesting modest economic growth. The benchmark US futures contract, West Texas Intermediate for delivery in March, leaped $2.04, or 2.1 percent, to close at $99.88 a barrel on the New York Mercantile Exchange. Brent North Sea crude for March gained $2.69, or 2.5 percent, to settle at $109.57 a barrel on London's Intercontinental Exchange.
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