Price of petroleum http://www.globalpost.com/taxonomy/term/28258/all en GLOBAL MARKETS-U.S. stocks slip, crude higher http://www.globalpost.com/dispatch/news/thomson-reuters/130128/global-markets-us-stocks-slip-crude-higher <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Caution ahead of U.S. GDP, payrolls reports</p> <p>* Caterpillar earnings up, but markets pause</p> <p>* Fitch scales back chance of U.S. rating cut</p> <p>NEW YORK, Jan 28 (Reuters) - U.S. stock indexes were under pressure on Monday, following the trend elsewhere in the world, though oil prices rose on strong U.S. durable goods data and earnings results from Caterpillar.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130128/global-markets-us-stocks-slip-crude-higher" target="_blank">read more</a></p> Business Economic history Economy of the United States Entertainment Price of petroleum Thomson Reuters Mon, 28 Jan 2013 16:31:07 +0000 Thomson Reuters 5740562 at http://www.globalpost.com GLOBAL MARKETS-US stocks mixed, Treasuries flat; Fed ahead http://www.globalpost.com/dispatch/news/thomson-reuters/130129/global-markets-us-stocks-mixed-treasuries-flat-fed-ahead <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Markets await Fed meeting, data on U.S. and China</p> <p>* Brent oil holds above $113 a barrel</p> <p>NEW YORK, Jan 29 (Reuters) - U.S. stocks were mixed and U.S. Treasury prices traded near flat on Tuesday with investors cautious about a two-day Federal Reserve policy meeting slated to end on Wednesday.</p> <p>Investors were reluctant to make big bets on some mixed U.S. economic data, given the run-up in stocks in recent weeks and risk in the form of a slew of economic reports throughout the week and the Fed meeting.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/global-markets-us-stocks-mixed-treasuries-flat-fed-ahead" target="_blank">read more</a></p> Business Commodities market Price of petroleum Thomson Reuters Tue, 29 Jan 2013 15:45:16 +0000 Thomson Reuters 5741034 at http://www.globalpost.com Oil prices rise after upbeat US, China data http://www.globalpost.com/dispatch/news/afp/130201/oil-prices-rise-after-upbeat-us-china-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices finished higher Friday in New York, buoyed by greater optimism about global growth following encouraging indicators from the US and China.</p> <p>A barrel of West Texas Intermediate, the US benchmark, settled 28 cents higher at $97.77 on the New York Mercantile Exchange.</p> <p>Even stronger was the price of European oil benchmark Brent futures, which closed at $116.76 a barrel on the Intercontinental Exchange, up $1.21. The close was Brent's highest level since May 2012.</p> <p>Oil prices got a lift from Friday's monthly US nonfarm labor payroll data. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/oil-prices-rise-after-upbeat-us-china-data" target="_blank">read more</a></p> Business Commodities market Labor Law Price of petroleum Pricing AFP Fri, 01 Feb 2013 22:00:50 +0000 Agence France-Presse 5743622 at http://www.globalpost.com Oil prices fall on profit-taking http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-fall-on-profit-taking <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices fell Monday on profit-taking after enjoying healthy gains at the end of last week following encouraging US jobs data, analysts said.</p> <p>Brent North Sea crude for delivery in March shed 76 cents to $116 a barrel in London midday deals. The contract had reached a near five-month high at $117.07 a barrel on Friday.</p> <p>New York's main contract, light sweet crude for March, dropped 95 cents to $96.82 a barrel in Monday trade.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-fall-on-profit-taking" target="_blank">read more</a></p> Commodities market Labor Petroleum Price of petroleum AFP Mon, 04 Feb 2013 13:16:38 +0000 Agence France-Presse 5745331 at http://www.globalpost.com Oil prices slip in Asian trade http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-slip-asian-trade <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices fell in Asian trade on Tuesday in line with a sell-off in regional equities, analysts said, largely due to political concerns in Spain and Italy.</p> <p>New York's main contract, light sweet crude for delivery in March dropped 14 cents to $96.03 a barrel and Brent North Sea crude for March shed 21 cents to $115.39.</p> <p>"Oil is sliding in parallel with equities markets here in Asia. We're seeing a more bearish market," said Victor Shum, managing director at energy consultancy IHS Purvin &amp; Gertz in Singapore.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-slip-asian-trade" target="_blank">read more</a></p> Commodities market Price of petroleum Pricing AFP Tue, 05 Feb 2013 03:45:49 +0000 Agence France-Presse 5745967 at http://www.globalpost.com Oil prices slip in Asian trade http://www.globalpost.com/dispatch/news/afp/130205/oil-prices-slip-in-asian-trade <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices fell in Asian trade on Tuesday in line with a sell-off in regional equities, analysts said, largely due to political concerns in Spain and Italy.</p> <p>New York's main contract, light sweet crude for delivery in March dropped nine cents to $96.08 a barrel in the afternoon and Brent North Sea crude for March shed 41 cents to $115.19.</p> <p>"Oil is sliding in parallel with equities markets here in Asia. We're seeing a more bearish market," said Victor Shum, managing director at energy consultancy IHS Purvin &amp; Gertz in Singapore.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/oil-prices-slip-in-asian-trade" target="_blank">read more</a></p> Commodities market Price of petroleum Pricing AFP Tue, 05 Feb 2013 06:31:04 +0000 Agence France-Presse 5746057 at http://www.globalpost.com Oil prices higher in Asia http://www.globalpost.com/dispatch/news/afp/130205/oil-prices-higher-asia <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices rose in Asian trade on Wednesday, supported by healthy economic indicators in the world's major economies, analysts said.</p> <p>New York's main contract, light sweet crude for delivery in March was up two cents to $96.68 a barrel in morning trade and Brent North Sea crude for March delivery climbed 18 cents to $116.70.</p> <p>A slowdown in contraction of eurozone business activity soothed fears about political uncertainty in Italy and Spain -- which had sent markets plunging in the US and Europe Monday -- while upbeat US services sector data lifted US oil futures.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/oil-prices-higher-asia" target="_blank">read more</a></p> Commodities market Petroleum Price of petroleum AFP Wed, 06 Feb 2013 03:45:54 +0000 Agence France-Presse 5747125 at http://www.globalpost.com Brent oil price hits five-month peak http://www.globalpost.com/dispatch/news/afp/130207/brent-oil-price-hits-five-month-peak <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Brent oil hit a five-month high on Thursday, driven mostly by geopolitical fears over Iran, but New York crude fell back as traders eyed and the stronger dollar and falling equities.</p> <p>Brent North Sea crude for March delivery jumped to $117.83 a barrel -- the highest level since September 14. In later London afternoon deals, the contract stood at $117.06, a rise of 33 cents from Wednesday's closing level.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/brent-oil-price-hits-five-month-peak" target="_blank">read more</a></p> Commodities market Economy of Iran Price of petroleum AFP Thu, 07 Feb 2013 18:31:03 +0000 Agence France-Presse 5749237 at http://www.globalpost.com Oil prices up in Asian trade http://www.globalpost.com/dispatch/news/afp/130210/oil-prices-asian-trade <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices were higher in Asian trade Monday on optimism that robust trade data from the United States and China will augur well for energy demand.</p> <p>New York's main contract, light sweet crude for delivery in March was up 11 cents to $95.83 and Brent North Sea crude for March delivery gained nine cents to $118.99.</p> <p>"Positive trade data out of the world's two largest economies sent traders into the Chinese New Year holidays in an upbeat mood," said Jason Hughes, head of premium client management at IG Markets Singapore.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130210/oil-prices-asian-trade" target="_blank">read more</a></p> Business Commodities market Price of petroleum Pricing AFP Mon, 11 Feb 2013 02:30:35 +0000 Agence France-Presse 5752262 at http://www.globalpost.com Oil prices turn mixed in Asian trade http://www.globalpost.com/dispatch/news/afp/130211/oil-prices-turn-mixed-asian-trade <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil turned mixed in Asian trade Monday on profit-taking, but analysts said optimism over stronger energy demand sparked by robust US and China trade data should support prices.</p> <p>New York's main contract, light sweet crude for delivery in March, was down six cents to $95.66 a barrel in the afternoon, reversing an earlier uptick.</p> <p>Brent North Sea crude for March delivery was up one cent to 118.91, narrowing gains during the morning trade.</p> <p>Analysts said prices remain well supported over the longer term.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130211/oil-prices-turn-mixed-asian-trade" target="_blank">read more</a></p> Business Commodities market Economics Price of petroleum AFP Mon, 11 Feb 2013 07:01:15 +0000 Agence France-Presse 5752354 at http://www.globalpost.com Oil prices slip from recent highs http://www.globalpost.com/dispatch/news/afp/130211/oil-prices-slip-recent-highs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices fell on Monday on profit-taking after last week's strong gains, but analysts said optimism over stronger energy demand sparked by robust US and Chinese trade data should keep prices supported.</p> <p>Brent North Sea crude for delivery in March fell 57 cents to 118.33 a barrel in London midday deals.</p> <p>The contract on Friday scaled a nine-month peak at $119.17 a barrel on healthy economic data -- and owing to geopolitical concerns after crude producer Iran rejected a US offer on nuclear talks, traders said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130211/oil-prices-slip-recent-highs" target="_blank">read more</a></p> Commodities market Price of petroleum Pricing AFP Mon, 11 Feb 2013 13:16:21 +0000 Agence France-Presse 5752629 at http://www.globalpost.com Oil prices diverge after recent highs http://www.globalpost.com/dispatch/news/afp/130211/oil-prices-diverge-after-recent-highs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices fell in London on Monday as dealers took profits from recent gains, but the market rebounded in New York as the euro strengthened against the dollar after supportive comments from the Bundesbank.</p> <p>Brent North Sea crude for delivery in March fell 42 cents to $118.48 per barrel in London late afternoon deals.</p> <p>The contract on Friday scaled a nine-month peak at $119.17 a barrel on healthy economic data -- and owing to geopolitical concerns after crude producer Iran rejected a US offer on nuclear talks, traders said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130211/oil-prices-diverge-after-recent-highs" target="_blank">read more</a></p> Commodities market Petroleum Price of petroleum AFP Mon, 11 Feb 2013 18:31:24 +0000 Agence France-Presse 5752956 at http://www.globalpost.com Oil prices climb on eve of US stocks report http://www.globalpost.com/dispatch/news/afp/130212/oil-prices-climb-eve-us-stocks-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Global oil prices rose Tuesday on the eve of key US inventory data, but analysts cautioned that Brent's recent rally was faltering.</p> <p>Brent North Sea crude for delivery in March added 44 cents to $118.54 a barrel in London early afternoon deals, but was some way off the nine-month peak of $119.17 that was struck on Friday.</p> <p>New York's main contract, light sweet crude for March, gained 29 cents to $97.32 a barrel.</p> <p>"The upswing in the price of Brent is faltering," said Commerzbank analyst Carsten Fritsch.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130212/oil-prices-climb-eve-us-stocks-report" target="_blank">read more</a></p> Economy of the European Union Euro Price of petroleum AFP Tue, 12 Feb 2013 14:00:35 +0000 Agence France-Presse 5753559 at http://www.globalpost.com Oil prices up in Asian trade, eyes on Obama speech http://www.globalpost.com/dispatch/news/afp/130213/oil-prices-asian-trade-eyes-obama-speech <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices rose in Asia on Wednesday, with investors keeping to the sidelines ahead of US President Barack Obama's closely watched State of the Union address, analysts said.</p> <p>New York's main contract, light sweet crude for delivery in March increased eight cents to $97.59 a barrel and Brent North Sea crude for March delivery gained five cents to $118.71.</p> <p>"The speech may affect the US economy as it a good opportunity for Obama to address lawmakers on spending cuts," said Yang Weiming, premium client manager at IG Markets Singapore.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/oil-prices-asian-trade-eyes-obama-speech" target="_blank">read more</a></p> Barack Obama Business Commodities market Entertainment Environment Health Politics Price of petroleum Pricing AFP Wed, 13 Feb 2013 05:00:19 +0000 Agence France-Presse 5754147 at http://www.globalpost.com Oil prices in Asia turn mixed after Obama speech http://www.globalpost.com/dispatch/news/afp/130213/oil-prices-asia-turn-mixed-after-obama-speech <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices turned mixed in Asia on Wednesday as US President Barack Obama's State of the Union address lacked dramatic announcements that could swing markets, analysts said.</p> <p>New York's main contract, light sweet crude for delivery in March, increased 12 cents to $97.63 a barrel in the afternoon while Brent North Sea crude for March delivery shed ten cents to $118.56.</p> <p>"People were anticipating Obama's speech, but there were no dramatic announcements that could move markets one way or the other," said Jason Hughes, head of premium client management at IG Markets Singapore.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/oil-prices-asia-turn-mixed-after-obama-speech" target="_blank">read more</a></p> Barack Obama Business Entertainment Environment Health Politics Presidency of Barack Obama Price of petroleum AFP Wed, 13 Feb 2013 10:18:09 +0000 Agence France-Presse 5754215 at http://www.globalpost.com