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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 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.

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.

US oil prices rise on tightening supply at key hub

Oil prices in New York jumped Wednesday after data showed a fall in crude supplies at a key US trading hub and a surprisingly large decline in gasoline stocks. US benchmark West Texas Intermediate for May delivery rose $1.07 to $100.26 a barrel on the New York Mercantile Exchange. European benchmark Brent oil for May delivery added four cents to $107.03 a barrel on the Intercontinental Exchange in London.

Oil mixed; US price falls below $100 on stronger dollar

US oil prices slid below $100 a barrel on Thursday as the dollar strengthened on raised expectations of a Federal Reserve interest rate hike sooner than previously thought. New York's main contract, West Texas Intermediate (WTI) for delivery in April, fell 94 cents to close at $99.43 a barrel. Brent North Sea crude for May rose 60 cents to $106.45 a barrel in London.

Oil slips on easing Ukraine tensions, strong dollar

Global oil prices dipped Thursday, hit by easing geopolitical tensions over Ukraine, and also by the strong dollar after the US Federal Reserve hinted at hiking interest rates soon. Brent North Sea crude for May sank to $105.60 in early morning trade, touching the lowest level since February. It later stood at $105.73, down 12 cents from Wednesday's closing level. New York's main contract, West Texas Intermediate (WTI) for delivery in April delivery, dipped 29 cents to $100.08 a barrel.

Crude prices rise in Asian trade

Oil prices rose in Asian trade Thursday after stockpiles declined at a key US trading hub, indicating stronger demand, and on news of a major pipeline expansion in the United States. New York's main contract, West Texas Intermediate (WTI) for April delivery, rose 13 cents to $100.50 in mid-morning trade and Brent North Sea crude for May gained 29 cents to $106.14. The US Department of Energy (DoE) report showed supplies at the Cushing, Oklahoma trading hub fell by 200,000 barrels to 29.8 million.

Crude prices rise in Asian trade

Oil prices rose in Asian trade Thursday after stockpiles declined at a key US trading hub, indicating stronger demand, and on news of a major pipeline expansion in the United States. New York's main contract, West Texas Intermediate (WTI) for April delivery, rose 38 cents to $100.75 in afternoon trade and Brent North Sea crude for May gained 30 cents to $106.15. The US Department of Energy (DoE) report showed supplies at the Cushing, Oklahoma trading hub fell by 200,000 barrels to 29.8 million.

Oil prices drop after Ukraine's Crimea opts for Russia

Oil prices fell modestly Monday as markets downplayed fears of disruptions to Western European energy supplies after Crimea voted in a disputed referendum to leave Ukraine and join Russia. New York's main contract, West Texas Intermediate for delivery in April, finished trading at $98.08 a barrel, a loss of 81 cents from Friday's close. Brent North Sea crude for May delivery slid $1.97 to $106.24 a barrel in London trade, its lowest level since early February.
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