Petroleum
Rising inventories and concerns about global supply glut have triggered a sharp decline in crude oil prices, with the New York Mercantile Exchange's (Nymex) August crude contract closing at $17.33 per barrel on July 19, down 2 cents from the previous day. Meanwhile, gasoline futures prices also
Petroleum
Crude oil prices plummeted to four-month lows on the New York Mercantile Exchange (Nymex) as the OPEC meeting drew to a close in Vienna, Austria. The July crude contract fell to $17.90/bbl, its lowest level since February 3, before bouncing back as the meeting concluded. Despite the initial
Petroleum
The Organization of Petroleum Exporting Countries (OPEC) is facing mounting pressure to reconsider its production quotas as crude oil prices plummet following remarks by OPEC President Erwin Arrieta. Arrieta's suggestion that the organization might lift its quotas in 1996 sent oil markets reeling, with crude oil prices dropping
Petroleum
The ongoing strike threat from unionized Brazilian oil workers against Petroleo Brasileiro S.A. (Petrobras) has created uncertainty in the global energy market, leading to increased crude oil and oil product prices. The July crude oil contract on the New York Mercantile Exchange (Nymex) settled up 6 cents at $18.
Petroleum
Crude futures prices slid on Friday, July 18, pulled down by the expiration of the July crude options contract. Despite hitting a daily low of $18.55, July crude prices on the New York Mercantile Exchange (Nymex) recovered to settle down 11 cents at $18.80 per barrel. The cash
Petroleum industry
US crude and gasoline stocks showed a downward trend for the week ended June 2, with domestic gasoline output decreasing due to reduced refinery use. Crude stocks fell 1.25 million barrels to 325.26 million barrels, while gasoline stocks decreased by 736,000 barrels to 208.74 million barrels.
Petroleum industry
A resurgence in crude and gasoline prices on the New York Mercantile Exchange (Nymex) was triggered by bullish inventory data on Wednesday, following several days of indecisive trading. The July crude contract settled at $19.13 per barrel, a 7-cent gain, while the July gasoline contract rose 0.38 cents
Petroleum
Anticipation of bearish inventory statistics led to a softening of crude and product prices on the New York Mercantile Exchange (Nymex) on Tuesday. The July crude futures contract dipped to $18.94/bbl before climbing back to settle at $19.06, down 19 cents from Monday. Gasoline prices also fell,
Petroleum industry
The news that Brazilian state-owned Petroleos Brasileiro S.A. (Petrobras) is trying to resell crude oil it had already purchased sent shockwaves through the oil markets, leading to a decline in crude and gasoline prices. This move by Petrobras was prompted by the increased refining output at four of Brazil&
Petroleum
Prices of gasoline and crude petroleum on the New York Mercantile Exchange fell on May 23, 1995, although analysts remain certain that prices will firm. The July futures contract for crude oil fell to $19.77 per barrel, a $0.07 drop, while June gasoline contracts fell to 66.15
Petroleum
Crude futures prices declined significantly on the New York Mercantile Exchange (Nymex) as rumors spread that the 21-day Brazilian oil workers' strike could come to an end. The June futures contract closed at $19.81/bbl, down 25 cents from the previous day, while the July contract settled at
Petroleum industry
The crude oil and gasoline markets at the New York Mercantile Exchange (Nymex) ended the trading day on May 19, 1995 with mixed results. The June crude oil futures price ended at $20.06/bbl, a gain of 6 cents, while the July crude oil futures price gained 9 cents
