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Oil prices mixed ahead of US inventory report

AP FILE PHOTO

Oil prices were mixed in Asian trade Wednesday as dealers anticipated a further increase in US crude stockpiles, indicating weak demand in the world’s top crude consumer.

Posted: November 27th, 2013 in Latest Business Stories | Read More »

Oil prices up in Asia on bargain-hunting

AP FILE PHOTO

Oil prices rebounded in Asia Wednesday as traders pounced after sharp falls the previous day on forecasts of surging production in the United States, analysts said.

Posted: November 13th, 2013 in Latest Business Stories | Read More »

Oil prices dip as dealers weigh impact of US shutdown

AP FILE PHOTO

Oil prices retreated further in Asian trade Wednesday as investors weighed the economic consequences of the budget crisis that has partially shut down the US government.

Posted: October 2nd, 2013 in Latest Business Stories | Read More »

Oil higher in Asian trade as US gains support on Syria

AP FILE PHOTO

Oil prices rose in Asian trade Thursday as US President Barack Obama cleared the first legislative hurdle in his race to win congressional backing for military strikes on Syria.

Posted: September 5th, 2013 in Latest Business Stories | Read More »

JPMorgan accused of US energy market manipulation

In this May 11, 2012, file photo, people stand in the lobby of JPMorgan Chase headquarters in New York. JPMorgan Chase on Monday, May 14, 2012, said its chief investment officer Ina Drew was resigning in the wake of the bank's stunning $2 billion loss on derivatives trading.  AP PHOTO/MARK LENNIHAN

The top federal US energy regulator has accused banking giant JP Morgan Chase of manipulating energy prices, according to a “preliminary” document published Monday.

Posted: July 30th, 2013 in Latest Business Stories | Read More »

Oil market soars to 15-month high point

FILE PHOTO

Global oil prices hit a 15-month high point on Thursday, boosted by signs of strengthening demand in top consumer the United States and ongoing supply fears linked to violence in Egypt, dealers said.

Posted: July 11th, 2013 in Latest Business Stories | Read More »

Oil strikes new 14-month high point

AP FILE PHOTO

Global oil prices hit a 14-month pinnacle on Wednesday, buoyed by strong energy demand in the United States, the world’s biggest crude consumer, ahead of US inventories data, analysts said.

Posted: July 10th, 2013 in Latest Business Stories | Read More »

Oil up in Asian trade

In this file photo taken with a long exposure, a pumping unit sucks oil from the ground near Greensburg, Kan. AP FLE PHOTO

Oil was up in Asia on Friday on market speculation the OPEC cartel would cut output ahead of a meeting next month to stop Brent crude prices — which remained below $100 a barrel — from falling further.

Posted: April 19th, 2013 in Latest Business Stories | Read More »

Gold claws back losses after biggest fall in 30 years

An Indian woman looks at a display of gold jewelry at a shop in Mumbai, India. Gold prices recovered slightly on Tuesday, April 16, 2013, after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.  AP PHOTO/RAJANISH KAKADE

Gold prices clawed back some losses Tuesday after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.

Posted: April 17th, 2013 in Latest Business Stories | Read More »

Oil up in Asian trade on US data, geopolitical unrest

Oil firms cut diesel and kerosene prices as demand for fuel tapered off amid the tail-end of winter in the United States. AP FILE PHOTO

Oil prices were up in Asian trade Tuesday, on upbeat US durable goods data and geopolitical concerns in Egypt and Algeria, analysts said.

Posted: January 29th, 2013 in Latest Business Stories | Read More »

Crude down in Asia on US fiscal cliff deadlock

In this July 26, 2011, file photo, Austin Mitchell, left, and Ryan Lehto work on an oil derrick outside of Williston, North Dakota. Crude prices were down in Asia on Monday as traders' hopes of a last-minute compromise deal between US politicians to avert the fiscal cliff faded, analysts said.  AP PHOTO/GREGORY BULL

Crude prices were down in Asia on Monday as traders’ hopes of a last-minute compromise deal between US politicians to avert the fiscal cliff faded, analysts said.

Posted: December 31st, 2012 in Latest Business Stories | Read More »

Oil prices rise on Middle East tensions

AP FILE PHOTO

Oil prices rose Friday on concerns about supply in the wake of the latest burst of violence in the Middle East.

Posted: November 18th, 2012 in Latest Business Stories | Read More »

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