Latest Brent Crude Stories
ATLANTA, Dec. 9 /PRNewswire-FirstCall/ -- IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, announced the introduction of 11 new cleared energy contracts in its OTC marketplace beginning January 9, 2009.
By Stevenson Jacobs Associated Press NEW YORK -- Oil prices tumbled more than $10 a barrel Monday, dropping back below $100 as a U.S. financial bailout failed to win legislative approval, raising fears of a prolonged economic downturn that could drastically erode global energy demand.
By Stevenson Jacobs Associated Press NEW YORK -- Oil prices closed below $100 a barrel for the first time in six months Monday, tumbling in another dramatic sell-off as the demise of Lehman Brothers and the sale of Merrill Lynch deepened worries about the U.S. economy.
MOTORISTS look set to benefit from the market turmoil with oil prices tumbling on global growth fears, writes Scott Reid. A barrel of crude fell in trading on both sides of the Atlantic yesterday, aided by signs that Hurricane Ike had avoided wreaking too much havoc on key US infrastructure.
The price of Brent crude, the North Sea benchmark oil, for October delivery dropped $1.41 a barrel to $98.93, despite oil cartel Opec's decision to cut supply.Signs of a slowing economy in the United States expected to hit demand for oil brought an end to earlier rises with light, sweet crude also declining to $102.15 a barrel on the New York Mercantile Exchange.The International Energy Agency lowered its global oil demand forecast for both this year and 2009 to reflect slower economic...
VIENNA, Austria (AP) -- The just-ended OPEC meeting was about more than what a barrel of oil can fetch on the open market as the global economic picture grows dim.
By ADAM SCHRECK DUBAI, United Arab Emirates - Oil prices sank today as Hurricane Ike appeared less likely to strike Gulf of Mexico energy installations and Saudi Arabia suggested OPEC will not cut output later in the day.
By Pablo Gorondi Oil prices tumbled to $111 a barrel Monday as Hurricane Gustav weakened along the Gulf Coast and posed less of a threat to oil drilling and refining operations.
By Nevill Boyd Maunsell Economics Editor As the third anniversary of Hurricane Katrina's devastation of New Orleans approaches tomorrow, fears that a new hurricane could wreck oil rigs in the Gulf of Mexico sent oil prices sharply higher.
By wire NEW YORK -- Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of supply disruptions to the West.
- To befool; deceive; balk; jilt.
- An illusion; a trick; a cheat.