Latest Brent Crude Stories
By Stevenson Jacobs NEW YORK - Oil prices tumbled more than $6 a barrel Friday - the biggest one-day percentage plunge in nearly four years - after a rebounding dollar and a Russian troop pullback in Georgia sparked another frenzied sell-off.
By Rosemary Gallagher OIL cartel Opec is expected to reduce supplies next month following a sharp fall in crude prices on Friday. The value of US crude fell 5.5 per cent to dollars 114.59 a barrel - the biggest drop in percentage terms in one day since December 2004.
By THE ASSOCIATED PRESS VIENNA, Austria - Tighter U.S. gasoline supplies propelled oil prices upward for the second day today with crude moving above the $116 a barrel mark.
Husky Energy Inc. (TSX: HSE) reported net earnings of $1.36 billion or $1.61 per share (diluted) in the second quarter of 2008, an increase of 89 percent from $721 million or $0.85 per share (diluted) in the same quarter of 2007.
By CHURCHOUSE, Nick OIL companies are standing by their pumps as the Automobile Association calls for a three-cent drop in petrol prices after crude oil prices dipped.
By TIM SHARP OIL prices dropped to dollars139 yesterday as a strike by Brazilian oil workers did little to dent output and the outlook for the US economy worsened, but British MPs still demanded information that could show if speculators are manipulating the market.
Oil prices yesterday set a new record above EUR147 a barrel amid fears over growing tension in the Middle East. Brent crude reached EUR147.02 on the London-based ICE Futures Exchange. It has now risen more than EUR10 in the past two days.
By Jack Money, The Oklahoman Jul. 8--YEARS AGO, Oil Refiners Sought -- and were able to find -- barrels of light, sweet crude they could refine into every fuel the United States needs, such as gasoline, diesel and jet fuel.
"The problem you had in California was caused by a combination of things: an unwise regulatory scheme, because they didn't really deregulate. Now they're trapped from unwise regulatory schemes, plus not having addressed the supply side of issues.
OIL prices tumbled yesterday as US weekly data showed an unexpected increase in crude oil inventories and sluggish fuel demand. US light crude fell to as low as dollars 132.25 a barrel before picking up slightly while London Brent crude was down by dollars 3.29 at dollars 133.17.
- A young chicken: also used as a pet name for children.