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Latest Brent Crude Stories

2008-06-26 06:03:00

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. US crude oil inventories rose by 800,000 barrels to 301.8 million barrels in the week to 20 June, according to the US energy information administration, compared with market expectations of a 1.4 million barrel...

2008-06-17 12:00:48

By DOUGLAS HAMILTON CRUDE oil futures soared by more than dollars5 to a record near dollars140 a barrel yesterday as traders ignored a promise from Saudi Arabia to lift production and instead fretted about the falling value of the dollar. US light, sweet crude for July delivery soared to a record of dollars139.89 before retreating to trade 25 cents down at dollars134.61 a barrel on the New York Mercantile Exchange. In London, North Sea Brent crude for August delivery surged dollars1.91 to...

2006-07-14 10:54:01

By Randy Fabi LONDON (Reuters) - Oil surged to record highs above $78 on Friday on fears the conflict between Israel and Hizbollah guerrillas could escalate and spread to more Middle East countries. Iran's nuclear standoff with the West, fears over oil supply in Nigeria due to militant attacks, an influx of fund buying and falling U.S. crude supplies also contributed to the rise in the oil market -- which is up nearly 30 percent this year. U.S. crude soared to as high as $78.40 a...

2006-07-14 05:59:55

By Randy Fabi LONDON (Reuters) - Oil surged to record highs above $78 on Friday on fears that conflict between Israel and Hizbollah guerrillas could escalate and spread to more Middle East countries. Iran's nuclear standoff with the West, fears over oil supply in Nigeria due to militant attacks, an influx of fund buying and falling U.S. crude supplies also contributed to the rise in the oil market -- which is up nearly 30 percent this year. U.S. crude soared to as high as $78.40 a...

2006-04-20 03:29:27

By Luke Pachymuthu SINGAPORE (Reuters) - Brent crude oil jumped to a fresh record high above $74 a barrel on Thursday after a steep drop in U.S. gasoline stocks fueled fears of tight summer supplies at a time of growing anxiety over Iran's exports. IPE Brent crude climbed as high as $74.22 a barrel, its eighth consecutive session to mark a new peak. It was trading up 20 cents at $73.95 a barrel by 0822 GMT. U.S. May crude oil futures rose 32 cents to $72.49 a barrel, its third day...

2006-04-19 05:48:25

By Simon Webb LONDON (Reuters) - Oil held above $72 a barrel on Wednesday on fears Iran's intensifying dispute with the West may lead to a supply cut from the world's fourth largest exporter. London's Brent crude fell 13 cents to $72.38 a barrel at 1030 GMT, just off the record of $72.64 hit on Tuesday. Brent has hit fresh records in each of the last six sessions as the loss of a quarter of Nigerian oil supply has tightened European markets more than the U.S., where crude stocks are...

2006-04-18 22:51:23

By Luke Pachymuthu SINGAPORE (Reuters) - U.S. oil held within sight of its record high above $71 a barrel on Wednesday as dealers feared Iran's intensifying dispute with the West over its nuclear aims may lead to supply cuts from the world's fourth-largest exporter. U.S. May crude oil futures fell 36 cents to $70.99 a barrel by 341 GMT, after hitting a record-high of $71.60 the previous day, breaking through last August's $70.85 peak. London's Brent crude eased a cent to $72.50 a...

2005-09-22 10:03:28

By Barbara Lewis and Janet McBride LONDON (Reuters) - Oil raced toward $68 a barrel on Thursday as Hurricane Rita bore down on the Gulf of Mexico and threatened to batter oil and gas infrastructure that is struggling to recover from Katrina. So far, eight refineries in Texas have been shut down as a precaution as Rita, now a maximum Category 5 storm, aimed her 175 mph (280 kph) winds on Texas, home to a quarter of U.S. refining capacity. She is expected to hit land by early...

2005-09-22 08:04:34

By Barbara Lewis and Janet McBride LONDON (Reuters) - Oil raced above $68 a barrel on Thursday as Hurricane Rita bore down on Gulf of Mexico and threatened to batter oil and gas infrastructure that is struggling to recover from Katrina. So far, six refineries in Texas have been shut down as a precaution as Rita, now a maximum Category 5 storm, aimed her 175 mph (280 kph) winds on Texas, home to a quarter of U.S. refining capacity. She is expected to hit land by early Saturday. U.S....

2005-09-22 06:54:08

By Barbara Lewis and Janet McBride LONDON (Reuters) - Oil raced above $68 a barrel on Thursday as Hurricane Rita bore down on Gulf of Mexico and threatened to batter oil and gas infrastructure that is struggling to recover from Katrina. So far, six refineries in Texas have been shut down as a precaution as Rita, now a maximum Category 5 storm, aimed her 175 mph (280 kph) winds on Texas, home to a quarter of U.S. refining capacity. She is expected to hit land by early Saturday. U.S....


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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