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Latest Brent Crude Stories

2005-09-01 10:21:48

By Janet McBride LONDON (Reuters) - Gasoline rode high at over $100 a barrel on Thursday as the United States scrambled to replace fuel supplies lost when Hurricane Katrina slammed into Gulf of Mexico rigs and refiners. President George W Bush told Americans he expected close ally Saudi Arabia to do "everything it can" to provide the United States with more oil and said there would be zero tolerance of price gouging at the gasoline pump. But Europe was unnerved by how ill-prepared...

2005-09-01 09:10:09

By Janet McBride LONDON (Reuters) - Crude held near $69 and gasoline rode high at over $100 a barrel on Thursday as the United States scrambled to replace fuel supplies lost when Hurricane Katrina slammed into Gulf of Mexico rigs and refiners. President George W Bush told Americans he expected close ally Saudi Arabia to do "everything it can" to provide the United States with more oil and said there would be zero tolerance of price gouging at the gasoline pump. Europe was unnerved...

2005-08-25 03:15:25

By Park Sung-woo SINGAPORE (Reuters) - Oil surged to a record $68 a barrel on Thursday, hounded by supply concerns due to a growing threat to oil facilities from an Atlantic storm and a large fall in U.S. gasoline stocks. U.S. light crude was up 18 cents at $67.50 a barrel by 0747 GMT, pausing after hitting $68 in early trade, the highest since U.S. crude futures started trade in 1983. London Brent crude was up 34 cents to $66.35. Dealers are concerned about a thin stock cushion...

2005-08-12 12:02:56

By Peg Mackey LONDON (Reuters) - Oil prices raced to record highs of $67 a barrel on Friday as investors fretted over the world's strained capacity to refine and pump crude oil. U.S. oil has risen 51 percent since the start of the year. The stage could be set for further gains, with no let-up seen in global demand growth and no signs that $60-plus oil is harming the economy of the world's largest consumer, the United States. U.S. light crude at 1635 GMT was up 90 cents $66.70, off a...

2005-08-12 11:00:35

By Peg Mackey LONDON (Reuters) - Oil prices raced to record highs near $67 a barrel on Friday as investors fretted over the world's strained capacity to refine and pump crude oil. U.S. oil has risen 51 percent since the start of the year. The stage could be set for further gains, with no let-up seen in global demand growth and no signs that $60-plus oil is harming the economy of the world's largest consumer, the United States. U.S. light crude at 1550 GMT was up $1.05 at $66.85,...

2005-08-12 10:16:22

By Peg Mackey LONDON (Reuters) - Oil prices raced to record highs above $66 a barrel on Friday as investors fretted over the world's strained capacity to refine and pump crude oil. U.S. oil has risen 52 percent since the start of the year. The stage could be set for further gains, with no let-up seen in global demand growth and no signs that $60-plus oil is harming the economy of the world's largest consumer, the United States. U.S. light crude at 1438 GMT was up 60 cents at $66.40,...

2005-08-12 08:13:40

By Peg Mackey LONDON (Reuters) - Oil prices raced to record highs above $66 a barrel on Friday as investors fretted over the world's strained capacity to refine and pump crude oil. U.S. oil has risen 52 percent since the start of the year. The stage could be set for further gains, with no let-up seen in global demand growth and no signs that $60-plus oil is harming the economy of the world's largest consumer, the United States. U.S. light crude at 1242 GMT was up 32 cents at $66.12,...

2005-08-08 11:46:25

By Janet McBride LONDON (Reuters) - Oil prices hit a new record high near $64 on Monday after warnings of militant attacks in the world's biggest oil exporter Saudi Arabia and on worries about refinery outages in the United States. U.S. crude was up $1.49 at $63.80 a barrel at 1725 GMT after peaking at $63.99. London Brent crude was up $1.49 at $62.56 a barrel after touching $62.70. As the United States shut its diplomatic missions in Saudi Arabia in response to threats, Britain warned...

2005-08-08 08:12:24

By Janet McBride LONDON (Reuters) - Oil hit a record high of nearly $63 a barrel on Monday on fears of militant attacks in the world's biggest oil exporter Saudi Arabia and a possible gasoline shortage in the United States. As the United States shut its diplomatic missions in Saudi Arabia for two days in response to threats, Australia and Britain warned that militants would soon strike in the kingdom. "It's the kind of report that, given the current market conditions, is going to lead to...

2005-07-07 06:42:37

LONDON (Reuters) - Oil prices fell 2.5 percent on Thursday after a series of explosions across central London's public transport system that appeared to be a co-ordinated terror attack. U.S. crude fell to a low of $57.20, recovering by 1135 GMT for a loss of $1.49 at $59.79 a barrel. Crude set a new record high of $62.10 just before the attacks on worries about the impact on oil supply of a hurricane in the U.S. Gulf. Brent crude in London fell to a low of $55.55 before recovering to...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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