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Oil prices drop below US$77 on economic doubt

Business | Energy
2009-11-21

OIL prices fell below US$77 a barrel yesterday on a stronger dollar and amid concern about the strength of the global economic recovery. Benchmark crude gave up 74 cents to settle at US$76.72 a barrel on the last...

Crude prices follow world markets down

Business | Energy
2009-11-20

A GLOBAL sell-off on equity markets dragged down crude prices by nearly 3 percent yesterday, the first decline this week. The price for a barrel of crude dropped by more than US$1 immediately when U.S. markets...

Oil settles higher on weak dollar

Business | Energy
2009-11-19

OIL prices increased for the third day in a row as the dollar weakened and auto club AAA reported that more drivers are expected on America's highways next week. Benchmark crude for December delivery added 44...

Oil up again, settles above US$79

Business | Energy
2009-11-18

OIL prices pushed higher for a second straight day yesterday even though the dollar strengthened and fresh economic data gave mixed signals on whether demand for oil will increase. Benchmark crude for December...

Oil rises on weak dollar, rising stock markets

Business | Energy
2009-11-17

AFTER hitting their lowest level in a month, oil prices bounced back and settled near US$79 yesterday on the back of a weaker dollar and rising global stock markets. Benchmark crude for December delivery rose US$2.55...

Oil dips to lowest level since October

Business | Energy
2009-11-14

OIL slid yesterday to its lowest price in a month as investors started to pay more attention to a yearlong slump in American energy demand. For most of the year, oil prices surged as investors pumped money into...

Oil drops, settles below US$77 after supply report

Business | Energy
2009-11-13

OIL prices tumbled yesterday, dropping below US$77 a barrel after the government reported that petroleum supplies continue to grow as American drivers and businesses cut way back on energy use. Benchmark crude...

Oil settles above US$79 as China's economy rebounds

Business | Energy
2009-11-12

OIL prices ticked higher yesterday as OPEC said the world would consume more crude in 2010 than previously expected, and China said its economy improved. Benchmark crude for December delivery added 23 cents to...

Oil prices fall as Ida fades, dollar climbs

Business | Energy
2009-11-11

OIL prices fell yesterday as workers headed back to deep sea platforms that were bypassed by a rapidly weakening storm in the Gulf of Mexico. Ida, once a Category 1 hurricane, was downgraded to a tropical storm...

Energy prices jump even as Gulf storm weakens

Business | Energy
2009-11-10

OIL prices shot above US$80 a barrel yesterday as a weakened U.S. dollar created more turbulence in energy markets than a tropical storm heading into the Gulf of Mexico. Ida had helped push crude prices higher...