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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 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 settles lower after US unemployment report

Business | Energy
2009-11-7

OIL prices tumbled yesterday after the government said the US unemployment rate topped 10 percent for the first time since 1983. Benchmark crude for December delivery gave up US$2.19 to settle at US$77.43 a barrel...

Oil trades below US$78 as US dollar strengthens

Business | Energy
2009-10-31

OIL prices fell to below US$78 a barrel yesterday on a stronger dollar and worries that a drop in consumer spending might make the US economic recovery unsustainable. Benchmark crude for December delivery fell...

Oil falls toward US$80 as dollar firms, stocks fall

Business | Energy
2009-10-24

OIL prices fell yesterday as a stronger US dollar and doubts over the pace of economic recovery halted the commodity's recent rally. The dollar gained against a basket of other currencies, while the S&P stock...

Oil falls slightly, US jobless claims weigh

Business | Energy
2009-10-23

OIL prices fell from a one-year high yesterday as a rise in new US jobless claims sent investors seeking safer havens. US crude oil futures settled down 18 cents at US$81.19 a barrel, after touching a one-year...

Oil falls from 1-yr high over US$80, US data weighs

Business | Energy
2009-10-21

OIL fell yesterday after hitting a one-year high over US$80 a barrel, as disappointing US data on housing starts and inflation weighed on markets. New construction of US homes rose less than expected in September,...

Oil hits 1-yr high above US$79, eyes equities

Business | Energy
2009-10-20

OIL prices rose more than 1 percent toward US$80 a barrel yesterday as stronger company earnings raised optimism about the economy, outweighing weak fundamentals. US crude for November delivery settled up US$1.08...

Crude rallies again

Business | Energy
2009-10-17

OIL prices finished above US$78 per barrel for the first time in a year, marking the largest weekly percentage increase in the cost of crude since the height of the U.S. summer driving season. Benchmark crude added...