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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...

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...

Oil prices near a new high for the year

Business | Energy
2009-10-14

OIL prices neared new highs for the year yesterday as the dollar slipped against other major currencies, demonstrating how much the weakened U.S. currency can affect consumers globally. The U.S. dollar index, where...