Crude oil prices slumped on the New York Mercantile Exchange this morning, losing as much as 1.7 per cent to trade below $74 a barrel.The losses came after US salaries data from the Commerce Department showed incomes rose 0.2 per cent, lower than the 0.3 per cent median growth forecast predicted by ... More
Written by Neil Brunskill.Crude oil prices were falling on the New York Mercantile Exchange this morning (August 27th), set for their third week of losses.After a brief mid-week rally, both crude and heating oil have resumed their downward trend in early trading this morning, with crude down 20 cent... More
Crude oil prices were rallying for a second day on the New York Mercantile Exchange this morning (August 26th) as traders took the view that prices had fallen too far.By 02:43 Central Standard Time, the October delivery crude contract was trading at $73.10 a barrel, up 58 cents on yesterday's se... More
Crude oil prices were rising during the electronic trading session of the New York Mercantile Exchange this morning (August 25th), rising back above $72 a barrel.Yesterday, crude extended losses and prices approached $70 a barrel before settling at $71.63, with the late rally staged by traders perce... More
Crude oil prices were lower for a fifth consecutive session this morning (August 24th), registering losses in excess of one per cent.By 02:44 Central Standard Time, the October-delivery crude contract was trading at $72.21 a barrel, down 89 cents on yesterday's closing price.Heating oil futures ... More
Crude oil prices were climbing this morning (August 23rd) as Chinese equities rallied on the back of stronger-than expected earnings reports.Prices slumped to their lowest level in six weeks on the New York Mercantile Exchange last week, driven lower by weak employment data in the US, but China'... More
Individuals have been encouraged to consider cutting their energy costs as quickly as possible in order to be prepared for the winter months.Energy manager at moneysupermarket.com Scott Byrom said many UK homeowners are experiencing 'fuel poverty' without even realising it."We firmly be... More
Distillate fuels, which include heating oil, have risen by 1.1 million barrels, a new report has revealed.The US Energy Department's Energy Information Administration noted in its weekly overview that heating oil stock increased by as much as expected, while gasoline and crude supplies experienc... More
People who are hoping to save money on fuel bills can do so in a number of cost-effective ways, one expert has claimed.Sustainability and communications director of social enterprise Sustain, Gordon Miller, stated one of the most effective upgrades is insulation."Making sure that your home is p... More
Current discounts on New York crude futures for delivery in 2012 could fall by the wayside as a result of new restrictions following the Deepwater Horizon spill.Contracts for 2012 delivery have been cheaper on the New York Mercantile Exchange than on the Intercontinental Exchange in London, Bloomber... More
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