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Oil Prices stories:
Oil moves down near $77 amid economic uncertainty
Nov 20th, 2009 - AOL Money & Finance
-Oil prices edged down toward $77 a barrel on Friday after a drop in many stock markets and amid concern about the strength of the global economic recovery. By early afternoon in Europe...
Crude prices follow world markets down
Nov 19th, 2009 - kansascity
A global sell off on equity markets dragged down crude prices by nearly 3 percent Thursday, the first decline this week. The price for a barrel of crude dropped by more than $1 immediately when U.S...
Crude prices follow world markets downward
Nov 19th, 2009 - AOL Money & Finance
NEW YORK -A global sell off on equity markets dragged down crude prices by nearly 3 percent Thursday, the first decline this week. The price for a barrel of crude dropped by more than $1 immediately when U.S...
Oil falls below $79 amid mixed economic signs
Nov 19th, 2009 - Boston
KUALA LUMPUR, Malaysia—Oil prices slipped below $79 a barrel Thursday amid mixed signals over the strength of the global economic recovery. By early afternoon in Europe...
Oil falls to near $79 amid mixed economic signs
Nov 19th, 2009 - Yahoo! News
KUALA LUMPUR, Malaysia – Oil prices slipped to near $79 a barrel Thursday in Asia amid mixed signals over the strength of the global economic recovery. Benchmark crude for December delivery was down 53 cents to $79.
Oil Prices videos from YouTube:
- US markets end flat; Oil...finishing the session slightly lower, the Dow off 11 points, the Nasdaq also losing 11 but the S&P 500 ended down just a fraction of a point. Oil prices rose Wednesday lifted by the weak dollar and government data showing oil supply fell last week
- Current Oil Prices Not Supported...Fundamentals are not supporting oil prices at the current levels, believes Shailaja Nair, managing editor at Platts. She talks oil, with CNBC's Chloe Cho.
- WHO CONTROLS OIL PRICES?This video will tell you who controls oil prices and one of the reasons USA wants to attack Iran. Supply and demand or shortages is NOT the cause of rising oil prices. For anyone aware that ...
- The Price Of OilThe historic swings in oil prices last year were the result of financial speculation from Wall Street and not supply and demand. Steve Kroft investigates.
Oil Prices from WikiPedia:
The price of petroleum as quoted in news generally refers to the spot price of either WTI/Light Crude as traded on the New York Mercantile Exchange (NYMEX) for delivery at Cushing, Oklahoma, or of Brent as traded on the Intercontinental Exchange (ICE, into which the International Petroleum Exchange has been incorporated) for delivery at Sullom Voe. The price of a barrel of oil is highly dependent on both its grade, determined by factors such as its specific gravity or API and its sulphur content, and its location. The vast majority of oil is not traded on an exchange but on an over-the-counter basis.[citation needed] Other important benchmarks include Dubai, Tapis, and the OPEC basket. The Energy Information Administration (EIA) uses the imported refiner acquisition cost, the weighted average cost of all oil imported into the US, as its "world oil price".
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