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Global oil prices rise as U.S. cold snap boosts demand

Global oil prices rebounded on Tuesday as a cold snap in the United States boosted demand for heating fuel, analysts said. New York’s main contract West Texas Intermediate for February delivery rose 37 cents to $93.80 a barrel. Brent North crude gained also 37 cents to stand at $107.10 in…

Oil prices climb despite record stockpiles

Oil prices rallied in New York Thursday despite US stockpiles hitting a fresh all-time high, while Brent slipped. New York’s main contract, West Texas Intermediate (WTI) light sweet crude for July, closed at $93.61 a barrel, up 48 cents from Wednesday. Brent North Sea crude for delivery in July dropped…

Oil prices diverge before US payrolls data

World oil prices diverged on Friday amid caution before key payrolls data in top crude consumer the United States, and as Greece reached a debt deal with private creditors to avert bankruptcy. New York’s main contract, West Texas Intermediate (WTI) or light sweet crude for delivery in April, added 34…

Oil prices rise on Greek deal

NEW YORK — Oil prices rose on Thursday, with Brent hitting six-month highs in part due to hopes of a Greek debt deal — helping to offset a slight cut in OPEC’s demand growth forecast. New York’s main contract, West Texas Intermediate (WTI) light sweet crude for delivery in March,…

Oil rises as traders await US jobs report

World oil prices rose Friday on nervous trade ahead of a closely-watched US jobs report to be released later in the day, analysts said. New York’s main contract, West Texas Intermediate (WTI) crude for delivery in March, gained 65 cents to $97.01 a barrel. Brent North Sea crude for March…

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