Home » Topics » world oil prices
Shell net profit drops by half on lower oil prices
Energy giant Royal Dutch Shell said Thursday that second-quarter net profits tumbled 53 percent to $4.063 billion on the back of sliding world oil prices and slack demand. Adjusted net profits, stripping out movements in the value of inventories and other non-operating items, slid almost 13 percent to $5.72 billion…
Oil drops after Fed douses stimulus hopes
World oil prices slid on Wednesday after the Federal Reservepoured cold water on hopes of more monetary stimulus, while traders awaited the latest snapshot of US crude inventories. New York’s main contract, West Texas Intermediate crude for delivery in May, dropped 66 cents to $103.35 a barrel. Brent North Sea crude for May lost 24 cents…
Oil plunges on strong dollar, profit taking
World oil prices sank in volatile year-end deals on Wednesday, as traders took profits and eyed the strong dollar, new concerns over the eurozone debt crisis and fresh equity falls on Wall Street. New York’s main contract, light sweet crude for February delivery, known as West Texas Intermediate (WTI), sank $1.98 to $99.36 a barrel. Brent North…
Crude oil prices stable after brief rally
World oil prices steadied on Monday after a brief rally, as traders took their cue from the eurozone debt drama, analysts said. New York’s main contract, light sweet crude for delivery in November, added 34 cents to $87.14 a barrel. Brent North Sea crude for delivery in December climbed as high as $113.86 a barrel,…
Crude oil prices slip on Greek default fears
World oil prices slid on Monday, as tumbling global equities and fresh fears of a Greek default sparked concern over the energy demand outlook, with the market also hit by the strong dollar. New York’s main contract, West Texas Intermediate (WTI) for delivery in November, dipped 47 cents to $78.73 a barrel. Brent North…
As markets energize again, oil prices soar
World oil prices soared on Tuesday, mirroring the performance of global equities, as markets followed eurozone debt developments closely. Brent North Sea crude for delivery in November jumped $1.59 to $105.53 a barrel in London midday deals. New York’s main contract, West Texas Intermediate (WTI) for November, rallied $2.18 to…
Oil prices slump as U.S. downgrade stokes demand worries
World oil prices slumped Monday over fears of slowing energy demand in the United States after a shock credit rating downgrade for the world’s biggest economy, analysts said. New York’s main contract, West Texas Intermediate light, sweet crude for delivery in September, plunged $3.40 to $83.48 a barrel. Brent North…
Oil prices climb amid Libya fighting
NEW YORK – World oil prices advanced on Tuesday as fighting raged on in Libya, a significant exporter of crude before the current crisis. In New York, crude for April delivery closed at $104 dollars a barrel, up $1.67 at the end of Monday trade. In London Brent North Sea…
Brand new on Raw Story
- Jon Stewart rips Obama for aggressive investigation of whistle-blowers instead of bankers
- WATCH LIVE: Rescue operation begins as Washington state bridge collapses
- Senate unanimously approves Sri Srinivasan as first India-born senior judge
- Republican congressman fined $500 over sexual misconduct
- Anthony Weiner’s mayoral campaign off to a rocky start after police called to rally
- George Zimmerman lawyers release Trayvon Martin’s cellphone data to discredit killed teen
- IRS director Lois Lerner placed on administrative leave
- Questions Obama dodged in terror speech
- Texas Gov. Rick Perry ‘greatly disappointed’ by vote to admit openly gay Boy Scouts
- Boy Scouts to allow gay members but ban on gay and atheist leaders continues
Commentary
The real problem with 'check your privilege': It’s too generous
By Amanda Marcotte
The reality is Americans aren’t that concerned about drones
By Harry Enten, The Guardian
Tone policing only goes one way
By Amanda Marcotte
Raw Exclusives
Featured Video
Follow Us!
