Friday, December 18, 2009

Wall Street Journal - OIL FUTURES: Oil Up On Iran, Iraq But Trims Gains On Dollar

New York

By Claire Rangel


Of DOW JONES NEWSWIRES


NEW YORK (Dow Jones)--Oil futures were up slightly around midday Friday, though earlier gains spurred by news that Iran had occupied an Iraqi oil well were pared as the U.S. dollar strengthened.


Light, sweet crude for January delivery recently traded 36 cents, or 0.5%, higher at $73.01 a barrel on the New York Mercantile Exchange, having touched an intraday high of $74.69 a barrel. Brent crude on the ICE futures exchange traded 13 cents, or 0.1%, lower at $73.24 a barrel.


"The rally ran out of steam ...

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13 comments:

  1. DaveParsonsDecember 18, 2009 at 10:38 PM

    Oil fell one cent to $72.65 US a barrel on the New York Mercantile Exchange, while gold prices lost $28.70 to $1106.80 US an ounce.

    ReplyDelete
  2. Glenda McdowellDecember 18, 2009 at 11:02 PM

    Crude oil rose in New York, poised for its biggest weekly advance since October, on optimism fuel demand will increase

    ReplyDelete
  3. jessica13316December 19, 2009 at 3:33 AM

    lol my mom: remind me next time we go to new york that we can't go to jive turkey, they fry the turkeys in peanut oil. don't want you to die

    ReplyDelete
  4. Jordan DoyleDecember 19, 2009 at 4:41 AM

    Google "A Fish Oil Story", New York Times, glad I switched to flax oil for Omega 3's. Serious fishery depletion, dying ocean stuff...

    ReplyDelete
  5. Jenny HessDecember 19, 2009 at 5:43 AM

    Oil fell in New York as the dollar strengthened paring gains made yesterday after a gov report showed a decline in fuel supplies in the U.S

    ReplyDelete
  6. Diane HarperDecember 19, 2009 at 6:54 AM

    Oil surged above $73 a barrel in New York and copper and gold rose.

    ReplyDelete
  7. Samantha RubioDecember 19, 2009 at 7:33 AM

    Farrell Oil delivers green motor oil to upstate New York - Your Oil and Gas News (press release)

    ReplyDelete
  8. Combs19December 19, 2009 at 8:41 AM

    Oil traded little changed near a two-month low in New York as the stronger dollar curtailed investor appetite for commodities.

    ReplyDelete
  9. Katie HardingDecember 19, 2009 at 9:56 AM

    Oil Futures give up gains in New York as Dollar strengthens Against Euro

    ReplyDelete
  10. Linda33December 19, 2009 at 11:56 AM

    Have the New York Giants been giving each other oil massages?

    ReplyDelete
  11. Brian16December 19, 2009 at 12:01 PM

    xmas menu planning: prime rib w york puds, au jus, creamy mushroom casserole, pots w leeks and olive oil, haricots verts...need an hors' d..

    ReplyDelete
  12. tom3424December 19, 2009 at 1:19 PM

    New York (NY) Times: Iraq Auctions Development Rights to Oil Fields

    ReplyDelete
  13. claude26December 19, 2009 at 1:27 PM

    Get out of NYC Manhattan New York to visit The Drake Oil Well in PA! Our escorts will make your trip out of NY fun! 646-971-4355

    ReplyDelete

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