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President Obama will meet with families affected by the Tornado in Oklahoma on Sunday. Sen. Tom Coburn (R-OK) shares his appreciation for the leadership in his state that has risen amidst tragedy.
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SINGAPORE, April 4- Brent crude edged up above $107 on Thursday after its biggest fall in five months in the previous session, but prices stayed close to this year's low, as weak data and swelling inventories in top consumer the United States muddied the demand outlook.
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SINGAPORE, April 4- Brent crude edged up above $107 on Thursday after its biggest fall in five months in the previous session, but prices stayed close to this year's low as weak data and swelling inventories in top consumer the United States muddied the demand outlook.
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NEW YORK, April 3- Oil prices fell 3 percent on Wednesday in the steepest daily drop in five months, as U.S. crude inventories rose to their highest since 1990 and as weak economic data weighed on the outlook for demand. Brent crude oil for May delivery settled down $3.58 at $107.11 a barrel, the biggest one day percentage fall since Nov. 3.
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Brent crude oil for May delivery settled down $3.58 at $107.11 a barrel, the biggest one day percentage fall since Nov. 3. U.S. crude settled down $2.74 at $94.45 a barrel, having fallen as low as $94.18.
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"The report is somewhat bearish given the build in crude oil inventories and modest decline in gasoline inventories, which are the focus of the market," said John Kilduff, partner at Again Capital LLC in New York.
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*U.S., European stocks decline, oil slides below $109. NEW YORK, April 3- Major stock markets and the U.S. dollar fell on Wednesday after unexpectedly weak growth in U.S. private-sector jobs and services dented optimism about the world's largest economy, while investors awaited central bank policy meetings in the euro zone and Japan.
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LONDON, April 3- Oil slid towards $109 a barrel on Wednesday as stockpiles swelled in top consumer the United States, where a struggling economy is limiting demand for fuel. Brent shed $1.40 to trade at $109.29 by 1449 GMT, while U.S crude slid 89 cents to $96.30.
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NEW YORK, April 3- Major stock markets and the U.S. dollar fell on Wednesday after weaker-than-expected growth in U.S. private-sector jobs and services dented some optimism about the world's largest economy, while investors awaited policy meetings by central banks in the euro zone and Japan.
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LONDON, April 3- Oil dropped below $110 a barrel on Wednesday as oil stockpiles swelled in top oil consumer the United States, where a struggling economy is limiting demand for fuel. Brent lost 87 cents to $109.82 a barrel by 1047 GMT, while U.S crude slid 49 cents to $96.70.
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LONDON, April 3- Oil slid towards $110 a barrel on Wednesday as oil stockpiles swelled in top oil consumer the United States, where a struggling economy is limiting demand for fuel.
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NEW YORK, April 3- Major stock markets and the dollar fell on Wednesday after unexpectedly weak growth in U.S. private-sector jobs and services dented optimism about the world's largest economy. Crude prices slumped more than 2 percent as oil stockpiles swelled in the United States, the top oil consumer, where a struggling economy is limiting demand for fuel.
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SINGAPORE, April 3- Brent crude slipped toward $110 a barrel on Wednesday, dropping for a second straight day, as swelling oil inventories in the United States and recent weak data fuelled worries about demand from the world's top consumer.
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SINGAPORE, April 3- Brent crude slipped toward $110 a barrel on Wednesday, dropping for a second straight day as swelling oil inventories in the United States and recent weak data fuelled worries about demand from the world's top consumer.
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PERTH, April 3- U.S. crude futures dropped below $97 per barrel on Wednesday after data showed a sharp build in inventories in the world's top oil consumer, while the possibility of a prolonged pipeline outage in the Midwest also hurt prices. *U.S. crude for May delivery fell 53 cents to $96.66 per barrel at 0027 GMT on Wednesday.
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Brent crude oil rose early, then reversed to fall as much as $1 a barrel, before settling down 39 cents a barrel at $110.69. The Brent-U.S. crude spread narrowed in choppy trading to settle at $13.50 a barrel, after widening to as much as $14.66 during the session. U.S. crude slipped in post-settlement trading, and was down 22 cents at $96.85 as of 4:52 p.m. in New York.
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Brent crude oil rose early, then reversed to fall as much as $1 a barrel, before settling down 39 cents a barrel at $110.69. U.S. crude slipped in post-settlement trading, and was down 22 cents at $96.85 as of 4:12 p.m. in New York. The premium of Brent to U.S. light sweet crude ended at $13.50 after the spread between the two widened as much as $14.66.
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*$1.5 billion in asset sales so far. HOUSTON, April 1- Chesapeake Energy Corp is on track to stay within its budget for the year, Steve Dixon, the natural gas company's newly appointed interim chief executive officer, said on Monday.
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Chesapeake Energy's search for a new chief executive to replace Aubrey McClendon may take longer than expected, a source told Reuters on Friday.
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*Gold moves above $1,600/ ounce. Crude oil futures in New York settled up for a fourth straight day after being pressured initially by government data pointing to higher stockpiles of oil in the United States, the world's largest consumer of the commodity.
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NEW YORK, March 27- Crude oil prices rose on Wednesday in choppy trading as U.S. heating oil rallied on falling distillate inventories, while rising crude oil stockpiles in the United States and the stronger dollar limited gains.