Brent Crude Commodity Market Trades, Charts
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NEW YORK, May 24- Brent oil prices crept higher on Friday, as traders exited short positions ahead of a long holiday weekend in the United States, but the weekly percentage drop was still the biggest in more than a month. Brent crude oil futures settled 20 cents higher at $102.64 per barrel, after trading between $101.65 and $102.79.
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*Industrial commodities weighed down by shaky China demand. *Gold rises 2 pct on week, helped by conviction of more stimulus.
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*Shrinking factory activity in China limits oil demand growth. SINGAPORE, May 24- Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per barrel on Friday, as ample supply and a slow global economic recovery fuelled worries that demand for oil would be hit.
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*Shrinking factory activity in China limits oil demand growth. SINGAPORE, May 24- Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per barrel on Friday, as ample supply and a slow global economic recovery fuelled worries that demand for oil would be hit.
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*Shrinking factory activity in China limits oil demand growth. SINGAPORE, May 24- Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per barrel on Friday, as ample supply and a slow global economic recovery fuelled worries that demand for oil would be hit.
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PERTH, May 24- U.S. crude futures dropped to around $94 a barrel on Friday after disappointing China data and on lingering concerns the U.S. July oil futures contract had fallen 9 cents to $94.16 a barrel by 0038 GMT.
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*BP, Shell, Statoil in EU oil price probe. NEW YORK/ CHICAGO May 23- A Chicago- based commodities trading firm has filed suit against three of the world's largest oil companies, accusing them of colluding to fix oil prices after European authorities opened an investigation last week.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The hurricane forecast is for 7 to 11 hurricanes this season, which could be bullish for the energy markets. Nat gas was up on the day because storage levels rose less than expected.
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*U.S. equities recoup earlier losses, supporting oil. NEW YORK, May 23- Brent crude oil prices retraced earlier losses after falling to a three-week low on Thursday in a broader commodities selloff, riding the coattails of a late turnaround in U.S. equities to end flat.
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NEW YORK, May 23- Oil prices pared losses after falling to a three-week low on Thursday in a broader commodities selloff, supported as selling in U.S. equities tapered off on the back of encouraging domestic economic data.
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NEW YORK, May 23- Oil fell to a three-week low on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand, and worries about an early scale-back in U.S.
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LONDON, May 23- Oil fell to a three-week low near $101 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in U.S. China's factory activity shrank for the first time in seven months in May, a survey showed.
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LONDON, May 23- Oil fell below $102 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in Federal Reserve stimulus. China's factory activity shrank for the first time in seven months in May, a survey showed.
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CHENNAI, India, May 23- Brent crude futures shed a dollar on Thursday to trade below $102 a barrel in a broad-based commodities sell-off, as data cast doubt on recovery in key consumer China and on worries about an early scale-back in Federal Reserve stimulus.
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PERTH, May 23- U.S. crude futures prices dropped to around $94 a barrel on Thursday after data showing U.S. gasoline supplies rose and on concerns that the U.S. July oil futures contract fell 26 cents to $94.02 a barrel by 0035 GMT. *Brent also dropped 26 cents to $102.34 a barrel.
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NEW YORK, May 22- Oil prices fell on Wednesday as a rise in U.S. gasoline inventories prompted selling, then crude extended losses in late trading after minutes from a Federal Reserve policy meeting sent U.S. stock markets down. Brent crude futures fell $1.31 to settle at $102.60, after shedding nearly a dollar in the previous session.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders remain focused firmly on tomorrow's testimony from Fed Chairman Ben Bernanke. And expectations for this week's oil inventories.
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NEW YORK, May 21- Crude oil futures ended lower on Tuesday, falling early as the dollar strengthened, then paring losses as the greenback weakened after a Federal Reserve official said he did not believe the U.S. central bank should pull back on its quantitative easing program.
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NEW YORK/ LONDON, May 21- Brent crude oil futures fell below $104 per barrel on Tuesday in New York, as investors worried that the U.S. Operations were unaffected at the U.S. crude futures hub in Cushing, Oklahoma, about 77 miles northeast of Moore, after a vicious tornado ripped through the area.
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LONDON, May 21- Brent oil futures fell towards $104 per barrel on Tuesday on concerns that the U.S. Investors are focussing on the release of minutes of the Fed's last meeting and testimony by Fed Chairman Ben Bernanke to Congress, both scheduled for Wednesday.