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Oil fell below $102 a barrel on Thursday after a decline in China's factory activity entrenched concern about weak demand and on worries about the Federal Reserve's stimulus.
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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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Oil fell below $102 a barrel on Thursday after a decline in China's factory activity entrenched concern about weak demand and on worries about the Federal Reserve's 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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Gov. Tom Corbett (R-PA) and Austan Goolsbee, Chicago Booth School of Business, discuss the energy boom and the economic recovery in the U.S.
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You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
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Mad Money's Jim Cramer speaks with Clean Harbors CEO Alan McKim about its acquisition of Safety-Kleen, the oil and gas industry and the incineration business.
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CNBC's Amanda Drury and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Thursday.
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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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Chinese investment in the U.S. is extremely controversial, with CNBC's Michelle Caruso-Cabrera; and Gordon Chang, author of "The Coming Collapse of China," says the U.S. needs to be careful because the Chinese want to control Hollywood.
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NEW YORK, May 22- Brent crude extended losses in late trading on Wednesday to settle below $103 a barrel, after minutes from the Federal Reserve sent U.S. stock markets down and compounded earlier oil weakness stemming from a rise in U.S. gasoline inventories.
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NEW YORK, May 22- Brent crude oil dropped to $103 per barrel on Wednesday after data showing an unexpected jump in U.S. gasoline stockpiles sparked worries that summer demand in the world's top oil consumer might be weaker than expected.
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NEW YORK-- The nation's crude oil supplies shrank last week, the government said Wednesday. Crude supplies declined by 300,000 barrels, or 0.1 percent, to 394.6 million barrels, which is 3.1 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
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LONDON, May 22- Brent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in U.S. gasoline stockpiles sparked worries that summer demand in the world's top oil consumer could be weaker than expected.
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Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
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LONDON, May 22- Brent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in U.S. gasoline stockpiles sparked worries that summer demand in the world's top oil consumer could be weaker than expected.
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Shale gas development in the U.K. could create 74,000 jobs and halve the country's future dependency on gas imports, according to a new report by the Institute of Directors.
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CHENNAI, India, May 22- Brent futures dropped further below $104 per barrel on Wednesday, as data showing a surprise jump in U.S. gasoline stockpiles and worries that peak summer demand in the world's top oil consumer may falter dragged down prices.
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CHENNAI, India, May 22- Brent futures pulled further below $104 per barrel on Wednesday on concerns that peak summer demand in the world's top oil consumer may falter after data showing a stronger-than-expected rise in U.S. oil stockpiles.
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Crude dropped on Wednesday, after data showing a surprise jump in U.S. gasoline stockpiles sparked worries that summer demand could be weaker than expected.