December 31, 2009
Oil prices settled above 79 U.S. dollars a barrel on Wednesday as another weekly decline in crude and distillate supplies offset a strengthening dollar. U.S. Energy Department Energy Information Administration reported on Wednesday that during the week ended on December 25, crude inventories dropped 1.54 million barrels to 326 million barrels, slightly less than analysts [...]
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December 25, 2009
Oil prices jumped more than 3 percent to above 76 U.S. dollars a barrel on Wednesday as a larger-than-expected slide in fuel stockpiles and a weakening dollar boosted energy market. Crude futures in New York opened above 74 dollars on Wednesday boiled by a report from American Petroleum Institute (API). Late Tuesday, the industry group [...]
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