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WTI Crude Heads for Third Weekly Gain as U.S. Economy Expands
(Bloomberg - 31/01/2014)

West Texas Intermediate crude traded near the highest price this year, heading for a third weekly gain, as increased spending by U.S. consumers boosted the economy of the world’s biggest oil user. Futures were little changed in New York after climbing

WTI Pares Monthly Loss as Distillate Demand Climbs on U.S. Cold
(Bloomberg - 30/01/2014)

West Texas Intermediate rose, trimming the biggest monthly decline for January since 2010, as demand for distillate fuel countered a second weekly increase in U.S. crude stockpiles. Futures advanced as much as 0.3 percent in New York after slipping 5

Crude oil prices down in Asian trade
(The Hindu Business Line - 29/01/2014)

Crude oil prices eased in Asian trade today on expectations of an increase in US inventories and as traders await a Federal Reserve decision on the future of stimulus programme. New York’s main contract, West Texas Intermediate (WTI) crude for March

WTI Crude Retreats From Four-Week High as U.S. Stockpiles Gain
(Bloomberg - 29/01/2014)

West Texas Intermediate retreated from the highest price in four weeks after an industry report showed crude stockpiles increased in the U.S., the world’s biggest oil consumer. Futures slipped as much as 0.4 percent in New York after yesterday’s 1.8

ONGC to pay Rs 13,764 cr as fuel subsidy in Q3
(The Hindu Business Line - 28/01/2014)

The Government has ordered Oil and Natural Gas Corp (ONGC) to pay a near-record Rs 13,764 crore as fuel subsidy for the December quarter, a move that will dent the firm’s profitability. Oil and gas producers ONGC and Oil India Ltd bear a portion of the

WTI Trades Near One-Week Low as Crude Stockpiles Seen Rising
(Bloomberg - 28/01/2014)

West Texas Intermediate traded near the lowest price in a week amid speculation a government report will show crude stockpiles increased in the U.S., the world’s biggest oil consumer. Futures were little changed in New York after declining for a second

Crude oil prices mixed in Asian trade
(The Hindu Business Line - 27/01/2014)

Oil prices were mixed in Asian trade today as dealers focused on the US Federal Reserve’s policy meeting this week in anticipation of further stimulus pullback. New York’s main contract, West Texas Intermediate (WTI) crude for March delivery, was up

WTI Holds Biggest Weekly Gain of 2014 as U.S. Cold Boosts Demand
(Bloomberg - 27/01/2014)

West Texas Intermediate sustained its biggest weekly gain of the year as freezing temperatures in the U.S. boosted demand for heating oil. Crude futures were little changed after climbing 2.4 percent last week. Heating oil surged to the highest price in

Crude Hovers Near 3-week High
(RTT News - 26/01/2014)

The price of crude oil was steady near its three-week high Friday morning after official inventories data revealed robust demand for distillates. Light Sweet Crude Oil (WTI) futures for March delivery, the most actively traded contact, eased $0.22 to

Crude Oil Ends Below $97 A Barrel
(RTT News - 25/01/2014)

U.S. crude oil ended lower on Friday, as investors mulled over the Energy Information Administration's weekly report that showed a better than expected rise in crude and gasoline stockpiles in the U.S. The dollar also strengthened against a basket of

WTI-Brent Spread Near Narrowest in Two Months on Keystone
(Bloomberg - 24/01/2014)

West Texas Intermediate narrowed its discount to Brent to the least in more than two months following the start of a pipeline carrying crude out of the U.S. storage center in Cushing, Oklahoma. The spread between WTI and Brent on the ICE Futures Europe

WTI Crude Falls Amid Speculation China’s Fuel Demand Will Slow
(Bloomberg - 23/01/2014)

West Texas Intermediate crude fell for the first time in four days amid speculation China’s fuel demand will slow after a manufacturing index unexpectedly contracted in the world’s second-biggest oil consumer. Futures dropped as much as 0.3 percent in

WTI Oil Rises Amid Speculation U.S. Distillate Stockpiles Shrank
(Bloomberg - 22/01/2014)

West Texas Intermediate crude rose for a third day amid speculation that government data will show distillate-fuel inventories declined for a second week in the U.S., the world’s biggest oil consumer. Futures advanced as much as 0.6 percent in New York.

WTI Oil Drops on Concern Slowing China Economy Will Curb Demand
(Bloomberg - 21/01/2014)

West Texas Intermediate crude fell amid speculation a slowing economy in China will reduce fuel demand in the country, the world’s second-biggest oil consumer. Futures dropped as much as 1 percent in New York after settling at a two-week high on Jan. 17.

WTI Oil Falls From Two-Week High as China Factory Output Slows
(Bloomberg - 20/01/2014)

West Texas Intermediate crude slid from the highest closing price in two weeks after government data showed that industrial output slowed last month in China, the world’s second-biggest oil consumer. Futures lost as much as 0.8 percent in New York.

OPEC basket price down 42 cents to USD 104.05 pb
(KUNA - 19/01/2014)

OPEC daily basket price slipped 42 cents and stood at USD 104.05 a barrel last Monday compared to USD 104.47 the day before, a report by the organization said on Monday. The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan

Crude Oil Settles Higher, Gains 1.8% For Week
(RTT News - 19/01/2014)

U.S. crude oil settled higher on Friday, driven mostly by the more-than-expected slump in U.S. stockpiles earlier this week and on some mixed economic data from the U.S. with industrial production increasing in line with estimates. Nonetheless, gains

Oil Futures Rise as Traders Bet on Higher Demand
(WSJ - 18/01/2014)

U.S. oil futures rose to a two-week high Friday on expectations of increasing demand for crude and petroleum products, while many traders were reluctant to bet on price declines going into the long weekend. Light, sweet crude for February delivery rose

WTI Crude Advances to Two-Week High on U.S. Economy
(Bloomberg - 18/01/2014)

West Texas Intermediate crude rose to a two-week high on signs that economic growth is accelerating in the U.S., the world’s biggest oil-consuming nation. Futures gained 0.4 percent. The pace of U.S. home construction dropped less than forecast in

Oil giant Shell issues shock profit warning
(Arab News - 18/01/2014)

Royal Dutch Shell has issued a “significant” profit warning, detailing across-the-board problems and the extent of the challenges facing the oil major’s new boss Ben van Beurden, who took over two weeks ago. The warning comes nearly 10 years to the day

OPEC View of Supply Glut Hits Brent-WTI Price Difference Narrows
(WSJ - 17/01/2014)

The price difference between Brent crude and its U.S. counterpart has narrowed to the closest point since the end of December, as the North Sea benchmark continues to struggle to make gains this year. Brent crude was up 30 cents, or 0.3%, on the first

OPEC's Per Day Oil Production Unexpectedly Declines By 20,000 Barrels
(GCI Financial - 17/01/2014)

Crude Oil prices declined 0.26% against the USD for the 24 hour period ending 23:00GMT, closing at 94.12, after the Organization of Petroleum Exporting Countries (OPEC), in its monthly report, projected the demand for OPEC oil to decline by 300,000

WTI Oil Set for First Weekly Gain Since December on U.S. Economy
(Bloomberg - 17/01/2014)

West Texas Intermediate crude headed for the first weekly gain since December amid speculation that U.S. unemployment and manufacturing data signaled the world’s biggest oil consumer will sustain its economic growth. Futures were little changed in New

Oil falls below $107 as supply outlook improves
(Reuters - 16/01/2014)

Brent crude oil fell below $107 a barrel on Thursday as expectations of more supply from the Middle East and North Africa outweighed news of a large drop in U.S. crude stockpiles. Huge volumes of crude from Iran and Libya have been blocked by political

OPEC crude basket closes at same level
(DaijiWorld - 16/01/2014)

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $103.99 a barrel Tuesday, the same as Monday, according to the OPEC Secretariat. The new OPEC reference basket comprises Saharan Blend (Algeria), Girassol

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