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Oil falls below $94 a barrel amid high supplies
The price of oil slipped below $94 a barrel Thursday as traders digested discouraging economic data from the United States and Europe and U.S. oil supplies remained high. By early afternoon in Europe, benchmark oil for June delivery was down 37 cents to $93.93 a barrel in electronic trading on ...
Oil back above $94 a barrel after early loss
The price of oil rose back above $94 Wednesday after dropping earlier on disappointing economic reports from Europe and the U.S. Benchmark oil for June delivery was up 9 cents to finish at $94.30 a barrel on the New York Mercantile Exchange. It fell as low as $92.13 in the ...
US factory output falls 0.4 percent in April
U.S. manufacturers cut back on production in April, as auto companies cranked out fewer cars, factories made fewer consumer goods and most other industries reduced output. The weakness suggests economic growth may be slowing. The Federal Reserve said Wednesday that factory output dropped 0.4 percent in April, the third decline ...
Oil falls below $93 on Europe, US economic news
The price of oil fell below $93 on Wednesday after disappointing economic reports from Europe and the U.S. By late morning in New York, benchmark oil for June delivery was down $1.78 to $92.41 a barrel. That marks five straight days of declines after oil rose above $96 last week. ...
Oil falls below $93 on Europe, US economic news
The price of oil fell below $93 on Wednesday after disappointing economic reports from Europe and the U.S. By late morning in New York, benchmark oil for June delivery was down $1.82 to $92.39 a barrel. That marks five straight days of declines after oil rose above $96 last week. ...
Business Highlights
___ US boom transforming global oil trade NEW YORK (AP) — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle Eastern ...
Oil slides as IEA sees US output rising
The price of oil slid by nearly $1 a barrel Tuesday as the International Energy Agency raised its forecast for U.S. oil production while cutting its prediction for global crude demand. Benchmark oil for June delivery dropped 96 cents to close at $94.21 a barrel on the New York Mercantile ...
Oil slides below $95 as US oil output seen rising
The price of oil slid below $95 a barrel on Tuesday as the International Energy Agency raised its U.S. oil production forecasts and cut its prediction for global crude demand. By early afternoon in Europe, benchmark oil for June delivery was down 44 cents to $94.73 a barrel in electronic ...
Nissan chief welcomes yen fall for luxury brand
Nissan Motor Co. President Carlos Ghosn welcomed the yen's recent decline to what he called "neutral" levels for the Japanese automaker's profitability, but said Tuesday it must drop further to be "normal." "The abnormal situation of the yen is hopefully something of the past," he told reporters at the roll-off ...
Oil slides below $95 as US oil output seen rising
The price of oil slid below $95 a barrel on Tuesday as the International Energy Agency raised its U.S. oil production forecasts and cut its prediction for global crude demand. By early afternoon in Europe, benchmark oil for June delivery was down 44 cents to $94.73 a barrel in electronic ...
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