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Oil prices ease after sharp gains
2014-01-16 11:20:45| Energy - Topix.net
Oil prices eased Thursday but remained above $94 a barrel after sharp gains a day earlier on improved demand in the U.S. Benchmark U.S. crude oil for February delivery was down 8 cents at $94.09 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange.
Today's oil prices fall following rise in Libyan supply
2014-01-15 01:00:00| Offshore Technology
Oil prices fell today with incremental increases in Libyan oil supply and expectations that Iranian crude will add to global supply and depress prices.
Where Analysts Think Oil Prices Are Headed this Year
2014-01-14 01:47:38| AutomotiveDigest.com - Automotive Industry News
Its getting trickier to predict the price per barrel of oil and its direct correlation to gasoline and diesel prices much more so than in the 1970s when OPEC could instantly throw a wrench in the gears. As for this year, three leading energy agencies have reported that production outside of OPEC should be increasing this year with much of that coming from US shale fields. Black Books Ricky Beggs expects the pattern to be similar to the past two years for gas prices and its effect on small cars, hybrids, and electric vehicles. New and used truck sales should continue to be strong this year, but they are affected by federal fuel economy standards. Automakers are rolling out more fuel efficient trucks such as the new Ford F150 with a lot more lightweight aluminum. Find out more about what these trends could mean for new and used vehicle prices this year. The Article Where Analysts Think Oil Prices Are Headed this Year appeared first on Automotive Digest.
Today's oil prices slip fresh Iran nuclear deal
2014-01-13 01:00:00| Offshore Technology
Oil prices slipped today after Iran and six major powers signed a fresh six-month deal to delay Tehran's nuclear ambitions, which is set to come into force on 20 January, creating a weaker reaction for oil due to oversupply concerns.
Today's oil prices increase after rise in China crude imports
2014-01-10 01:00:00| Offshore Technology
Oil prices increased today after China's crude oil imports rose 13% in December, creating demand for the oil in near future.
Tags: china
increase
prices
oil
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