Sentences with phrase «crude oil prices hit»

In early February, crude oil prices hit a 52 - week low around $ 44 per barrel, capping off a staggering decline from a 52 - week high of about $ 100 in mid-2014.

Crude oil prices hit new lows earlier on Friday, as everything continues to indicate that oil producers are pumping relentlessly.

Not exact matches

While summer is meant to be the season where oil prices hit their annual highs, the price of crude oil has plunged recently.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

Malaysia's shares and currency have been hit with a toxic brew of declines in the prices of its commodity exports, especially palm oil and crude oil, as well as what may be the country's worst - ever political scandal, which has spurred protests calling for the removal of the prime minister from power.

«With so much supply landlocked, Canadian oil prices are taking a serious hit,» Casey Research energy analyst Marin Katusa wrote in a late June investment note that estimated that Western Canadian Select, a heavy crude, was trading for a whopping US$ 23 less than WTI; a gap 30 % larger than the average differential between 2006 and 2010.

Morgan Stanley also noted that oil and gas exports account for nearly 16 percent of Malaysia's gross domestic product (GDP), and the sector has been hard hit by crude prices falling below $ 50 a barrel again.

Brent crude, the international benchmark for oil prices, rose to $ 70.37 on Monday, while U.S. West Texas Intermediate crude reached $ 64.89 on Tuesday, both hitting more than three - year highs.

HOUSTON, Jan 26 - Oil prices settled higher on Friday after hitting three - year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices.

The benchmark price of U.S. crude oil last week hit US$ 68.64 per barrel, the highest since December 2014.

The oil industry might have taken a hit from falling crude prices, but the Texas economy has proven resilient.

NEW YORK (Reuters)- Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

NEW YORK Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

Crude oil might have hit the gas pedal, but equity investors have been left on the sidelines as energy stocks continue to struggle even as the price of crude ralCrude oil might have hit the gas pedal, but equity investors have been left on the sidelines as energy stocks continue to struggle even as the price of crude ralcrude rallies.

With the collapse in crude prices, lower oil revenues are hitting Alaska hard.

In a world of falling prices, however, it will be high cost production from shale formations and the oil sands, not the low cost conventional crude from places such as Saudi Arabia and Iran that will be hit the hardest.

Crude oil futures in the June contract settled last Friday in New York at 67.33 a barrel while currently trading at 68.35 up about a $ 1 for the trading week hitting a 3 1/2 year high & in yesterdays trade prices went up as high as 69.55 before profit - taking ensued.

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.

Therefore, when the only source of income suffered a terrible hit as the price of crude oil, from $ 100 plummeted averagely to $ 38 per barrel, a negative implication was unavoidable.

Crude oil and retail gas hit record high prices last week — more than $ 135 a barrel and $ 3.83 for an average gallon of regular.

Hopefully we'll hit the crude oil price bottom soon...

The benchmark price of U.S. crude oil last week hit US$ 68.64 per barrel, the highest since December 2014.

Crude oil prices have fallen even further on world markets, with the price of a barrel of crude hitting its lowest point in six years on TueCrude oil prices have fallen even further on world markets, with the price of a barrel of crude hitting its lowest point in six years on Tuecrude hitting its lowest point in six years on Tuesday.

The report came as oil prices slid to new multi-year lows, with Brent crude hitting a 5 - 1/2 - year low of $ 63.33 a barrel on Friday.

Bakersfield has been one of the hardest - hit regions in the state, as crude oil prices dipped two years ago, leading to layoffs at energy companies and throughout the region.