Sentences with phrase «crude oil prices at»

Still, Mr. Fish said that there are concerns about the future of office and high - end multifamily properties in Houston with crude oil prices at such a low.

Production from shale has helped keep a lid on crude oil prices at about $ 120 a barrel, giving western countries leverage to impose sanctions on Iran, a key supplier.

For the forecast period, technical assumptions include A$ at US$ 0.89, TWI at 69, cash rate at 7.0 per cent, and WTI crude oil price at US$ 86 per barrel and Tapis crude oil price at US$ 90 per barrel.

Not exact matches

«The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline),» said Vyanne Lai, oil analyst at National Australia Bank.

For example, refining margins tend to expand when oil prices decline as the savings refiners reap from using cheaper crude to make gasoline and other products aren't immediately passed on to consumers at the pump.

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

The producers will review the deal at the next OPEC meeting in June to assess how it is impacting oil prices and global global crude stockpiles.

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Servioil, said Tom Kloza, global head of energy analysis at Oil Price Information ServiOil Price Information Service.

At the end of last year, the price of a litre of diesel was 59.64 rupees, meaning it has risen by 10.5 percent so far this year, not quite keeping pace with the rise in Brent crude oil.

First, I want to look at how the changes not just in oil prices, but also changes in diluent costs, discounts for oil sands crude relative to light crude and, in particular, the fall of the Canadian dollar have changed the outlook for new oil sands projects — for those under construction, and for those currently operating.

The oil market remains in what's known as contango — with the future price of crude trading at a higher level than today's spot price.

With approval of the Keystone Pipeline it could mean more Canadian crude oil is coming to the U.S. CNBC's Jackie DeAngelis is in Nebraska, at the pipeline pumping station with a look at its impact on oil prices and exports.

CNBC's Jackie DeAngelis is at the NYMEX reporting the latest in crude oil prices, and what can impact gas inventories.

Oil prices eased from recent highs with Brent crude futures off 94 cents at $ 73.70 a barrel, while U.S. crude lost 67 cents to $ 67.43.

Notley and Bilous have said the Trans Mountain expansion is critical because Alberta's crude oil sells at a sharp discount on the North American market due to pipeline bottlenecks and to a lack of access to a better price on overseas markets.

Oil prices were trading in the red in late European deals Friday, with Brent at $ 52.77 per barrel, while U.S. crude hovered at $ 47.10.

Crude oil futures are at just over $ 44 / barrel, after the International Energy Agency forecast prices would stay in the doldrums through 2020.

At the last check Friday, U.S. West Texas Intermediate crude oil prices were at $ 67.73 a barrel, while international benchmark Brent crude sat at $ 73.1At the last check Friday, U.S. West Texas Intermediate crude oil prices were at $ 67.73 a barrel, while international benchmark Brent crude sat at $ 73.1at $ 67.73 a barrel, while international benchmark Brent crude sat at $ 73.1at $ 73.15.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

Meanwhile, pipeline bottlenecks are keeping western Canadian crude trading at roughly half the world oil price.

For instance, they expect Brent crude to peak at $ 82.50 per barrel in July and copper to peak at $ 8,000 per ton in December, but they have forecast lower prices for both oil and copper in 2019.

Statistics Canada reported in The Daily in November that, «gasoline prices have increased at a slightly faster pace in the central and eastern provinces than in the west, resulting in a spread between some provincial gasoline indices... associated with the dual crude oil market in Canada and the recent price differential between crude oil benchmarks.»

Oil prices dropped more than 3 % but later recovered somewhat, with Brent crude futures 0.6 % lower at $ 125.2 while US crude was down 0.4 % at $ 113.46 a barrel.

Oil prices, which have recently received some support from reports about discussions of another possible extension of the OPEC production cut deal, remained stable following the release of the EIA report, with WTI trading at US$ 48.75 a barrel and Brent crude at US$ 54.62 a barrel.

First, BP's CFO Brian Gilvary warned on CNBC that the crude oil price, which is trading at...

Following the sharpest decline in crude oil prices in at least a century, as well as a six - year bear market in metals, the global environment could be ripe for a commodity rebound.

S&P Platts said at the start of this week that analysts it polled had forecast a 2.4 - million - barrel build in crude oil stockpiles, with the agency warning this would pressure prices, along with a surge in oil imports.

The price of Canada's oil sands crude, Western Canadian Select, trades at a discount to WTI.

Oil prices are soaring on the OPEC deal news, and as of 10:50 AM (EST), WTI Crude was surging 7.21 percent at US$ 48.49, and Brent Crude was soaring by 7.65 percent at US$ 50.94, staying above the US$ 50 mark for a couple of hours now.

With crude oil prices down sharply from last year and the oil glut at risk of increasing, private security consultant Charles Clifton's phone has been ringing.

Brent crude is getting closer to the all - important (at least psychologically) threshold of $ 60 per barrel, and oil prices are back in bull market territory.

Earlier this year, for instance, Western Canadian Select, the benchmark price for bitumen from the oil sands, traded at nearly half the price of Brent crude.

The example of crude oil alone shows how the U.S. makes money by buying a product from its NAFTA partners, processing it, and selling the finished product at a higher price.

Contango, a market situation in which the spot prices are lower than future prices, encourages traders to store crude oil and profit from selling it at prices higher than the spot market.

Currently, the Gulf region imports over 5.5 million barrels per day of crude oil and related products at world prices.

First, it's important to always note that all oil is not equal — if you're looking at a WTI - WCS differential and getting really upset about it, keep in mind that you're conflating heavy crude in Alberta with light crude in Oklahoma — there are pricing differences due to location and quality involved.

If you stop the story at the discount of bitumen relative to light oil, you'll miss the impact of WTI pricing, or mid-continent crude discounts in general.

Oil up a second session as potential for U.S. withdrawal from Iran nuclear pact grows Natural - gas prices settle at a 2 - week lowOil finishes higher Thursday, as traders worried that a potential U.S. withdrawal from the Iran nuclear agreement and the International Monetary Fund's threat to expel Venezuela from the international coalition of nations will lead to tighter global crude supplies.

Meanwhile, Canadian oil sits trapped in Alberta at a steep discount to global crude prices.

After dropping ConocoPhillips, Berkshire built up a large position in Exxon Mobil at a time when crude oil prices were near their highs in 2013.

Angola's crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $ 80 a barrel: BofAML While plunging output in Venezuela captures the oil world's attention, Continue Reading

This Day In Market History, March 26: OPEC Raises Crude Oil Prices By 9 % Each day, Benzinga takes a look back at a notable market - related moment that occurred on this Continue Reading

Meanwhile, London - traded Brent crude futures, the benchmark for oil prices outside the U.S., shed 10 cents to settle at $ 74.64 a barrel.

If the bullish price action we have been observing follows through, we could see a dominant trend reversal that could at least lead to a new intermediate - term uptrend in crude oil.

But with oil prices stabilizing (currently at about $ 68 per barrel of West Texas intermediate crude) and overall population growth still booming, multifamily investors are...

* Market expects U.S. to re-impose sanctions against Iran * Plunging Venezuelan output further tightens markets * But soaring U.S. crude production holds back marketBy Henning GloysteinSINGAPORE, April 26 (Reuters)- Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.UOil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.Uoil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.U.S.

As of 2:17 pm EDT on Thursday, WTI Crude was up 0.73 percent at US$ 49.43, while Brent Crude was trading up 0.82 percent at US$ 52.64, after earlier in the day the price of oil was down as investors» enthusiasm waned over yesterday's Energy Information Administration (EIA) draw.

Yesterday, oil prices were boosted by the EIA reporting a fresh draw in crude oil inventories for the week to May 12, at 1.8 million barrels.

Except for a 20 - day slump in March when North American crude was on the wrong side of US$ 50 for the first time since last year's OPEC supply cut decision, oil prices had seemingly stabilized at a new level.

But while the recent crude price movements have been extraordinary, I still believe that oil prices will, for the most part, remain range bound, with the global benchmark Brent trading between $ 50 and $ 65 and WTI trading at a modest discount.