Sentences with phrase «sending crude prices»

A second oil crisis followed in 1979 in the wake of the Iranian Revolution, sending crude prices higher and hurting consumer spending.

Adding to the turmoil, the OPEC oil embargo in 1973 sent crude prices higher, further hurting U.S. consumers who also battled with the devaluation of the U.S. dollar.

He did not envisage problems with global oil supplies due to the Libyan conflict and unrest in other Arab states, which have sent crude prices to two - year highs near $ 120 per barrel.

Not exact matches

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

What: Just when investors thought it was safe to go back into the waters of the oil market, building inventories of refined product and crude sent oil prices plunging today and taking exploration and production stocks with them.

Teekay Tankers was primarily negatively affected by the severe drop in crude oil prices sending tanker rates to the lowest levels in more than three years, as well as some temporary oil production outages in markets the company's tankers serve.

Rising US crude oil inventories sent prices tumbling this week.

... Expectations of growing U.S. crude supplies sent world oil prices sliding to a new four - year low and is turning up the heat on OPEC members to cut production when they meet later this month.