Crude oil prices dropped under $91 per barrel Thursday morning in a market made jittery by the death of Venezuelan leader Hugo Chavez. Venezuela has the largest accessible oil reserves in the world. A transition of power in the South American country puts oil traders on alert. Wednesday, the U.S. Energy Information Administration said domestic crude oil inventories rose by 3.8 million barrels to 381.4 million barrels in the week ending Friday. On the New York Mercantile Exchange, West Texas Intermediate crude oil pushed above $91 overnight, but then throttled back. In early trading, April delivery crude oil remained 37 cents higher than Wednesday's close at $90.87 per barrel. Gasoline shed 1.66 cents to $3.1169 a gallon. Home heating oil added 0.08 cents to reach $2.9708 a gallon. Natural gas dropped 1.5 cents to hit $3.469 per million British thermal units. At the pump, the national average price for a gallon of regular unleaded gasoline dropped from Wednesday's $3.727 per gallon to $3.719, the AAA Daily Fuel Gauge Report said.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor