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LONDON (AFP) - World oil prices fell yesterday as traders reacted to a shock increase in crude reserves in the United States, which is the world's biggest energy consumer. 



Prices also pushed lower as Hurricane Dean spared major US energy production facilities in the Gulf of Mexico. 



New York's main futures contract, light sweet crude for delivery in October, sank 66 cents to 68.91 dollars per barrel after falling as low as 68.63 dollars -- which was last seen on June 27. 


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                    [Title] => Oil prices rebound in Asian trade as Dean spares US energy facilities
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SINGAPORE (AFP) - Crude oil prices were firmer in Asian trade Wednesday on bargain hunting after overnight falls on easing concerns as vital US energy facilities were spared from Hurricane Dean's fury, dealers said.
At 11:00 am (0300 GMT), New York's main contract, light sweet crude for October delivery rose 29 cents to 69.86 US dollars from 69.57 in late US trades Tuesday.
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                    [Title] => Oil prices mixed in Asian trade on US subprime credit woes
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SINGAPORE (AFP) - Oil prices were mixed in Asian trade Friday, with the market taking a hit from the escalating contagion sparked by troubles in the US subprime credit sector, dealers said. 



There are concerns that the financial impact of US lending to borrowers with poor credit records would lead to slower economic growth in the United States and elsewhere which would dampen demand for oil, they said. 


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                    [Title] => Oil prices edge lower in Asian trade
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SINGAPORE (AFP) - Oil prices edged lower in Asian trade Monday as Nigeria's oil unions suspended a two-day-old strike Saturday, relieving concerns of possible disruptions to shipments, dealers said. 



The market remains focussed on tight gasoline (petrol) supplies as the peak-demand US summer driving season got underway Saturday, they added 



At 10:40 am (0240 GMT), New York's main oil futures contract, light sweet crude for delivery in July, was down 30 cents at 64.90 dollars per barrel from 65.20 dollars in US trades Friday. 


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PURVIN AND GERTZ

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Prices also pushed lower as Hurricane Dean spared major US energy production facilities in the Gulf of Mexico. 



New York's main futures contract, light sweet crude for delivery in October, sank 66 cents to 68.91 dollars per barrel after falling as low as 68.63 dollars -- which was last seen on June 27. 


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SINGAPORE (AFP) - Oil prices were mixed in Asian trade Friday, with the market taking a hit from the escalating contagion sparked by troubles in the US subprime credit sector, dealers said. 



There are concerns that the financial impact of US lending to borrowers with poor credit records would lead to slower economic growth in the United States and elsewhere which would dampen demand for oil, they said. 


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SINGAPORE (AFP) - Oil prices edged lower in Asian trade Monday as Nigeria's oil unions suspended a two-day-old strike Saturday, relieving concerns of possible disruptions to shipments, dealers said. 



The market remains focussed on tight gasoline (petrol) supplies as the peak-demand US summer driving season got underway Saturday, they added 



At 10:40 am (0240 GMT), New York's main oil futures contract, light sweet crude for delivery in July, was down 30 cents at 64.90 dollars per barrel from 65.20 dollars in US trades Friday. 


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abtest

Oil prices fall on surprise jump in US crude reserves

August 23, 2007 - 1:46am

LONDON (AFP) - World oil prices fell yesterday as traders reacted to a shock increase in crude reserves in the United States, which is the world's biggest energy consumer. Prices also pushed lower as Hurricane...

Nation

Oil prices rebound in Asian trade as Dean spares US energy facilities

August 22, 2007 - 11:31am

SINGAPORE (AFP) - Crude oil prices were firmer in Asian trade Wednesday on bargain hunting after overnight falls on easing concerns as vital US energy facilities were spared from Hurricane Dean's fury, dealers said. At...

Nation

Oil prices mixed in Asian trade on US subprime credit woes

August 10, 2007 - 11:57am

SINGAPORE (AFP) - Oil prices were mixed in Asian trade Friday, with the market taking a hit from the escalating contagion sparked by troubles in the US subprime credit sector, dealers said. There are concerns...

Nation

Oil prices slip on profit-taking in Asian trade

August 6, 2007 - 10:12am

Nation

Oil prices ease below 77 dollars on profit-taking

July 30, 2007 - 11:19am

Nation

Oil prices narrowly mixed in Asian trade

July 13, 2007 - 11:47am

Nation

Oil prices lower after key US gasoline pipeline reopens

June 4, 2007 - 10:41am

Nation

Oil prices rise after surprise decline in US crude stocks

June 1, 2007 - 11:18am

Nation

Oil prices edge lower in Asian trade

May 28, 2007 - 11:29am

SINGAPORE (AFP) - Oil prices edged lower in Asian trade Monday as Nigeria's oil unions suspended a two-day-old strike Saturday, relieving concerns of possible disruptions to shipments, dealers said. The market...

Nation

Fiscal, justice officers file cases vs. CITOM’s rules

May 17, 2007 - 12:00am

Nation