Results for Tag: Barrel
Oil price breaches 71 dollars per barrel
New York oil prices breached 71 dollars on Wednesday, ahead of the latest update on US energy stockpiles, as traders monitored political tensions in major crude producer Iran. New York's main futures contract, light sweet crude for
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New York oil price slumps below 34 dollars a barrel
The price of New York oil sank under 34 dollars per barrel on Friday for the first time for more than four and a half years, as weak global demand overshadowed a record OPEC output cut, traders said. New York's light sweet crude for
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New York oil price falls below 39 dollars a barrel
The price of New York crude oil sank under 39 dollars per barrel on Thursday, hitting the lowest point for four and a half years as traders fretted over weak global demand despite an OPEC output cut. On the New York Mercantile Exchange
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