Houston Chronicle logo Houston Chronicle 21 months ago

Oil prices steady at mid-$104, near Wednesday's record

SINGAPORE — Oil prices steadied today after rising to a trading record near $105 a barrel after a surprising drop in U.S. crude oil supplies. Full Article at Houston Chronicle

Related Topics:

  1. OPEC
  2. George W. Bush
  3. Chakib Khelil

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    Oil approaches $106 US a barrel
    21 months ago

    The U.S. dollar fell to another record low against the euro Thursday, persuading many investors to switch into commodities such as oil. Full Article at CBC News

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    Oil hits record near $106 on dollar, Opec, supply
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    Oil steadied after hitting a new high near $106 on Thursday as a weak dollar helped prices to extend the previous day's gains prompted by a drop in US oil inventories and Opec's decision to keep output unchanged. Full Article at TradeArabia

  3. CBS 5 logo
    Oil Prices Hit New Record High
    21 months ago

    (CBS) Oil prices hit a record $105.10 a barrel Thursday, a day after a surprise drop in U.S. crude supplies and a decision by OPEC not to boost production. Prices gave up some ground by midday trading in Europe. Full Article at CBS 5

  4. Channel News Asia logo
    Oil price hit record high near US$106 amid New York explosion
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    LONDON : Oil prices soared to a record high close to US$106 a barrel on Thursday as traders were spooked by a small explosion in New York, a surprise fall in US crude stockpiles and the weak US currency. Full Article at Channel News Asia

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Related Quotes

  1. Five dollars is an incredible gain ... The overall oil market fundamentals are supportive of strong oil prices but not at this level, above $100. I would expect some profit taking to put a temporary halt to this rather large surge in pricing.
    SOURCE: Houston Chronicle 21 months ago
  2. The traders focus on the crude oil drawdown but they did not pay as much attention to the continuing build in gasoline inventories ... Gasoline inventories are way above the five year historical average. It's an indication of a demand slowdown in the U.S.
    SOURCE: Houston Chronicle 21 months ago
  3. The primary factor causing the surge in oil prices is the surprising drawdown in crude inventories, which caused traders to really react quite dramatically
    SOURCE: Houston Chronicle 21 months ago
  4. I think the biggest problem is pure fear. Right now there is no supply problem
    SOURCE: Miami Herald 21 months ago
View all Related Quotes »
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Cast of Characters

  1. OPEC OPEC
  2. George W. Bush George W. Bush
  3. Chakib Khelil Chakib Khelil
  4. Citigroup Citigroup
  5. U.S. Energy Corp.