Sunday, April 20th5.4°C
21450

Crude oil slips below US$99 a barrel after rising almost 3% last week

NEW YORK, N.Y. - The price of oil slipped a bit Monday after gaining more than $2 last week.

Benchmark West Texas Intermediate crude for February delivery dropped 41 cents to close at US$98.91 a barrel on the New York Mercantile Exchange. Trading was thinner than usual because of the approaching holidays.

Last week, oil rose nearly three per cent, largely because of signs of improvement in the U.S. economy.

Positive economic news and a corresponding increase in demand have some analysts predicting that oil will soon top $100 a barrel for the first time since Mid-October.

Brent crude, a benchmark used to price international crudes used by many U.S. refiners, fell 21 cents to US$111.56.

In other energy futures trading, wholesale gasoline was flat at US$2.78 a U.S. gallon (3.79) litres, heating oil lost two cents to US$3.06 a gallon and natural gas added five cents to US$4.46 per thousand cubic feet.

(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS), (TSX:CVE)

The Canadian Press


Read more Business News

20304


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.90720.00
Gold1293.80-9.2999
Oil104.59+0.83
Lumber326.10-2.70
Natural Gas4.735+0.205

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 



20820

FEATURED Property
18568933035 Rosedale Avenue
3 bedrooms 1 baths
$149,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...

_



21637

21637


Member of BC Press Council


21188