Tuesday, September 30th13.2°C
23366

Oil above US$101 a barrel as markets eye US-Russia talks, Chinese manufacturing

The price of oil was little changed Monday as markets kept on eye on talks between the U.S. and Russia over the crisis in Ukraine.

Benchmark U.S. crude for May delivery fell nine cents to US$101.58 a barrel on the New York Mercantile Exchange.

Brent crude, a benchmark for international varieties of oil, was down 31 cents to $107.76 a barrel on the ICE exchange in London.

U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov met Sunday in Paris. On Monday Russia said it was pulling a battalion of several hundred troops away from the Ukrainian border but kept tens of thousands in place, in what the U.S. warned was still a "tremendous buildup."

Markets were looking ahead to a report on China's manufacturing sector.

China is set to release official manufacturing figures for March on Tuesday that could cement expectations for new stimulus in the world's second-biggest economy. Recent data has suggested China's economy is continuing to slow — growth of 7.7 per cent last year was the slowest in two decades.

In other energy futures trading on Nymex:

— Wholesale gasoline fell three cents to $2.91 a gallon.

— Heating oil shed three cents to $2.93 a gallon.

— Natural gas lost 11 cents to $4.37 per 1,000 cubic feet.

———

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

The Canadian Press


Read more Business News

23500


Recent Trending




Today's Market
S&P TSX14989.72+12.80
S&P CDNX906.80-5.96
DJIA17078.797.57
Nasdaq4500.311-5.542
S&P 5001975.98-1.82
CDN Dollar0.8929-0.0029
Gold1208.90-9.90
Oil89.81-2.97
Lumber333.70+4.80
Natural Gas4.126-0.028

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.25+0.02
Cantex0.07-0.02
Anavex Life Sciences0.1825-0.0025
Metalex Ventures0.0550.00
Russel Metals34.68+0.19
Copper Mountain Mining2.43-0.09
Colorado Resources0.165+0.015
ReliaBrand Inc0.0157-0.0043
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.32-0.02

 



23557

FEATURED Property
2023895Immaculate Home in popular Rose Valley new Mar Jok and Rose Valley schools!
$419,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


22771