Tuesday, September 1st15.5°C
27215
26753

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

27460


Recent Trending




Today's Market
S&P TSX13859.12-5.95
S&P CDNX559.48+3.49
DJIA16528.03-114.98
Nasdaq4776.51-51.82
S&P 5001972.18-16.69
CDN Dollar0.7596-0.0017
Gold1141.30+9.70
Oil47.66-1.54
Lumber233.00-1.20
Natural Gas2.689+0.001

 
Okanagan Companies
Pacific Safety0.185+0.020
Knighthawk0.010.00
QHR Technologies Inc1.23-0.06
Cantex0.04-0.01
Anavex Life Sciences1.35+0.01
Metalex Ventures0.05-0.00
Russel Metals22.11+0.70
Copper Mountain Mining0.63-0.01
Colorado Resources0.075-0.005
ReliaBrand Inc0.0045+0.0005
Sunrise Resources Ltd0.02-0.01
Mission Ready Services0.085+0.015
Decisive Dividend Corp2.75+0.14

 



27504

FEATURED Property
22821144910 Rittich Road
10098353 bedrooms
$1,270,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_








Member of BC Press Council


27373