Tuesday, September 2nd15.9°C
22817
22642

Price of crude oil rises and stays above US$104 a barrel amid Ukraine jitters

The price of oil edged higher Monday and stayed above US$104 per barrel as investors watched the simmering tensions in Ukraine.

West Texas Intermediate crude for May delivery rose seven cents to US$104.37 a barrel on the New York Mercantile Exchange after a three-day holiday weekend.

Markets were on edge at the possibility of European or U.S. sanctions that might disrupt Russian oil exports. Tensions got worse after an Easter morning shooting at a checkpoint manned by pro-Russian insurgents.

Upward pressure on oil prices was offset last week by a U.S. Energy Department report that showed an increase of 10 million barrels of crude oil supplies, the largest in 13 years.

Brent crude, an international benchmark, rose 42 cents to US$109.95 a barrel in London.

In other energy futures trading in Nymex, wholesale gasoline rose three cents to US$3.087 a U.S. gallon (3.79 litres), heating oil was flat at US$3.01 a gallon and natural gas fell four cents to US$4.697 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), (TSX:CVE)

The Canadian Press


Read more Business News

20759


Recent Trending




Today's Market
S&P TSX15593.00-32.73
S&P CDNX1014.00-9.99
DJIA17029.64-68.81
Nasdaq4580.026-0.246
S&P 5001996.38-6.99
CDN Dollar0.9154-0.004
Gold1287.40-3.30
Oil95.96+1.29
Lumber349.80+1.40
Natural Gas4.116+0.014

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.250.00
Metalex Ventures0.07-0.005
Russel Metals36.42-0.06
Copper Mountain Mining2.91-0.02
Colorado Resources0.17-0.01
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.225-0.02

 



21313

FEATURED Property
1995790#130 9510 Hwy 97
2 bedrooms 2 baths
$284,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...

_



22692

22692


Member of BC Press Council


22810