Sunday, March 29th13.8°C
25657
25546

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

24393


Recent Trending




Today's Market
S&P TSX14812.42-57.38
S&P CDNX681.43+1.87
DJIA17712.66+34.43
Nasdaq4891.22+27.86
S&P 5002061.02+4.87
CDN Dollar0.7927-0.0003
Gold1196.30-8.80
Oil48.87-3.00
Lumber282.60-3.60
Natural Gas2.62-0.05

 
Okanagan Companies
Pacific Safety0.125-0.005
Knighthawk0.010.00
QHR Technologies Inc1.50+0.00
Cantex0.03-0.01
Anavex Life Sciences0.219+0.009
Metalex Ventures0.04-0.01
Russel Metals24.50-0.18
Copper Mountain Mining1.13+0.00
Colorado Resources0.125+0.010
ReliaBrand Inc0.006-0.001
Sunrise Resources Ltd0.045+0.000
Mission Ready Services0.255+0.020
Decisive Dividend Corporation1.80+0.02

 



25538

FEATURED Property
1889545Rare Find~ 1 Okanagan lakefront lot left.
$99,999
more details
image2image2image2
Click here to feature your property
Please wait... loading


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...


Stay out of sales limbo!

Have you ever had a series of good meetings with a prospect … gathered all kinds of information … and given what you thought was a great presentation … only to receive a response ...

_





25482


Member of BC Press Council


25534