Tuesday, June 30th27.3°C
26807
25998

Crude oil price little changed as traders await data on U.S. supplies

The price of oil was nearly unchanged Tuesday as traders waited for the latest data on U.S. supplies.

Benchmark West Texas Intermediate crude for June delivery rose two cents to close at US$99.50 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international varieties of oil, fell 66 cents to US$107.06 on the ICE Futures exchange in London.

Data for the week ended May 2 is expected to show an increase of 1.3 million barrels in U.S. crude oil stocks and a draw of 900,000 barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

The projected increase would bring U.S. oil supplies above 400 million barrels. Last week's data showed crude oil supplies at 399.36 million barrels, the highest on record.

In other energy futures trading on Nymex, wholesale gasoline dropped two cents to US$2.89 a U.S. gallon (3.79 litres), heating oil fell two cents to US$2.89 a gallon and natural gas rose 11 cents to US$4.80 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

26437


Recent Trending




Today's Market
S&P TSX14565.17+75.02
S&P CDNX670.70+3.61
DJIA17636.26+39.91
Nasdaq4991.09+32.63
S&P 5002065.06+7.42
CDN Dollar0.8008-0.0057
Gold1171.00-7.50
Oil60.04+1.08
Lumber288.70-3.50
Natural Gas2.823+0.018

 
Okanagan Companies
Pacific Safety0.16-0.01
Knighthawk0.010.00
QHR Technologies Inc1.52-0.01
Cantex0.04-0.01
Anavex Life Sciences0.45+0.03
Metalex Ventures0.075+0.010
Russel Metals22.67-0.01
Copper Mountain Mining1.17+0.00
Colorado Resources0.075-0.020
ReliaBrand Inc0.006-0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.185+0.015
Decisive Dividend Corporation2.50+0.42

 



26655

FEATURED Property
21602349810 Highway 97 N
2 bedrooms 1 baths
$229,900
more details
Click here to feature your property
Please wait... loading


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...


Renovation dreaming

Photo: Thinkstock.comDreaming of a new fire pit? A deep soaker tub?With summer on its way, lots of families have renovations on their minds. Did you know that home buyers can apply for a Purchase Plus...

_



26509




Member of BC Press Council


25831