Thursday, October 30th8.3°C
23696
23778

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




Recent Trending




Today's Market
S&P TSX14536.83+9.26
S&P CDNX769.67-11.40
DJIA17217.20242.89
Nasdaq4573.82+24.594
S&P 5001998.66+16.36
CDN Dollar0.8939-0.0002
Gold1199.70-25.2001
Oil81.12-0.84
Lumber323.90+2.30
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.115+0.015
Knighthawk0.01-0.005
QHR Technologies Inc1.12-0.03
Cantex0.045-0.015
Anavex Life Sciences0.172-0.008
Metalex Ventures0.03-0.005
Russel Metals32.32-0.25
Copper Mountain Mining2.00-0.02
Colorado Resources0.13-0.005
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.355-0.015

 



22970

FEATURED Property
2122842211-770 Rutland Rd.
2 bedrooms 2 baths
$199,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


23091