Saturday, October 25th9.1°C
23888
23589

Crude oil inches down but remains near one-month high of US$104 a barrel

The price of oil drifted lower Thursday, a day after hitting a one-month high.

Benchmark West Texas Intermediate crude for July delivery fell 33 cents to close at US$103.74 a barrel on the New York Mercantile Exchange. On Wednesday, oil gained $1.74 to close at US$104.07.

Brent crude, a benchmark for international oils, slipped 19 cents to US$110.36 on the ICE Futures exchange in London.

The U.S. oil price shot up Wednesday after a report from the Energy Information Administration showed that U.S. crude oil supplies dropped 7.2 million barrels in the week ended May 16. The drop was bigger than analysts expected and due mostly to lower crude imports.

In other energy future trading on the Nymex, wholesale gasoline gained one cent to US$3.01 a U.S. gallon (3.79 litres), heating oil was flat at US$2.95 a gallon and natural gas dropped 11 cents to US$4.44 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 TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23015

FEATURED Property
2096726595 Yates Rd
2 bedrooms 2 baths
$499,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


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...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


23691