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Wednesday, April 7, 2010 as of 11:14 AM ET

Oil Prices

Price of petroleum

The price of petroleum as quoted in news generally refers to the spot price per barrel (159 liters) of either WTI/light crude as traded on the New York Mercantile Exchange (NYMEX) for delivery at Cushing, Oklahoma, or of Brent as traded on the Intercontinental Exchange (ICE, into which the International Petroleum Exchange has been incorporated) for delivery at Sullom Voe.

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Former Shell CEO on the Decline in Oil Prices

Former Shell CEO John Hofmeister on the factors driving the price of oil lower.

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  1. IRPC: 2Q Operating Profit Likely Higher Than 1Q

    Thailand refiner and petrochemical producer IRPC PCL (IRPC.TH) said Friday its second-quarter operating profit is likely to be stronger than the THB1.14 billion ($36...

  2. Tight Stocks, Ramadan Demand To Support CPO In Next 2 Months -IOI Executive

    KLUANG, Malaysia -(Dow Jones)- Crude palm oil prices may rise from current levels and hover around MYR3,200 a metric ton over the next two months, buoyed by tight st...

  3. CVR Energy Hires Jefferies Group to Assist in Sale

    FBN’s Sandra Smith with an afternoon market update and news that CVR Energy has hired Jefferies Group to help with the company’s sale.

  4. Oil Prices Dropping While Iranian Nuclear Talks Continue

    Barclays director of commodity research Helima Croft weighs in on Iranian nuclear talks.

  5. Weekly Jobless Claims Fall to 370,000

    FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.

  6. Oil Prices Hit 7-Month Low

    GRZ Energy President Anthony Grisanti on the outlook for oil prices .

  7. Wall Street's Losses Vanish in Late-Day Run

    FOX Business: The Power to ProsperWall Street managed to put an end to a brutal global rout on Wednesday, with the S&P and Nasdaq ending in the green as traders pars...

  8. Wall Street's Losses Vanish in Late-Day Run

    FOX Business: The Power to ProsperWall Street managed to put an end to a brutal global rout on Wednesday, with the S&P and Nasdaq ending in the green as traders pars...

  9. Spring Slide in Full Swing in the Markets?

    LPL Financial chief market strategist Jeff Kleintop on whether the spring selloff will derail the global recovery.

  10. Oil, Gold Worsen Decline As Dollar Adds To Gains

    Oil prices dropped under $90 a barrel for the first time since October and gold futures hit a session low Wednesday as gains in the U.S. dollar intensified on the ba...

  11. South Carolina Has Lowest Gas Prices Ahead of Memorial Day

    GasBuddy.com’s Patrick DeHaan on the falling prices ahead of the holiday weekend.

  12. Mounting EU Worries Hit U.S. Stock Futures

    FOX Business: The Power to ProsperU.S. stock-index futures followed European shares to the downside on Wednesday amid skepticism that eurozone leaders meeting on the...

  1. T Rowe Price Launches Emerging-Market Corporate Bond Fund

    T. Rowe Price is launching a new emerging-market corporate bond fund to capture the growth in these countries, but without betting on their currencies.The T. Rowe Pr...

  2. Higher Levels of Uranium at Iran Site Raises Concerns

    FBN’s Jeff Flock and PFGBEST Energy Analyst Phil Flynn on concerns over higher levels of enriched uranium found at a site in Iran.

  3. Iran Sanctions Could Benefit Oil Majors: Moody's

    The fact that some of the world's largest oil and gas reservoirs are 100% owned and operated by national oil companies could benefit international oil companies if e...

  4. Lipow: Could See $85 Oil Prices

    Lipow Oil Associates president Andy Lipow gives his outlook for crude oil and gas prices.

  5. India To Review Gasoline Rates In A Few Days On Price Hike Protests

    Indian Oil Minister Jaipal Reddy said Friday that a decision will be taken on gasoline rates in a few days, as the federal government continues to face a barrage of ...

  6. Oil Prices Rise, Outlook Remains Negative

    Brent crude oil prices gained on Friday, supported by a lack of progress in nuclear negotiations with Iran, returning investor focus to fears over supply if tension ...

  7. India Minister: Will Review Gasoline Rates In A Few Days

    India's oil minister said Friday that a decision will be taken on gasoline rates in a few days, as the federal government continues to face a barrage of criticism fr...

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