Tag Archives: crude

US crude falls 3.1 percent, settling at $51, erases gains on OPEC deal

Diego J. Robles | The Denver Post | Getty Images Oil prices fell 3 percent on Monday, echoing the weakness in global stock markets as the focus returned to demand growth concerns. Crude prices erased the gains they made on Friday following an OPEC-led decision to cut output. Losses in Europe and Asia extended to Wall Street on… Read More »

Oil falls more than 3 percent; U.S. crude draw seen as glitch

Oil prices fell more than 3 percent on Friday, paring the previous session’s rise as traders noted that a tropical storm was behind this week’s unexpected slump in U.S. crude inventories. The market remained on course for a weekly gain of nearly 5 percent, its first gain in three weeks. Traders cited hopes for a global deal on… Read More »