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Oil edges up on book squaring, but posts big weekly drop
Brent oil prices crept higher on Friday, as traders exited short positions ahead of a long holiday weekend in the United States, but the weekly percentage drop was still the biggest in more than a month.
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Midwest gasoline prices: some relief in sight
Gasoline prices throughout the Midwest, also known as Petroleum Administration for Defense District (PADD) 2, have been trending sharply higher since mid-April.
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Oil set for biggest weekly drop since mid-April
Oil was poised to post its biggest weekly loss in more than a month as Brent fell below $102 per barrel on Friday, pressured by ample supply and a sluggish economic recovery that could dent demand for fuel.
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Oil prices pare losses on U.S. equities turnaround
Brent crude oil prices retraced earlier losses after falling to a three-week low on Thursday in a broader commodities selloff, riding the coattails of a late turnaround in U.S. equities to end flat.
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Natural gas outlook: Spot prices increase in most areas
Working natural gas in storage increased to 2,053 billion cubic feet (Bcf) as of Friday, May 17, according to EIA’s Weekly Natural Gas Storage Report.
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- Vilsack: Taking time to remember the fallen
- Ag markets diverge just before the long holiday weekend
- Study suggests dairy herd water quality linked to milk production
- Wis. lawmakers question challenges to large wells
- Traders evening up positions ahead of the weekend Friday
- Bio-Vet and Keller break ground on new facility
- Seven jobs more dangerous than farming
- White House urges Senate to cut crop insurance in farm bill
- Class III futures close out quietly last week
- 4 rules for growing a business or industry
- Drop in U.S. underground water levels has accelerated
- Ongoing wave of Calif. metal theft prompts further legislation
