Energy

Oil reaches 4-month high as Middle East tensions flare

Brent crude prices rose to a 4-month high over $110 a barrel on Wednesday on concerns about supply disruptions in Libya and escalating violence in Egypt. FULL STORY »

New traffic patterns emerge to supply crude oil to West Coast

In many parts of the country, drivers frequently encounter road construction and a sign that says "New Traffic Patterns" as highway infrastructure shifts. New traffic patterns are emerging also in crude oil movements. FULL STORY »

Oil slips on U.S. stimulus outlook but supply worries support

Brent crude oil slipped towards $109 a barrel on Wednesday as investors speculated that the U.S. Federal Reserve would soon curb its commodity-friendly economic stimulus, but Middle East supply disruptions underpinned prices. FULL STORY »

Oil up for third session on supply problems in Libya, Iraq

Oil prices on both sides of the Atlantic rose for the third session in a row on Tuesday amid worries over supplies from OPEC nations Libya and Iraq. FULL STORY »

Oil rises towards $110 on supply concerns

Brent crude oil rose towards $110 per barrel on Tuesday after oil exports from Libya fell to their lowest for two years, heightening supply worries ahead of scheduled cuts in output from fellow OPEC member Iraq. FULL STORY »

Oil rises on Libya supply disruptions

Brent crude rose on Monday as fresh export disruptions in OPEC nation Libya stoked supply concerns. FULL STORY »

Brent falls below $108 after rally, U.S. data in focus

Brent crude oil dropped below $108 per barrel on Monday after a sharp rally in the previous session as investors awaited U.S. data this week for hints on when the Federal Reserve will scale back its stimulus. FULL STORY »

Oil up on supply disruptions, China demand

Brent crude oil was up slightly at around $107 a barrel on Friday, driven by North Sea and Libyan supply disruptions and evidence that the economy of top global energy consumer China was stabilising. FULL STORY »

Oil drops for 5th session, funds push late rebound

U.S. crude oil fell for a fifth straight session on Thursday as traders and funds liquidated long positions to shake some heavy length out of the market. FULL STORY »

Brent-WTI spread is expected to widen through the end of the year

The Brent-WTI spread, the price differential between Brent crude oil and West Texas Intermediate (WTI) crude oil, averaged just over $3 per barrel in July, its lowest monthly average since December 2010. FULL STORY »

Brent slips below $107, shuns robust China oil data

Brent crude fell below $107 a barrel on Thursday as investors overlooked robust Chinese oil import figures and focused instead on rising supplies from the North Sea. FULL STORY »

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8560 4WD Shuttle

Built for Performance. Modern looking 83 hp workhorse with rugged, cast-iron chassis that provides more weight – resulting in more ... Read More

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