44.3 F
Fort Worth
Thursday, December 3, 2020
How Recent Political Changes Will Impact Your Bottom Line
Energy Oil little changed near $93 a barrel

Oil little changed near $93 a barrel

Other News

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for September delivery rose 31 cents to settle at $41.60 a barrel Monday. Brent crude oil for...

Trump to discuss energy, tour oil rig, raise money in Texas

By DARLENE SUPERVILLE Associated PressWASHINGTON (AP) — President Donald Trump will shift his focus to American energy dominance during a stop in Texas later...

Basic Energy Services makes organizational changes

Fort Worth-based Basic Energy Services, Inc. (OTCQX: BASX) in late May announced the implementation of changes to the organizational structure of the company, reducing...

Texas oil producers were cutting output before Railroad Commission chose not to, Commissioner Christi Craddick says

By Cassandra PollockMay 12, 2020 Texas Railroad Commissioner Christi Craddick on Tuesday doubled down on the agency’s recent decision to not cut oil production and...
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

BANGKOK (AP) — Oil was little changed below $93 a barrel Tuesday, awaiting new cues from U.S. economic indicators and the resumption of negotiations in Geneva meant to curb Iran’s nuclear program.

Benchmark U.S. crude for December delivery was down 7 cents at $92.96 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 81 cents to $93.03 on Monday.

Oil has traded between $93 and $96 a barrel over the past two weeks, and is down from nearly $110 a barrel in early October due to ample supplies and tepid demand.

U.S. retail sales due Wednesday might halt oil’s recent slide if the figures show increased demand for gasoline.

Iran, meanwhile, will resume talks this week in Geneva with the U.S., Britain, France, Russia, China and Germany aimed at resolving a decade-long standoff over Iran’s nuclear program.

The powers are offering a gradual rollback of sanctions that have crippled Iran’s economy, raising concerns of an influx of Iranian oil into world markets at a time of already abundant supplies.

Brent crude, the benchmark for an international variety of crude, was down 47 cents at $108 a barrel on the ICE futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline dropped 0.6 cent to $2.63 a gallon.

— Heating oil fell 1 cent to $2.915 a gallon.

— Natural gas added 0.2 cent to $3.619 per 1,000 cubic feet.

 


close






Oh hi there 👋 It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Biden, top Democrats swing behind bipartisan virus aid bill

By ANDREW TAYLOR Associated PressWASHINGTON (AP) — President-elect Joe Biden swung behind a bipartisan COVID-19 relief effort Wednesday and his top Capitol Hill allies...

Fort Worth announces plans to purchase Pier 1 Building for City Hall

Plans for a new City Hall for Fort Worth have been knocked around for years, maybe even decades. On Dec. 2, city officials announced...

U.S. Rep. Michael Burgess loses bid for GOP leadership position on key committee

U.S. Rep. Michael Burgess, R-Lewisville, conceded his bid to be the Republican leader on the House Energy and Commerce Committee on Wednesday. “I want to...

Fort Worth’s Redistricting Task Force presents draft recommendations

A City Council-appointed, 11-member Redistricting Task Force that will advise on redistricting issues in Fort Worth presented its draft criteria as part of its...

U.S. Reps. Michael Burgess and Joaquin Castro seek House leadership roles

The fall campaigns may be over, but for two Texans in Congress the elections are continuing into this week. U.S. Reps. Michael Burgess, a Lewisville...