68.1 F
Fort Worth
Wednesday, September 23, 2020
- Advertisements -
Energy Oil prices steady as Ukraine crisis jitters ease

Oil prices steady as Ukraine crisis jitters ease

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...

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...

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...

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...
Robert Francis
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.

The Associated Press

Oil prices were little changed Wednesday as concerns over Russia’s military advance into Ukraine eased, but the situation remained tense overall.

Benchmark U.S. crude for April delivery was up 3 cents to $103.36 a barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange. The contract fell $1.59 to close at $103.33 on Tuesday. Brent crude, used to set prices for international varieties of crude, shed 12 cents at $109.18 a barrel on the ICE exchange in London.

Russian President Vladimir Putin said Tuesday the situation in Ukraine was “gradually stabilizing,” helping to cool tensions after Russian troops took control of all Ukrainian border posts on the strategic Crimean peninsula. It also eased concerns of economic sanctions against Russia, which is one of the world’s major oil suppliers.

Putin has pulled his forces back from the Ukrainian border, yet warned Moscow reserves the right to use all means to protect Russians in the country. He also said Western actions were driving Ukraine into anarchy and warned any sanctions the West might place on Russia for its actions will backfire.

Russia was the world’s second-largest producer of oil in 2012, accounting for 12.6 percent of global supplies, according to the International Energy Agency. It was also the world’s top exporter of natural gas that year, the IEA said.

Any economic sanctions against Moscow could limit world supply and push up prices.

In other energy futures trading on Nymex:

— Wholesale gasoline lost 0.2 cent to $2.983 per gallon.

— Heating oil fell 0.4 cent to $3.037 per gallon.

— Natural gas rose 4.2 cents to $4.709 per 1,000 cubic feet.

 

 

 

- Advertisements -
- Advertisements -

Latest News

Cindy McCain endorses Biden for president in rebuke of Trump

By JONATHAN J. COOPER Associated PressPHOENIX (AP) — Cindy McCain endorsed Democrat Joe Biden for president Tuesday in a rebuke of President...

House easily passes stopgap funding bill, averting shutdown

By ANDREW TAYLOR Associated PressWASHINGTON (AP) — In a sweeping bipartisan vote that takes a government shutdown off the table, the House...

Trump says new TikTok headquarters could land in Texas, but questions about the deal remain

By Dan Rosenzweig-Ziff, The Texas Tribune Sept. 22, 2020 "Trump says new TikTok headquarters...

New voter registrations plummeted during the pandemic in Texas, where you can’t register online

By Alex Samuels, The Texas Tribune Sept. 17, 2020 "New voter registrations plummeted during...

Fort Worth initiates audit, criminal investigation after terminating director of aviation department

Fort Worth City Manager David Cooke has initiated an audit and criminal investigation following the termination of the director of the city's...