Crude Oil Futures Fell on Profit Taking
Crude oil futures fell on Thursday as the investors went for profit taking. Crude oil futures for November delivery fell 0.9 percent or $0.81 to $85.30 per barrel on the New York Mercantile Exchange. It touched the intraday low of $84.10 per barrel.
Moreover the death of Libya’s leader Moammar Gadhafi further put pressure on prices, lifting hopes for the supply of crude oil.  The crude oil prices also had pressure as European leaders are trying to postpone European Summit meeting due on weekend.
Gasoline futures contract for November delivery slightly gained to $2.68 per gallon while heating oil futures contract for the same month delivery advanced $0.05 or 1.6 percent to $3.03 per gallon.
Natural gas futures contract for November delivery gained $0.04 or 1.2 percent to $3.63 per million British thermal units. As per its latest report of Energy Information Administration natural gas inventories increased to 103 billion cubic feet for week ended October 14th, 2011 while analysts expected the increase of anywhere between 109 to 113 billion cubic feet for the respective quarter.
Twitter •
Most Popular Content
- Copper Finds Its Footing as Market Sentiment Improves
- S&P 500 Grinds Higher as Rate Cut Hopes Simmer
- Bitcoin Holds Near $120K as 401(k) Buzz Meets Inflation Jitters
- Pound Climbs on BoE Cut and Dovish Signals
- Gold Soars on Tariff Shock as Copper Holds Steady
- Markets Wobble After Highs as Fed Holds Steady and Earnings Send Mixed Signals
- Copper Prices Drift in the Wake of a Surprise Tariff Shock
- Gold Prices Retreat from Highs Amid Easing Geopolitical Tensions
Currency Articles - Aug 13, 2025 1:07 - 0 Comments
Bitcoin Holds Near $120K as 401(k) Buzz Meets Inflation Jitters
More In Currency Articles
Gold and Oil News - Aug 9, 2025 6:33 - 0 Comments
Gold Soars on Tariff Shock as Copper Holds Steady
More In Gold and Oil News
- Copper Prices Drift in the Wake of a Surprise Tariff Shock
- Gold Prices Retreat from Highs Amid Easing Geopolitical Tensions