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
- Iran Didnt Need A Navy To Close Hormuz And Block Oil Exports
- Brent Smashes Higher As The Strait Of Hormuz Is Closed
- Bitcoin Bounces Off The Lows But Is That The Bottom?
- Iran Talks Go Nowhere and Oil Price Shrugs
- Stocks Hot After Jobs Data But CPI To Come
- Silver and Gold Keep Traders On Heat
- Silver’s Getting Loud, Gold’s Ready to Get Started
- Copper Finds Its Footing as Market Sentiment Improves
Currency Articles - Feb 26, 2026 22:28 - 0 Comments
Bitcoin Bounces Off The Lows But Is That The Bottom?
More In Currency Articles
- Bitcoin Holds Near $120K as 401(k) Buzz Meets Inflation Jitters
- Pound Climbs on BoE Cut and Dovish Signals
Gold and Oil News - Mar 8, 2026 14:24 - 0 Comments
Iran Didnt Need A Navy To Close Hormuz And Block Oil Exports
More In Gold and Oil News
Shares and Markets - Feb 12, 2026 15:35 - 0 Comments
Stocks Hot After Jobs Data But CPI To Come
More In Shares and Markets
- S&P 500 Grinds Higher as Rate Cut Hopes Simmer
- Markets Wobble After Highs as Fed Holds Steady and Earnings Send Mixed Signals


