Crude Oil Declines on Greece Worries
Crude oil futures ended lower on Monday as investors were uncertain over the Greece’s debt situation. In reaction to uncertainty over the Greece’s second bailout package the greenback strengthened further putting pressure on the commodities.
Crude oil futures for March delivery fell 1 percent or $0.93 to $96.91 per barrel on the New York Mercantile Exchange on Monday. On the other hand London’s Brent crude oil for March delivery gained 1.2 percent or $1.35 to settle at $115.93 per barrel on the ICE Futures Exchange. Investors took more positions in the Brent as cautious approach.
However other commodities moved in opposite direction of the crude oil and the gasoline futures for March delivery gained 0.5 percent or $0.01 to settle at $2.93 per gallon. Heating oil futures for the same month delivery jumped 1.8 percent or $0.06 to $3.17 per gallon.
Natural gas for the March delivery surged 2 percent or $0.05 to $2.55 per million British thermal units on NYMEX.
Twitter •
Most Popular Content
- Gold and Copper Prices Dip Amid Trade Turbulence and Tariff Worries
- Copper Prices Hit New Heights Amid Global Trade Tensions
- Oil Markets Respond to OPEC+ Production Signals as Prices Find Support
- Gold Prices Reach Record Highs Amid Economic Uncertainty and Volatility
- Pressure Mounts on the British Pound Following Autumn Budget
- Impact and Outlook for the U.S. Economy on Rate Cut
- Gold and Copper Markets Respond to Powell
- US Stock Market Faces Turbulence and Mixed Commodity Reactions
Currency Articles - Nov 3, 2024 13:35 - 0 Comments
Pressure Mounts on the British Pound Following Autumn Budget
More In Currency Articles
Gold and Oil News - Apr 5, 2025 15:06 - 0 Comments
Gold and Copper Prices Dip Amid Trade Turbulence and Tariff Worries
More In Gold and Oil News
- Copper Prices Hit New Heights Amid Global Trade Tensions
- Oil Markets Respond to OPEC+ Production Signals as Prices Find Support