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Oil jumps above $96; natural gas soars 6 percent

stocks

NEW YORK (AP) — The price of oil rose nearly 2 percent Wednesday as oil started flowing through a new pipeline to the Gulf Coast and traders anticipated another decline in U.S. supplies. Meanwhile, natural gas futures shot up almost 6 percent as temperatures in many parts of the Northeast dropped into the single digits, and strong demand tapped the ...

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Oil heads towards $108, IEA says demand to accelerate

oil money

By Elizabeth Dilts NEW YORK, Jan 21 (Reuters) – Brent oil futures rose on Tuesday as the global energy watchdog forecast strong demand and as continuing instability in Libya fed doubts about when supply from that country would rebound. U.S. crude oil futures jumped early as traders bought contracts to cover positions ahead of the expiration of the February contract. But U.S. oil ...

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Oil price holds near $94

prices

The price of oil rose slightly Friday and finished the week 2 percent higher on signs of rising demand in the U.S., the world’s biggest oil consumer. Benchmark crude for February delivery rose 41 cents to close at $94.37 in New York. Oil is up 2 percent since closing last Friday at $92.72. Brent crude for March delivery was up ...

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Crude Market Update: January 13th

market update

Oil Inventories Continue to Rise Crude Oil prices after Wednesdays EIA report declined 1.45% for the 24 hour period, closing at 92.61 after a report from the Energy Information Administration (EIA) has showed that fuel stockpiles in the US rose more than expected last week. Stockpiles rose by 5.83 million barrels to 125 million, surpassing analysts’ estimate of a gain ...

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Frigid weather threatens oil output from Texas to ND

cold

(Reuters) The severe cold weather sweeping across the mid-United States is threatening to curtail booming oil production as it disrupts traffic, strands wells and interrupts drilling and fracking operations. Weather stations across the U.S. Midwest recorded some of the coldest temperatures in two decades this weekend, with many schools closed and flights delayed. Arctic cold air is also spreading across ...

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Fire causes $70,000 to local business

fire

By BRIAN GEHRING | Bismarck Tribune Bismarck Tribune Hot ashes in a garbage can sparked a fire Tuesday night or Wednesday morning, causing an estimated $70,000 in damage to a Bismarck business. Capt. Frank Smith Jr. of the Bismarck Fire Department, said the fire was at 219 N. 18th St. in a building adjacent to John’s Meat Market. Smith said ...

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U.S. oil boom could slip in 2015, feds forecast

natural gas

The shale-oil boom that has lifted economies and made millionaires in Texas and North Dakota will slow next year for the first time since it began in 2011, a new federal forecast shows. U.S. oil producers are slated to increase their output by about 750,000 barrels per day in 2015, according to the U.S. Energy Information Administration’s first projections about ...

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