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Tag Archives: barrels of crude

Per barrel oil prices testing ‘ugly lows’

The posted price for a barrel of crude oil could be below $30 by the end of December, a Texas petroleum economist said Monday. Karr Ingham, based in Amarillo, said the posted price — the actual price producers charge versus the price set by speculators in New York — was $32 on Friday, a continuation of the downward trend Texas ...

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Oil prices edge up amid ongoing commodity downturn

SINGAPORE – Crude prices found at least temporary support early on Wednesday after the dollar weakened and China’s commodity imports came out surprisingly strong, but oversupply means prices are expected to remain low for some time. U.S. crude futures were at $38.11 per barrel at 0048 GMT (7:48 a.m. EST), up 60 cents from their last settlement. Traders said the ...

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