Join The Discussion

 

Clip art: Cutting edge barbershop creates a buzz in Fort Worth

Jonathan Morris is on a mission to create a better grooming experience for men.

read more >

Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

read more >

Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

read more >

Thousands rally across US after Ferguson decision

Thousands of people rallied late Monday in U.S. cities including Los Angeles and New York to passionately but peacefully protest a grand jury's decision not to indict a white police officer who killed a black 18-year-old in Ferguson, Mo.

read more >

College debt by state in one easy map

WASHINGTON — It may house some of the most esteemed colleges in the country, but if you want to graduate without backbreaking debt, steer clear of schools along

read more >

Oil jumps to nearly $104 as Ukraine crisis spirals 


The Associated Press

The price of oil continued to climb on Friday, reaching nearly $104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt global supplies.

Benchmark U.S. crude for August delivery was up 51 cents to $103.94 in electronic trading on the New York Mercantile Exchange. The contract jumped $1.99 the previous day to close at $103.19.

Brent crude for September delivery, a benchmark for international oils, rose 43 cents to $108.62 on the ICE exchange in London.

A series of geopolitical events pushed prices higher by raising concern that oil supplies could become tighter, even though no disruptions were imminent.

The Obama Administration announced new sanctions against Russian energy companies late Wednesday, including against Rosneft, Russia's biggest oil producer. While analysts say the stiffer sanctions are unlikely to cause any dip in production or exports in the short term, they could prevent or delay future exploration and production.

The crash of a Malaysian Airlines passenger plane over Ukraine, which Ukrainian officials said was shot down, raised the risk of a sharper conflict between Ukraine and Russia that could lead to even tighter Western sanctions against Moscow. And fighting in the Gaza strip intensified after a shaky cease-fire expired, yet another source of turmoil in the Middle East, the world's most important oil-producing region.

In other Nymex trading:

— Wholesale gasoline added 0.5 cent to $2.862 a gallon.

— Natural gas rose 0.6 cent to $3.96 per 1,000 cubic feet.

— Heating oil rose 0.7 cent to $2.879 a gallon.

 

 

< back

Email   email
hide
Midterms
What was the message of the midterm elections?