Oil prices edge up after dip on Brazil strike impact
Oil futures recovered late Friday after testing one month lows as refiners bought to meet delivery deadlines and traders eyed demand. Brazil oil workers strike raised supply concerns, supporting prices. June WTI settled at 19.52 dollars per barrel, Brent at 18.52 dollars.
MENTIONED IN THIS ARTICLE
NEW York
Brazil
New York Mercantile Exchange
al Linseth
GSC Energy
Atlanta
Petrobras
National Oil Workers Federation
London
North Sea
International Petroleum Exchange
U.S. Rig Count Climbs by 25 to 689 This Week
The U.S. rig count rose this week by 25 to 689 with West Texas down four to 86. The total shows 245 rigs in Texas last week and 234 this week. The weekly tally records rigs actively exploring for petroleum and natural gas, not those producing.
MENTIONED IN THIS ARTICLE
U.S
West Texas
United States
Brazil oil workers strike nears collapse amid government pressure
About 50,000 striking oil workers threaten to quit as the government refuses to negotiate and studies emergency fuel distribution. Petrobras fires 59 workers and hires replacements while the Supreme Labor Tribunal rules the strike illegal. Workers demand a 23.6 percent pay raise and oppose privatization.
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Brasilia
Brazil
Petrobras
Supreme Labor Tribunal
Rubems
Commodities mixed as futures show varied open interest
Trading results across NYM, CBT, CME and CSCE show mixed activity with several contracts posting gains while others slip. Open interest rose in cotton and sugar markets, while grain bids ranged with No. 2 sorghum and corn steady to higher in Texas and Midwest exchanges.
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Austin
Texas
High Plains
Texas South Plains
Fort Worth
CBT
Chicago Board of Trade
CME
Chicago Mercantile Exchange
CSCE
New York Coffee, Sugar and Cocoa Exchange
CIN
New York Cotton Exchange
NYM
New York Mercantile Exchange
Gas prices rise but travel plans unlikely to fade
AP reports the Energy Department expects regular gasoline to average 1.24 dollars a gallon nationwide through September, about five cents higher than last summer. Demand is not expected to drop while travel activity should rise 2.8 percent, with oil imports near half of U.S. demand through 1996 and electricity use climbing along with coal.
MENTIONED IN THIS ARTICLE
Washington
Energy Department
Department
Energy Information Administration
Statistical Agency
The
U.S
Panhandle feedlot opens amid slow trade and mixed cattle prices
In Amarillo and the Texas Panhandle, feedlots report light buyer inquiry as slaughter steers and heifers show limited testing and a weak undertone. Records show 1,000 slaughter steers and 1,000 heifers sold after a weekly 94,000 head movement. Prices list select to midgrade steers at 1100-1200 lb about 62.00 and 1000-1100 lb heifers about 63.00, with hog and cattle quotes from National Stockyards and Omaha markets reflecting softer trade and uneven demand.
MENTIONED IN THIS ARTICLE
Amarillo
Texas Panhandle
Oklahoma
Panhandle
Omaha
Neb
USDA
U.S
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