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Oil extends loss, slides below $60

Published July 9, 2009, 4:25 pm, The Peninsula

london: Oil prices slid below $60 yesterday for the first time since late May, extending sharp losses seen in recent days on concerns about weak energy demand.

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Oil Prices Fall As Hope Of Quick Economic Recovery Wanes

Published July 9, 2009, 3:03 pm, Free Internet Press

Oil prices briefly fell under $60 a barrel on Thursday after nearly two weeks of uninterrupted declines, as traders and investors acknowledged that a global economic recovery would take longer than hoped.

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Oil falls below $62 on economic doubts

Published July 9, 2009, 2:58 pm, Deepika

LONDON, Jul 8 (Reuters) Oil dropped well over a dollar to below $62 a barrel on Wednesday, placing it on course for a sixth consecutive fall and the longest losing streak since mid-December, after U.S. data showed a big rise in fuel stocks.

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Chevron Issues Interim Update for Second Quarter 2009

Published July 9, 2009, 2:00 pm, Business Wire via Yahoo! Finance

SAN RAMON, Calif.----Chevron Corporation today reported in its interim update that upstream earnings for the second quarter 2009 compared with the first quarter are expected to benefit from an increase in prices for crude oil, largely offset by substantial unfavorable foreign currency effects.

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Platts: June OPEC Oil Output Rose by 80,000 BPD from May

Published July 9, 2009, 1:38 pm, Rigzone

The Organization of the Petroleum Exporting Countries (OPEC) increased crude oil production by 80,000 barrels per day (b/d) to 28.47 million b/d in June, according to a just-released Platts survey of OPEC members, oil industry officials and analysts.

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Oil Is in Its Steepest Fall Since September 2006

Published July 9, 2009, 12:10 pm, New York Times

The price has fallen as traders and investors acknowledge that a global recovery will take longer than hoped.

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Oil trends sustainable

Published July 9, 2009, 10:58 am, UPI

NEW YORK, July 9 (UPI) -- Declines in oil prices, retreating from highs near $70 per barrel, are based on market principles, making speculators nervous.

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Oil prices slump below $60

Published July 9, 2009, 10:04 am, Indiana's NewsCenter

Oil prices slid below 60 dollars on Thursday for the first time since late May, extending sharp losses seen in recent days on concerns about weak energy demand.

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Oil prices hurt global economy

Published July 9, 2009, 9:58 am, UPI

BAKU, Azerbaijan, July 9 (UPI) -- The increasing trend in energy prices could threaten the stability of global markets despite moves by the OPEC president.

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Oil drops below $60, gives up early gains

Published July 9, 2009, 8:08 am, BusinessDay

Oil reversed early gains and dropped below $60 a barrel today as a downturn in US equities added to pressure from high US oil inventories and persistent concerns about the timing of any economic recovery.

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