• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks
    market news

    Oil Down Despite Keystone Pipeline Shutdown

    Charlotte McLeod
    Oct. 18, 2012 12:48PM PST
    Oil and Gas Investing

    Reuters reported that oil prices dropped as a result of increased United States jobless claims and improved supply. The news that TransCanada Corp. (TSX:TRP) has suspended activity at the Keystone pipeline briefly brought prices up, but the gain was not sustained.

    Reuters reported that oil prices dropped as a result of increased United States jobless claims and improved supply. The news that TransCanada Corp. (TSX:TRP) has suspended activity at the Keystone pipeline briefly brought prices up, but the gain was not sustained.

    As quoted in the market news:

    Brent December crude fell 72 cents to $112.50 a barrel by 1:27 p.m. EDT (1727 GMT). It fell earlier to $111.57, below the 200-day moving average of $112.24, a technical level monitored by chart-watching traders and analysts.

    U.S. November crude was down 11 cents at $92.01 a barrel, having reached $92.41. It fell to $90.66 during the session and below that, a test of technical support could be expected at the 100-day moving average of $89.92.

     Click here to read the full Reuters report.
    united statesmarket newstsx:trp
    The Conversation (0)

    Go Deeper

    AI Powered
    Gas nozzle with hose forming a declining bar graph, symbolizing falling gas prices.

    Oil Markets Buckle Under Tariff Pressure, Recession Fears Tank Prices

    TSXV:BBI

    Oil Prices Boosted as US Shale Output Shows Signs of Slowing

    Latest News

    CORRECTED: CHARBONE Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing

    CORRIGE: CHARBONE Hydrogene acquiert des actifs de production d'hydrogene et cloture une premiere tranche d'un financement par placement prive de 1 M$

    Alvopetro Announces August 2025 Sales Volumes

    Charbone Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing

    Charbone Hydrogene acquiert des actifs de production d'hydrogene et cloture une premiere tranche d'un financement par placement prive de 1 M$

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×