2011–2013 world oil market chronology

none World oil market chronology from 2003 2011 Political turmoil in Egypt, Libya, Yemen, and Bahrain drove oil prices to $95/barrel in late February 2011. A few days prior, oil prices on the NYMEX closed at $86. Oil prices topped at $103 on February 24 where oil production is curtailed to the political upheaval in Libya.https://money.cnn.com/2011/02/24/markets/oil/index.htm https://web.archive.org/web/20110227034310/http://money.cnn.com/2011/02/24/markets/oil/index.htm dead February 27, 2011 CNN February 24, 2011 Oil prices spike to $103, then drop back Ben Rooney February 24, 2011 Oil supplies remained high, and Saudi Arabia assured an increase in production to counteract shutdowns. Still, the Mideast and North African crisis led to a rise in oil prices to the highest level in two years, with gasoline prices following. Though most Libyan oil went to Europe, all oil prices reacted. The average price of gasoline in the United States increased 6 cents to $3.17.https://www.nytimes.com/2011/02/23/business/global/23oil.html?ref=gasolineprices Oil Soars as Libyan Furor Shakes Markets The New York Times February 22, 2011 Clifford Krauss Christine Hauser On March 1, 2011, a significant drop in Libyan production and fears of more instability in other countries pushed the price of oil over $100 a barrel in New York trading, while the average price of gas reached $3.37. Despite Saudi promises, the sour type oil the country exported could not replace the more desirable sweet Libyan oil.https://www.nytimes.com/2011/03/02/business/02oil.html?ref=gasolineprices Uncertainty Drives Up Oil Prices The New York Times March 1, 2011 Clifford Krauss Jad Mouawad On March 7, 2011, the average price of gas having reached $3.57, individuals were making changes in their driving.https://www.nytimes.com/2011/03/09/business/economy/09gasoline.html?ref=gasolineprices U.S. Economy Is Better Prepared for Rising Gas Costs The New York Times March 8, 2011 Jad Mouawad Nick Bunkley The weakened U.S. Dollar resulted in a spike to $112/barrel with the national average of $3.74/gallon – with expectations of damaging the U.S. economy suggestive of a long-term recession.http://www.washingtontimes.com/news/2011/apr/9/oil-settles-above-112-dollar-falls/ Washington Times April 20, 2016 Oil settles above $112 as dollar falls As of April 26, the national average was $3.87 – with a fear of $4/gallon as the nationwide average prior to the summer driving season.November 2011https://news.yahoo.com/s/ap/20110426/ap_on_bi_ge/us_oil_prices Yahoo! April 26, 2011 Gasoline rises to $3.87 per gallon The national average rose on May 5, 2011 for the 44th straight day, reaching $3.98. However, that same day, West Texas Intermediate crude fell below $100 a barrel, the lowest since March 16.http://www.thesunnews.com/2011/05/06/2142601/oil-drops-below-100-per-barrel.html https://archive.today/20130204045651/http://www.thesunnews.com/2011/05/06/2142601/oil-drops-below-100-per-barrel.html dead February 4, 2013 Oil drops below $100 per barrel The Sun News May 6, 2011 Chris Kahn Associated Press This came after crude oil for June delivery reached $114.83 on May 2, the highest since September 2008, before closing at $97.18 on May 6, a day after dropping 9%, the most dramatic single-day drop in over two years. Gas prices fell slightly on May 6, and experts predicted $3.50 a gallon by summer.http://www.businessweek.com/news/2011-05-02/oil-jumps-to-31-month-high-on-concern-about-al-qaeda-reprisals.html https://web.archive.org/web/20110507110354/http://www.businessweek.com/news/2011-05-02/oil-jumps-to-31-month-high-on-concern-about-al-qaeda-reprisals.html dead May 7, 2011 Oil Jumps to 31-Month High on Concern About Al-Qaeda Reprisals Bloomberg Businessweek May 2, 2011 Margot Habiby http://www.thesunnews.com/2011/05/07/2144489/gas-price-to-drop-as-oil-joins.html https://archive.today/20130204170802/http://www.thesunnews.com/2011/05/07/2144489/gas-price-to-drop-as-oil-joins.html dead February 4, 2013 Gas price to drop as oil joins plunge The Sun News May 7, 2011 Jonathan Fahey Chris Kahn Associated Press https://money.cnn.com/2011/05/06/markets/commodities_oil_silver/ https://web.archive.org/web/20110509063159/http://money.cnn.com/2011/05/06/markets/commodities_oil_silver dead May 9, 2011 Oil settles down 2.6% CNNMoney May 6, 2011 Blake Ellis In mid-June, West Texas Intermediate crude for July delivery fell nearly $2 to $93.01, the lowest price since February. The dollar was up and the euro and other currencies down, and the European economic crisis made investors concerned. London Brent crude fell 81 cents to $113.21. On June 15 the Energy Information Association said oil consumption was down 3.5% from a year earlier, but wholesale gasoline demand was up for the first time in several weeks. The price of gas on June 17 was $3.67.5 a gallon, 25.1 cents lower than a month earlier but 96.8 cents above a year earlier.http://www.thesunnews.com/2011/06/18/2226742/oil-falls-2-percent-to-93-a-barrel.html https://archive.today/20130204112828/http://www.thesunnews.com/2011/06/18/2226742/oil-falls-2-percent-to-93-a-barrel.html dead February 4, 2013 Oil falls 2 percent, to $93 a barrel The Sun News Associated Press June 18, 2011 Chris Kahn On June 24, the price of gas was $3.62.8 and expected to go much lower due to the opening of the Strategic Petroleum Reserve. U.S. oil prices fell below $90 before rising again, and Brent crude fell 2%.https://www.nbcnews.com/id/wbna43541488 https://web.archive.org/web/20110629051149/http://www.msnbc.msn.com/id/43541488/ns/business-oil_and_energy/?gt1=43001 live June 29, 2011 Price of gas drops 11 cents in the last two weeks MSNBC June 26, 2011 However, on June 29, West Texas intermediate crude had risen to $94.96, almost $5 above the lowest point reached after the previous week's action. One reason was the falling dollar, as Greece appeared less likely to default on its debt; concern over the Greek debt crisis had caused falling oil prices.https://money.cnn.com/2011/06/30/markets/oil_prices/index.htm https://web.archive.org/web/20110701213436/http://money.cnn.com/2011/06/30/markets/oil_prices/index.htm dead July 1, 2011 Oil prices rising a week after SPR release CNNMoney June 30, 2011 Steve Hargreaveshttp://wvgazette.com/ap/ApBusiness/201106290077 Oil wavers below $91 on Greece debt The Charleston Gazette Associated Press June 29, 2011 After another week, oil for August delivery had risen from $90.61 to $98.67 and gas prices were up five cents. Increased worldwide demand was one reason.https://finance.yahoo.com/news/Oil-and-gasoline-prices-on-apf-2832043271.html?x=0 Oil and gasoline prices on the rise again Yahoo Finance Associated Press July 7, 2011 Sandy Shore January 17, 2017 https://web.archive.org/web/20160305052210/http://finance.yahoo.com/news/Oil-and-gasoline-prices-on-apf-2832043271.html?x=0 March 5, 2016 dead mdy-all Brent Crude remained high at $118.38 partly due to supply problems in Europe, including lower North Sea production and the continuing war in Libya.https://blogs.forbes.com/afontevecchia/2011/07/08/oil-prices-brent-wti-spread-above-22-and-here-to-stay/ Oil Prices: Brent-WTI Spread Above $22 And Here To Stay Forbes July 8, 2011 Agustino Fontevecchia On August 4, the price of oil dropped 6% to its lowest level in 6 months. On August 5, the price had dropped $8.82 in a week to $86.88 per barrel on the New York Mercantile Exchange. The same pessimistic economic news that caused stock prices to fall also decreased expected energy demand, and experts predicted a gas price drop of 35 cents per gallon from the average of $3.70.http://www.thesunnews.com/2011/08/05/2317896/gas-prices-expected-to-fall-in.html Gas prices expected to fall The Sun News Associated Press August 6, 2011 Chris Kahn May 2019 InternetArchiveBot yes On August 8, oil fell over 6%, in its largest drop since May, to $81, its lowest price of the year.http://www.nydailynews.com/money/2011/08/09/2011-08-09_gas_prices_fall_to_lowest_price_all_year_after_stock_values_plummet.html Gas prices fall to lowest price all year after stock values plummet New York Daily News August 9, 2011 Robert Dominguez On September 24, oil reached $79.85, down 9% for the week, due to concerns about another recession and the overall world economy. The average price of gas was $3.51, with predictions of $3.25 by November, but it was below $3 in some markets.http://www.thesunnews.com/2011/09/25/2410057/gas-prices-dip.html#storylink=omni_popular Gas prices dip The Sun News Associated Press September 26, 2011 Jonathan Fahey May 2019 InternetArchiveBot yes During October, the price of oil rose 22%, the fastest pace since February, as worries over the U.S. economy decreased, leading to predictions of $4 by early 2012. As of November 8, the price reached $96.80. Gas prices were not following the increase, due to lower demand resulting from the economy, the normal decrease in travel, lower oil prices in other countries, and production of winter blends which cost less. The average rose slightly to $3.41 but predictions of $3.25 were made.http://www.newsobserver.com/2011/11/09/1629689/oil-soars-but-dont-worry-yet-at.html Oil soars, but don't worry yet at the pump The News & Observer Associated Press November 9, 2011 Chris Kahn 2012 thumb|Brent versus WTI Shortages of oil could have resulted if Iran closed the Strait of Hormuz, through which one-fifth of exported oil travels, as a result of sanctions due to the country's nuclear policies. The price of oil stayed near $100 throughout January because of concerns over supplies, and the European debt situation. The average price of gas was $3.38 on January 20, up 17 cents from a month earlier.https://www.washingtonpost.com/business/markets/retail-gasoline-prices-stay-high-on-concerns-about-the-middle-east-and-europe/2012/01/20/gIQAzRBeEQ_story.html https://web.archive.org/web/20190922183337/https://www.washingtonpost.com/business/markets/retail-gasoline-prices-stay-high-on-concerns-about-the-middle-east-and-europe/2012/01/20/gIQAzRBeEQ_story.html dead September 22, 2019 Retail gasoline prices stay high on concerns about the Middle East and Europe The Washington Post Associated Press January 20, 2012 https://www.bbc.co.uk/news/world-europe-16693484 Iran: EU oil sanctions 'unfair' and 'doomed to fail' BBC News January 23, 2012 Another factor was planned closing of refineries in the U.S. and Europe due to lower demand.http://www.businessweek.com/ap/financialnews/D9SKMJ4G1.htm https://archive.today/20130119014216/http://www.businessweek.com/ap/financialnews/D9SKMJ4G1.htm dead January 19, 2013 AAA reports Oklahoma gas prices rising Bloomberg Businessweek February 1, 2012 By early February, the national average was $3.48, though oil prices were at $98, the lowest in six weeks, and U.S. demand was the lowest since September 2001.http://www.citizen-times.com/article/20120206/BUSINESS/302060060/Gas-prices-jump Gas prices to jump USA Today February 6, 2012 Gary Strauss On February 20, benchmark March crude oil reached $105.21, the highest in nine months. This came one day after Iran's oil ministry announced an end to sales to British and French companies; though this would have little actual impact on supplies, fears resulted in higher prices. Also, approval of the bailout plan for Greece was expected, and China's action to raise the money supply was likely to stimulate the economy.http://www.myrtlebeachonline.com/2012/02/20/2672467/oil-jumps-to-9-month-high-after.html Oil jumps to 9-month high after Iran cuts supply The Sun News Associated Press February 20, 2012 Pablo Gorondi May 2019 InternetArchiveBot yes Brent crude was up 11% for the year to $119.58 on February 17, with cold weather in Europe and higher Third World demand, and West Texas Intermediate crude was up 19% to $103.24. The average price of gas was $3.53.http://www.news-record.com/content/2012/02/20/article/gas_prices_are_highest_ever_for_this_time_of_year Gas prices are highest ever for this time of year News & Record Associated Press February 20, 2012 Chris Kahn August 2026 InternetArchiveBot On February 29, the average was $3.73.http://www.myrtlebeachonline.com/2012/02/29/2689457/will-higher-gas-prices-derail.html Will higher gas prices derail the economy? The Sun News Associated Press February 29, 2012 Matthew Craft Christopher S. Rugaber May 2019 InternetArchiveBot yes The average peaked at $3.94 early in April,https://abcnews.go.com/blogs/business/2012/04/highest-weekly-gas-price-for-april/ Highest Weekly Gas Price For April ABC News April 2, 2012 Zunaira Zakihttps://abcnews.go.com/blogs/business/2012/04/gas-price-average-3-94-stocks-close-lower/ Gas Price Average $3.94; Stocks Close Lower ABC News April 9, 2012 Zunaira Zakihttps://abcnews.go.com/blogs/business/2012/04/gas-prices-down-to-3-92/ Gas Prices Down to $3.92 ABC News April 16, 2012 Zunaira Zakihttp://www.nbcnews.com/id/47122307 Gas prices actually start falling around the US NBC News Associated Press April 20, 2012 Chris Kahn and Sandy ShoreAugust 2024 medicmedic and on April 24, it was $3.85 compared to $3.86 a year earlier; it had been two years since gas prices were lower than the previous year. Crude oil prices were down; West Texas Intermediate was $103.55 a barrel, down from over $107 late in March,http://www.uprr.com/customers/surcharge/wti.shtml 2012 West Texas Intermediate Crude Oil (WTI) Prices Union Pacific 2012-04-26 and Brent Crude $118.16https://news.yahoo.com/us-gasoline-prices-now-cheaper-ago-194058514--finance.html US gasoline prices now cheaper than a year ago Yahoo News Associated Press April 24, 2012 Chris Kahn after peaking above $128 in March.https://www.reuters.com/article/markets-oil-idUSL3E8FH15O20120417 UPDATE 9-US crude jumps, Brent lags, spread narrows Reuters April 17, 2012 Robert Gibbons On May 7, benchmark U.S. crude reached $95.34, the lowest price of the year, after voters in France and Greece ousted government officials who would cut spending to solve the debt crisis.http://www.myrtlebeachonline.com/2012/05/07/2815829/oil-price-plunges-to-lowest-point.html Oil price plunges to lowest point of 2012 The Sun News Associated Press May 7, 2012 Chris Kahn May 8, 2012 https://web.archive.org/web/20120522050136/http://www.myrtlebeachonline.com/2012/05/07/2815829/oil-price-plunges-to-lowest-point.html May 22, 2012 dead mdy-all Benchmark oil in New York actually rose for two days straight early in June, to $84.29. With U.S. oil supplies the highest since 1990, gas reached $3.57 on June 5.http://www.msnbc.msn.com/id/47690939 Oil price rises again as investors track Europe MSNBC June 5, 2012 Sandy ShoreAugust 2024 medicmedic After falling again to its lowest price since October 2011, Benchmark crude rose 5.8% to $82.18 on June 29, with Brent crude up 4.5% to $95.51. European bailout efforts included lending money to banks, decreasing likelihood of failures. Also, European countries decided not to buy Iranian oil. The price of gas was $3.35, the lowest since January 6.http://www.boston.com/business/markets/2012/06/29/oil-soars-europe-moves-bolster-banks/UWrMRCquiX2fdoJn2ECfVM/story.html Oil soars as Europe moves to bolster banks The Boston Globe Associated Press June 29, 2012 Chris KahnMay 2026 medicmedic On July 17, Benchmark Crude reached $89.22 and Brent crude $104 after good economic news in the United States. Gas rose to $3.40.http://www.beaumontenterprise.com/business/article/Oil-price-rises-on-housing-outlook-3713204.php Oil price rises on housing outlook Beaumont Enterprise Associated Press July 17, 2012 Chris Kahn On August 7, a California refinery fire contributed to a jump in oil futures. Other refinery problems, a pipeline leak, fears about Iran, the crisis in Syria, North Sea problems, and Tropical Storm Ernesto all contributed to a 20% jump in oil prices in six weeks. The price of gas reached $3.63 but was not expected to go much higher.https://money.cnn.com/2012/08/07/news/economy/gas-prices/?source=cnn_bin https://web.archive.org/web/20160304100317/http://money.cnn.com/2012/08/07/news/economy/gas-prices/?source=cnn_bin dead March 4, 2016 Gas prices climb 30 cents a gallon CNNMoney August 7, 2012 Steve Hargreaves Good economic news in the United States contributed to oil reaching its highest price since May on August 17, with Benchmark Crude reaching $96.01, while Brent crude fell slightly to $113.71.http://www.myrtlebeachonline.com/2012/08/17/3005587/oil-rises-us-considers-release.html Oil rises; U.S. considers release from reserves The Sun News Associated Press August 7, 2012 Samantha Bomkamp August 20, 2012 https://web.archive.org/web/20120820151323/http://www.myrtlebeachonline.com/2012/08/17/3005587/oil-rises-us-considers-release.html August 20, 2012 dead mdy-all Early in September, a mix of bad economic news from the United States and good economic news from Europe caused the price of oil to fall slightly. On September 4, Benchmark Crude reached $95.41, with Brent crude at $114.84. The price of gas went down slightly to $3.82http://www.boston.com/business/news/2012/09/04/oil-prices-slide-economic-concerns/KOImYzMEdNcSH9MVD6UxlL/story.html Boston Globe Oil slides on economic concerns Associated Press September 4, 2012 Jonathan FaheyMay 2026 medicmedic but was still the highest ever for Labor Day weekend.https://www.foxnews.com/us/u-s-gas-prices-at-highest-ever-for-labor-day-weekend Fox News U.S. gas prices at highest ever for Labor Day weekend Associated Press September 4, 2012 Jonathan Fahey Hurricane Isaac contributed to a temporary spike in gas prices, but on September 12 gas once again rose, to $3.86, as refineries cut production prior to the switch from summer blend gasoline to winter blend. Benchmark Crude also reached its highest level since early May and continued to rise above $99 after Federal Reserve announcements of actions to improve the economy and the 2012 diplomatic missions attacks. Brent crude rose slightly to nearly $116.https://money.cnn.com/2012/09/11/news/economy/gas-prices/index.html https://web.archive.org/web/20120914011313/http://money.cnn.com/2012/09/11/news/economy/gas-prices/index.html dead September 14, 2012 Gas spike hits drivers CNNMoney September 12, 2012 Chris Isidorehttp://www.stltoday.com/news/oil-price-up-after-attack-on-us-consulate-in-libya/article_542991f4-5a26-55cd-8bb3-6f004570919e.html Oil climbs above $99; gasoline at avg. $3.86 Associated Press St. Louis Post-Dispatch September 17, 2012https://www.usnews.com/news/business/articles/2012/09/13/oil-price-up-after-attack-on-us-consulate-in-libya Oil rises after Fed takes steps to boost economy Associated Press U.S. News & World Report September 13, 2012 Early in October, the average gas price was $3.78 and falling, though still a record for the month.http://www.seattlepi.com/news/article/Calif-gas-prices-spike-8-cents-a-gallon-overnight-3919533.php Calif gas prices spike 8 cents a gallon overnight Associated Press Seattle Post-Intelligencer October 4, 2012 Jason Dearen Late in the month, the average reached $3.62 after a 13-cent drop in a week, the most since November 2008. Brent crude was down $8 in the previous month.http://www.kansascity.com/2012/10/25/3885791/gasoline-prices-dive-toward-3.html Gasoline prices dive toward $3 a gallon The Kansas City Star October 26, 2012 Steve Everly and The Associated Press By the start of November, the average was $3.54, partly due to lower demand after Hurricane Sandy.https://www.nbcnews.com/business/gas-prices-plunge-partly-due-sandy-1C6855748 Gas prices plunge, partly due to Sandy Reuters NBC News November 2, 2015 Crude oil futures fell after Barack Obama was re-elected November 6.https://www.wsj.com/articles/SB10001424127887324439804578104783227265730?mod=googlenews_wsj Oil Prices Slump The Wall Street Journal November 7, 2012 Jerry A. Dicolo After Thanksgiving, lower U.S. oil inventories, good economic news in the United States and good news relating to the Greek bailout helped push Brent crude up to $111.04, and benchmark oil for January delivery to $87.92; benchmark oil reached $86.24 on November 28, and gas was $3.41.http://www2.counton2.com/business/2012/nov/27/oil-prices-up-on-brisk-us-retail-sales-greek-deal-ar-5055276/ Oil prices up on brisk US retail sales, Greek deal Associated Press WCBD November 27, 2012 Pablo Gorondi May 2019 InternetArchiveBot yes http://www.kansascity.com/2012/11/27/3937509/oil-near-87-after-oecd-cuts-growth.html 'Fiscal cliff' worries pressure oil prices Associated Press The Kansas City Star November 27, 2012 Pablo Gorondi On December 13, Brent crude was down to $109.20, while benchmark oil fell slightly due to U.S. fiscal cliff concerns and rose due to Federal Reserve efforts to help the U.S. economy, ending the day at $86.77.http://www.miamiherald.com/2012/12/12/3138508/oil-price-rises-above-86-on-fed.html Oil slips on US talks impasse, weak demand outlook Associated Press Miami Herald December 13, 2012 Pablo Gorondi In mid-December, gas prices reached $3.25, the lowest for 2012.https://www.washingtonpost.com/business/oil-rises-to-near-87-a-barrel-amid-hopes-for-increased-economic-stimulus-in-japan-china/2012/12/17/057750f2-4828-11e2-8af9-9b50cb4605a7_story.html https://web.archive.org/web/20121218054009/http://www.washingtonpost.com/business/oil-rises-to-near-87-a-barrel-amid-hopes-for-increased-economic-stimulus-in-japan-china/2012/12/17/057750f2-4828-11e2-8af9-9b50cb4605a7_story.html December 18, 2012 Oil rises on new hope of 'fiscal cliff' resolution; pump prices hit $3.25 a gallon, 2012 low Associated Press The Washington Post December 17, 2012 dead Oil was trading for between $84 and $90.http://www.foxbusiness.com/news/2012/12/17/oil-prices-lifted-by-progress-on-fiscal-cliff-talks/ Oil Prices Lifted by Progress on Fiscal Cliff Talks Dow Jones Newswires Fox Business December 17, 2012July 2018 2013 On January 17, with good economic news in the United States, Benchmark oil reached its highest level since September, going over $95. Brent crude rose above $110. Gas was at $3.29.https://www.washingtonpost.com/business/oil-falls-to-94-a-barrel-as-us-supplies-remain-ample/2013/01/17/ba0e8178-6071-11e2-bc4f-1f06fffb7acf_story.html https://web.archive.org/web/20190902204058/https://www.washingtonpost.com/business/oil-falls-to-94-a-barrel-as-us-supplies-remain-ample/2013/01/17/ba0e8178-6071-11e2-bc4f-1f06fffb7acf_story.html dead September 2, 2019 Oil prices rise above $95 on strong US housing data and encouraging signs for job market Associated Press The Washington Post January 17, 2013 Refinery shutdowns led to a dramatic rise in gas prices. Late in February, gas was at $3.78, up 14 cents from a week earlier.http://www.newsobserver.com/2013/02/21/2695802/oil-prices-drop-below-95-per-barrel.html Oil prices down sharply for a 2nd day Associated Press News & Observer February 21, 2013 Jonathan Faheyhttp://www.newsobserver.com/2013/02/22/2698121/oil-snaps-2-days-of-steep-losses.html Oil levels off after 2 days of steep losses Associated Press News & Observer February 22, 2013 Pablo Gorondi On February 25, with European stock markets doing well, Benchmark crude for April rose above $94 after a significant drop the previous week due to news the Federal Reserve might end its stimulus efforts, making the dollar stronger. Brent crude was over $115.http://www.newsobserver.com/2013/02/25/2706035/oil-gains-shrugs-off-weak-china.html Oil price gains to above $94 on weaker dollar Associated Press News & Observer February 25, 2013 Pablo Gorondi Two days later gas reached its highest point, $3.79 a gallon. By mid-April, with low demand expected due to negative economic news, gas was down to $3.56 as Brent crude fell to $103.04, its lowest price since July.https://abcnews.go.com/US/wireStory/oil-falls-percent-gas-prices-dropping-18944278 Oil Falls 2 Percent, Gas Prices to Keep Dropping Associated Press ABC News April 13, 2013 Jonathan Fahey With economic problems worldwide leading to low demand, gas prices fell 3% in April, the most in a month in ten years, to the lowest level for that month since 2010.https://www.cnbc.com/2013/04/30/gas-prices-see-cheapest-april-in-three-years-aaa.html Gas Prices See Cheapest April in Three Years: AAA CNBC April 30, 2013 Javier David Before Memorial Day, when gas was $3.63,https://abcnews.go.com/Health/wireStory/gasoline-prices-familiar-summer-nears-23854802 Gasoline Prices Have Familiar Look as Summer Nears Jonathan Fahey ABC News Associated Press May 24, 2014 gas supplies fell even though oil supplies were the highest in 35 years. U.S. economic news was also negative. On May 30, Benchmark crude for July rose slightly to $93.61 after falling the previous day, and Brent crude fell slightly to $102.19.http://www.seattlepi.com/business/energy/article/Oil-rises-on-signs-US-economy-still-needs-stimulus-4561882.php Oil rises on signs US economy still needs stimulus Associated Press Seattle Post-Intelligencer May 30, 2013 dead https://web.archive.org/web/20130531135905/http://www.seattlepi.com/business/energy/article/Oil-rises-on-signs-US-economy-still-needs-stimulus-4561882.php May 31, 2013 On June 5 the price of oil rose again with supplies lower. Benchmark crude rose above $94. The price of gas was $3.62.http://www.chron.com/business/article/Oil-rises-as-US-supplies-of-oil-gasoline-drop-4579388.php?World_Business_News= Oil rises as US supplies of oil, gasoline drop Associated Press Houston Chronicle June 5, 2013 On June 12, the International Energy Agency said demand for oil would still rise in 2013, but not as much as previously believed due to the economy. Also, May OPEC production was the highest in seven months. Benchmark crude fell slightly to $95.31, and Brent crude rose to $103.27.http://www.stltoday.com/news/oil-price-rises-on-drop-in-us-supplies/article_542991f4-5a26-55cd-8bb3-6f004570919e.html Oil price down slightly on lower demand forecast Associated Press St. Louis Post-Dispatch June 12, 2013 On June 20, with the Federal Reserve stating that its stimulus program could end if the U.S. economy continued to improve, as well as economic problems in China, Benchmark crude fell below $97. Brent crude fell to $104.24.http://www.startribune.com/politics/national/212285101.html Price of oil down below $97 a barrel after Federal Reserve says stimulus pullback likely Associated Press Star Tribune June 20, 2013 Pablo Gorondi On July 10, oil prices were the highest in more than a year as a result of lower supplies and trouble in Egypt. In the past week, Brent crude had climbed 7% to $108.51. Because too much oil was being produced for the infrastructure to handle it, West Texas Intermediate was lower than Brent crude for several years; it has returned to being consistent with Brent.https://money.cnn.com/2013/07/10/news/economy/oil-prices/ https://web.archive.org/web/20130713050807/http://money.cnn.com/2013/07/10/news/economy/oil-prices/ dead July 13, 2013 Oil prices surge above $105, gasoline tops $3.50 CNNMoney July 10, 2013 Steve Hargreaveshttps://www.reuters.com/article/markets-oil-idUSL4N0FG11G20130710 Update 9-U.S. crude soars to 16-mth high; discount to Brent under $2 Reuters July 10, 2013 Anna Louie Sussman On July 5 it reached $103.22.http://www.businessweek.com/news/2013-07-08/wti-trades-near-14-month-high-as-u-dot-s-dot-stockpiles-seen-declining https://archive.today/20130712053521/http://www.businessweek.com/news/2013-07-08/wti-trades-near-14-month-high-as-u-dot-s-dot-stockpiles-seen-declining dead July 12, 2013 WTI Crude Trades Near 14-Month High Before U.S. Inventory Data Reuters Bloomberg Businessweek July 9, 2013 Grant Smith and Ben Sharples On July 19 with good economic news in the United States, Benchmark crude reached $108.05, while gas was $3.67, the highest on a Friday since March 22. Brent crude was at $108.07.http://www.seattlepi.com/business/energy/article/Oil-little-changed-near-108-pump-price-at-3-67-4674794.php Oil little changed near $108; pump price at $3.67 Associated Press Seattle Post-Intelligencer July 19, 2013 dead https://web.archive.org/web/20130720011442/http://www.seattlepi.com/business/energy/article/Oil-little-changed-near-108-pump-price-at-3-67-4674794.php July 20, 2013 Gas was $3.63 on August 1, though good economic news in the U.S., China and Europe meant oil was going up again after a decline the previous week. Benchmark crude reached $107.89, while Brent crude was $109.54.https://www.washingtonpost.com/world/the_americas/oil-price-pushes-toward-106-after-us-economy-shows-steady-growth-in-2q/2013/08/01/ae87cce8-fa6c-11e2-89f7-8599e3f77a67_story.html Oil rises nearly 3 pct. on global manufacturing strength and US jobs data Associated Press The Washington Post August 1, 2013 June 2021 medicmedic On August 16 Benchmark oil was $107.46 after six days of increases as Egypt's problems continued. The concern was access to the Suez Canal, which appears unlikely to be a problem but still concerns companies. Brent crude was $110.48 on August 19.https://www.cbsnews.com/news/oil-price-falls-as-stock-markets-stall/ Oil price falls as stock markets stall CBS News August 19, 2013 On August 28 West Texas intermediate reached $110.10, the highest since May 2011, and Brent crude reached $116.61, its highest point since February 19, due to concern about U.S. involvement in Syria. Meanwhile, inventories in the United States had their biggest increase in four months.https://www.bloomberg.com/news/2013-08-29/wti-oil-drops-from-two-year-high-u-s-crude-stockpiles-advance.html WTI Oil Falls From 2-Year High as Syria Strike Debated Bloomberg News August 29, 2013 Grant Smith Benchmark crude rose to $107.56 on September 11 due to lower supplies after dropping due to hopes for a peaceful Syria solution; Brent crude rose to $111.50.https://www.washingtonpost.com/world/middle_east/price-of-oil-drops-to-near-107-per-barrel-after-diplomatic-efforts-strengthen-over-syria/2013/09/11/475d49e4-1aa1-11e3-80ac-96205cacb45a_story.html https://archive.today/20130913043313/http://www.washingtonpost.com/world/middle_east/price-of-oil-drops-to-near-107-per-barrel-after-diplomatic-efforts-strengthen-over-syria/2013/09/11/475d49e4-1aa1-11e3-80ac-96205cacb45a_story.html September 13, 2013 Oil posts slight gain as market watches Syria Associated Press Washington Post September 11, 2013 dead Gas was $3.59 at the start of the month, but at the end of September, the price of gas was $3.39, the lowest for the time of year since 2010. The New York Mercantile Exchange price on September 27 was $102.87. Refineries had no hurricanes or other problems.https://abcnews.go.com/Business/wireStory/gas-prices-fall-weather-output-calm-markets-20400071 Gas Prices Fall as Weather, Output Calm Markets Associated Press ABC News September 27, 2013 Jonathan Faheyhttp://www.wrbl.com/story/23584915/gas-prices-have-fallen-29-days-in-a-row Gas prices have fallen 29 days in a row Associated Press WRBL October 1, 2013 Benchmark crude fell to $103.31 on October 3 after the U.S. government shutdown, and Brent crude was $109.https://www.washingtonpost.com/world/asia_pacific/price-of-oil-falls-below-104-per-barrel-after-report-shows-us-crude-inventories-rising/2013/10/03/607a17d6-2bef-11e3-b141-298f46539716_story.html https://archive.today/20131003222356/http://www.washingtonpost.com/world/asia_pacific/price-of-oil-falls-below-104-per-barrel-after-report-shows-us-crude-inventories-rising/2013/10/03/607a17d6-2bef-11e3-b141-298f46539716_story.html October 3, 2013 Crude oil slips below $104 a barrel as US government shutdown continues Associated Press Washington Post October 3, 2013 dead On October 21, Benchmark crude was $99.22, the first time below $100 since July. Higher supplies and fewer threats from the Middle East were the reasons. Brent crude was $109.64 and gas reached $3.35. http://www.tulsaworld.com/business/oilandgasactivity/oil-price-drops-below-for-st-time-since-july/article_5998c5a4-3a8e-11e3-b441-0019bb30f31a.html Oil: Price drops below $100 for 1st time since July Associated Press Tulsa World October 21, 2013 On November 13, Brent crude reached $107.12 and was $13.24 higher than West Texas Intermediate, the largest difference since April, due to trouble in Libya and sanctions against Iran. https://www.bloomberg.com/news/2013-11-13/brent-wti-crude-spread-gains-to-seven-month-high-on-libya.html Crude Rises as Fuel-Price Gain Spurs Demand for Oil Bloomberg News November 13, 2013 Mark Shenk On November 25, Benchmark crude decreased to $93.92 while Brent crude reached $110.41 after the agreement regarding Iran's nuclear program.http://longisland.news12.com/news/oil-prices-drop-after-iran-nuclear-deal-1.6490998?firstfree=yes Oil prices drop after Iran nuclear deal Associated Press News 12 Long Island November 25, 2013 On December 16, Benchmark crude rose to $97.44 and Brent crude reached $110.53 with good economic news from Europe and more Libya trouble. Gas was $3.23, three cents higher than a month earlier.https://abcnews.go.com/Business/wireStory/oil-97-europe-hopes-libyan-disruption-21234639 Oil Above $97 on Europe Hopes, Libyan Disruption Associated Press ABC News December 16, 2013 On December 27, due to a better economy in the United States leading to higher demand, oil closed about $100 for the first time since October. Gas was $3.27, two cents below a year earlier.http://www.newsobserver.com/2014/01/02/3500681/oil-prices-start-year-with-rise.html Oil price falls below $96 Associated Press News & Observer January 2, 2014 Pablo Gorondi See also 2014–2016 world oil market chronology 2017–2019 world oil market chronology 2020–2022 world oil market chronology 2023–2025 world oil market chronology 2026–2028 world oil market chronology References External links U.S. DOE EIA energy chronology and analysis Oil Price History and Analysis Category:Oil market timelines *