Oil – Reuters reported that Brent crude oil has further declined almost 3% and has inched closer to $100/barrel on Monday, extending a 2-week selloff that has cut almost 10% off prices.
Articles Tagged "brent crude oil"
Oil – Reuters reported that Brent crude oil reached above $108 per barrel as concerns over the Cyprus debt crisis have eased. Signs that the US Federal Reserve will continue its stimulus programs have also helped Brent crude to recover from a 3-month low.
Oil – Reuters reported that crude oil for April delivery hit $90 a barrel , declining for a third consecutive session on indicators the oil markets in the US are amply supplied and on slowing economic growth in China.
Oil – Reuters reported that oil fell to its lowest in three weeks as demand for commodities weakened and investors are worried the United States central bank might scale back its program of putting liquidity to financial markets. As quoted in the market news: In Thursday’s session, oil prices fell another 2 percent, with London’s benchmark Brent [...]
Oil – Reuters reported that crude oil futures slumped on Wednesday, diving more than $2 per barrel as rumors about a hedge fund being forced to sell out positions across commodities spread.
Oil – Reuters reported that oil went up towards $119 per barrel as investors are evaluating the political situation in the Middle East and are now willing to take risks.
Oil – Reuters reported that Brent crude oil went up 1% Friday, and rose 3% for the week, as employment saw higher gains than forecast, based on the figures from the U.S. Department of Labor.
Oil – Reuters reported that Brent-US crude oil rose to $112 a barrel on Monday, as a result of a stronger gasoline and diesel market, a weak U.S. dollar, as well as investors weighing in on a statement from Saudi Arabia, which disputed claims that the country has altered its output policy.
Gold – Gold continued its three day run up $40 per ounce since the start of April. Driven by inflationary fears, political instability and high oil prices, the next key resistance level may be $1500 per ounce. However, as nations raise interest rates, gold may be headed for a correction.