Oil – Reuters reported that Brent crude oil futures posted their biggest gain since December as the US dollar weakened, drawing investors to commodities.
Articles Tagged "crude"
Oil – West Texas Intermediate crude rose to the highest level in almost a month as policy makers indicated flexibility on the application of a new bank tax in Cyprus.
Commodities are gaining ground as Italy and Greece exert political leadership to get their finances under control. But worries about risks remain.
Coal – With a rise in crude oil prices, the price of coal has tagged along for the ride, but will likely diverge in the long run.
Oil – Although there are more than 40,000 oil and gas fields of all sizes in the world, slightly less than 80 percent of the proven reserves are concentrated in eight countries, of which only Canada and Russia are not OPEC members.
Obama is likely to tax banks to recoup $120 billion. Crude prices peek above $80 a barrel. And the dollar is showing signs of firming. What do these signs foretell for gold? On Thursday morning, though gold price recovered to $1,138 in early trade, other issues came to the fore, vicious enough to [...]
Crude Investing News reports crude oil fell due to inventories. Inventories of crude oil dropped 978,000 barrels to 337.4 million, the report showed. A 2 million-barrel gain was forecast by analysts. Supplies are 10 per cent above average. Imports fell 4.6 per cent to 9.1 million barrels a day last week. At just under $70 [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]
Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]
Crude Investing News reports crude markets improves with merger of SunCorp and Petro-Canada announcement. The merger comes at a time when oil prices are coming off recent lows and Petro-Canada was trading around the $30 mark, or half the 52 week high of $61.85. The combined company will have daily production of approximately 680,000 barrels [...]