Oil Posts Biggest Gain in Months on Weak Dollar
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"
WTI Advances to One Month High on Cyprus Bank Tax
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 Gain as Politics Stabilize in Italy, Greece
Commodities are gaining ground as Italy and Greece exert political leadership to get their finances under control. But worries about risks remain.
The Coal-Oil Market Connection
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.
What Makes an Oil Deposit World Class?
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.
Oil Prices Climb on Supply Concerns and Bernanke Comments
Oil – Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Gold Price Set For Shock & Awe
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 [...]
Advantage: Crude
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 oil headed for $71.55 a barrel
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 [...]
Oil Price Peaks And Slides
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 [...]
