Oil Prices Rise as Middle East Clashes Continue
Oil – ABC News reports that on Friday crude prices surged as the Middle East Political clashes kept worries of oil supply disruptions.
Articles Tagged "crude prices"
Increasing Oil Production Pressures
Oil – International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.
Crude Prices Sag
Oil – Seekingalpha.com reports that oil fell below $82 a barrel owing the reports suggesting bigger-than-expected gain in US crude inventories.
Dollar Slides, Crude Jumps
Crude Investing News reports crude prices have jumped 34% this year. Oil rose for a second day on Wednesday, after an industry group reported U.S. crude stockpiles dropped for the second week in a row and the dollar declined. For complete story, click this link. Follow developments in resource mining and exploration for free. Sign [...]
Demand set to recover soon?
Heavy Oil Investing News reports the recent jump in oil price was caused by a drop in inventories. The rally in oil contrasted with the grim global economic picture. The U.S. Labor Department said the number of American workers drawing unemployment aid jumped to a record high of nearly five million, highlighting the deterioration in the [...]
Oil price drops on job losses
Crude Investing News reports oil prices fall as US employers cuts over half a million of jobs. It has been a roller coaster ride so far. In 1999, the price of oil hovered around $16 a barrel. In July 2008, it reached a peak of $147 a barrel. By the end of 2008, as most of the world [...]
Crude tumbles, gold slips, demand surges
Gold Investing News reports gold price have dipped to its lowest since September 2007. An adviser to President Mahmoud Ahmadinejad was quoted by Reuters as saying, “With the plans of the presidency…the country’s money reserves were changed into gold, so that we wouldn’t be faced with many problems in the future.” Before oil prices plunged [...]
Silver prices take a hit from Gustav
Silver Investing News reports silver futures fell to about $12.68/oz with a strong dollar and falling crude price. Oil is the main driver behind today’s commodity declines, says Frederic Lasserre, head of commodities research at Societe Generale. Oil installations in the Gulf of Mexico were spared the wrath of a Category 4 hurricane as Gustav weakened [...]
Copper still in a bull market?
Copper Investing News reports copper prices had a two week high with a weaker US dollar. Signs that China, the world’s biggest user of the metal, may have a refreshing demand picture as the Olympics close, added extra impetus to the dollar-driven ascent. Rising crude prices also contributed some what to the high through their [...]
