Crude Investing News reports Canadian deal with PetroChina will enhance its edge as a producer of heavy oil.
Prices of light, sweet crude on the New York Mercantile Exchange are currently trading at half their peak hit in July last year. This has led some producers, including Royal Dutch Shell PLC, to postpone oil sands projects as [...]
Crude Investing News reports crude prices look brighter with the positive economic outlook.
The oil market is bubbling over. Volatile at the best of times, the last year has been extraordinary even by those standards. When the price of crude came close to $150 a barrel, many thought the commodity was overpriced. And yet, some analysts [...]
Gold Investing News reports gold sector moves slightly higher this month.
In London, gold hit a three-month high on Friday, of $966.80 an ounce as the dollar fell towards a five-month low versus a basket of currencies, with worries over soaring government debt prompting investors to sell the safe-haven currency. Spot gold was bid at $966.40 [...]
Crude Investing News reports crude prices have increased with the positive outlook in the economy.
Prices were also supported by concerns of disruptions to African oil supplies as Nigerian militants threatened to block waterways used for energy exports and a fire at a Sunoco Inc. refinery in Delaware affected operations.
The June crude contract expires on Tuesday. [...]
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 labor [...]
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 fell [...]
Palladium Investing News reports as the dollar weakens with the settling of financial markets, palladiun rallied to about $169.50 per ounce.
Palladium and platinum have both taken big hits due to the health of the auto economy. In the US, between September 2007 and September 2008, car sales fell by 26.6 per cent, and the trends [...]
Wednesday, September 2, 2009
0 Comments