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 a barrel, [...]
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 investors see sign of economic growth with higher oil prices.
“It is almost as if the market wants to see oil rally,” says Phil Flynn, senior market analyst at Alaron Trading, a commodities trading firm, because of its status as a bellwether for the market. “Short term, the market is hoping for [...]
Crude Investing News reports crude oil prices regained its momentum to about $45 per barrel.
However, some experts are of the view that this is not just speculation but real purchases driving the prices up.
China is said to be considering buying crude oil as part of its strategy to diversify holdings from US Treasuries. This is [...]
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 [...]
Nickel Investing News reports nickel price had minimum effect with the Federal Reserves rate cut.
On India’s Multi Commodities Exchange (MCX), Nickel December 2008 contract opened at Rs 475.90 per kg as compared to its earlier closing of Rs 481, tossed in the range of Rs 467.10-485.90 and was last traded at Rs 475.90, down 1.06 per [...]
Crude Investing News reports oil prices falling due to the strengthening of the US dollar though the global outlook is grim.
Governments, companies and investors think a prolonged recession or period of low growth is in the offing, and everyone should take note.
Keep in mind though that canned food and guns are among the few investments that will [...]
Gas Investing News reports the outlook for natural gas markets with the present global recession around the world.
Meanwhile, Russian Prime Minister Vladimir Putin has reassured the world by stressing that his country does not intend to form a natural gas cartel similar to OPEC. However, Russia will hold talks with Iranian and Qatari emissaries today (Wednesday) [...]
Crude Investing News reports instability in the financial markets causing crude prices to fall and the American Elections underway.
Along with OPEC production cuts and healthy company numbers, (both discussed below) the market is clearly disjointed. The tenor of discussions in the business pages and networks lately suggests that Yeats was right, and the centre cannot hold. [...]
Thursday, October 8, 2009
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