Articles Tagged "purchase"

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 [...]

Gold Price Soars, Then Slides

Gold Investing News reports gold price rallies with news of global pandemic flu spreads. By Tuesday however, gold slipped below $900 for the first time since Thursday. It jumped to its highest since early April at $918.25 on Monday. Fears of a global swine flu pandemic grew with new infections in the United States and Canada [...]

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 [...]

Wave of optimism spreads over copper market

Copper Investing News reports copper price has risen to about 28% as compared to last year’s fall of 54%. China’s State Reserve Bureau (SRB) purchases are the main reason copper has been so resilient this year. Now, rumour has it that China will purchase even more of the industrial metal for its stockpiles. The SRB [...]

Aluminum producer’s squeezed

Aluminum Investing News reports aluminum prices remain low while its producers’ cutbacks have made no effect on its price. Aluminum’s low price, in conjunction with the lack of equity to keep operations running is squandering producer’s stock value. Alcoa Shares fell to a 52-week low on Thursday on the New York Stock Exchange, down 97 [...]