Archive | August, 2009

Crude Oil Recovers to $73 a Barrel

2009-08-31: Crude Oil Recovers to $73 a BarrelAfter starting last week with sharp losses, Crude Oil managed to recover and to resume towards $73 a barrel. Two main reasons led to Crude Oil’s recovery since mid-week. First, optimistic data from Germany and the U.S have increased speculations that demand for energy will rise. A very […] [...more]

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Crude Oil’s Appeal as Alternative Investment on the Rise

2009-08-28: Crude Oil’s Appeal as Alternative Investment on the RiseThe appeal of Crude Oil investments rose yesterday after the US Dollar weakened on thin trading, growing risk appetite, increasing demand for energy, and end of month investment shifting. As Crude Oil prices rose for the first time in 3 days, investors flocked to the commodity […] [...more]

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Crude Oil Drops to $71 a Barrel

2009-08-26: Crude Oil Drops to $71 a BarrelCrude Oil fell close to $3 a barrel during yesterday’s trading, to the lowest price in a week, seeing the first decline in six days. Crude Oil dropped from $75 a barrel to $71.20 on signs that reduced lending in China deceased demand for the world’s fastest-growing, energy-consuming […] [...more]

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Crude Tad Higher In Asia After Overnight Drop

SINGAPORE (Dow Jones)–Crude oil futures were nearly flat in Asia Wednesday amid mixed regional equity markets following an overnight selloff from 10-month highs. Light, sweet crude futures for October delivery were up 18 cents at $72.23 a barrel at 0619 GMT in the Globex electronic session. October Brent crude on London’s ICE Futures exchange traded […] [...more]

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Crude Oil Drops to $71 a Barrel

2009-08-26: Crude Oil Drops to $71 a BarrelCrude Oil fell close to $3 a barrel during yesterday’s trading, to the lowest price in a week, seeing the first decline in six days. Crude Oil dropped from $75 a barrel to $71.20 on signs that reduced lending in China deceased demand for the world’s fastest-growing, energy-consuming […] [...more]

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Oil Trades Near 10-Month High on Economic Optimism

2009-08-25: Oil Trades Near 10-Month High on Economic Optimism Crude Oil prices rose Monday, briefly touching their highest level in 10 months, as optimism about a rebound in the global economy boosted energy prices. The gains came alongside strength on Wall Street, where the stock market also briefly touched 10-month highs before pulling back slightly […] [...more]

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Oil Set to Hit $75 a Barrel?

2009-08-24: Oil Set to Hit $75 a Barrel?Oil recorded a good trading week overall, as the commodity now stands at $74.30 a barrel. Crude prices were helped by a number of different factors last week. Improvements in data coming out of the leading global economies did help. A weak Dollar last week also helped push […] [...more]

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Crude Prices Fall Despite Global Optimism

2009-08-21: Crude Prices Fall Despite Global Optimism Crude Oil finished trading at $72.14 a barrel yesterday, down $1.64, as investors felt that the commodity was overvalued. Therefore, they dropped the commodity, and put their money into even riskier assets. Traders dropped Crude for equities, as better than expected manufacturing data added to evidence the recession […] [...more]

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Oil hovers near $73 amid mixed US economic data

SINGAPORE — Oil prices hovered near $73 a barrel Friday in Asia as mixed economic data from the U.S. point to a slow recovery. Benchmark crude for October delivery was down 31 cents to $72.60 a barrel by late afternoon in Singapore in electronic trading on the New York Mercantile Exchange. On Thursday, the contract […] [...more]

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OIL FUTURES: Crude Tad Higher In Asia After Overnight Rally

SINGAPORE (Dow Jones)–Crude oil futures rose slightly in Asia Thursday, buoyed by a rebound in regional stock markets, after a sharp overnight rally on a surprise decline in U.S. oil inventories. At 0606 GMT, the New York Mercantile Exchange contract for light, sweet crude for September delivery, which expires today, traded at $72.57 a barrel, […] [...more]

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