Reuters reported that Brent crude oil went up 1% Friday, and rose 3% for the week, as employment saw higher gains than forecast, based on the figures from the U.S. Department of Labor.
Articles Tagged "london"
Reuters reported that oil prices went down Wednesday as U.S. fuel stocks went up. Gold and natural gas are also slipping.
Reuters reports that integrated oil stocks helped Britain's top shares end higher on Monday.
A rogue trader at the London office of PVM Oil Associates, the world’s leading broker of over-the-counter oil derivatives, is suspected of causing $10 million in losses. For full story, click here
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. 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.
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
It was a stock that people loved to hate. During the first half of 2008, investors cringed when they saw rallies in the price of oil. As crude surged to $150 a barrel last year, equity investors bemoaned the hit, and worried and gossiped about the outlook for consumer-oriented firms which would need to spend more on gas. Then the tide turned.
London Brent rise USD 2.98 to USD 48.37 a barrel on January 23rd 2009 and US crude settled up 2.80 at USD 46.47 per barrel. For full story, click here
World oil prices tumbled on Wednesday to strike a four-year low point in London in volatile pre-Christmas trade as economic gloom weighed on the market, analysts said. For full story, click here