After falling from $147 to $35 per barrel towards the end of last year, crude oil has once again gained and touched $45 per barrel on speculation that China's stimulus plan may spur demand for the commodity near term. However, some experts are of the view that this is not just speculation but real purchases driving the prices up.
Continue reading "The relation between gold price and oil price"
Friday, February 20, 2009
The jump was all too clear. A surprise drop in U.S. oil inventories caused crude prices to jump 14 per cent on Thursday, in New York, powering a broad commodities rally that pushed copper and corn higher. The only noticeable drop was in gold, which closed lower for the first time in three days.
Continue reading "Demand Set To Recover Soon?"
Monday, December 1, 2008
State-run Bharat Petroleum said it has entered into an agreement with Airwings Services, part of MoneyGram International, to offer international money transfer service in select retail outlets. For full story, click here
Continue reading "Bharat Petroleum outlets to offer money transfer services"
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Monday, March 9, 2009