Tag Archive | "platts"

Dollar Slides, Crude Jumps

Wednesday, May 13, 2009

Oil rose for a second day on Wednesday, after an industry group reported U.S. crude stockpiles dropped for the second week in a row and the dollar declined. Oil has climbed 34 percent this year, tracking global equity markets on optimism that an economic recovery will spur demand for fuel. Additional support for crude prices came from the dollar, which fell to the lowest level against the euro since March, bolstering demand for commodities as a hedge against inflation.

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China’s March Oil Demand Almost Flat From Year Ago

Wednesday, April 22, 2009

China consumed 31.26 million metric tons of crude oil in March, down a minor 0.25% from the corresponding month of 2008, a Platts analysis of official data showed April 22. For full story, click here

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