The current global credit crisis and an over 63 per cent fall in crude oil prices in the last four months have resulted in oil companies drilling fewer wells in offshore areas. For full story, click here
Continue reading "Rig rates down by 10 per cent"
Friday, October 31, 2008
Prices extended gains after interest rate cuts in the United States and China, which boosted expectations of higher demand; Michael Davies, analyst at the Sucden brokerage, said: Oil futures were higher on the back of yesterday’s US and Chinese rate cuts, which should help boost economic recovery. The weakening US dollar amid the rate cut also boosted [...]
Continue reading "Oil prices advance post rate cuts in China, US"
Thursday, October 30, 2008
The prices rose above $70 a barrel for the f1st time in a week on speculation that the interest rate cuts in the U.S. and China may spur a global economic recovery and increase demand. Toby Hassall, analyst with Commodity Warrants Australia, said: The Fed delivered their expected rate cut and that’s another boost for the [...]
Continue reading "Crude Oil Rises above $70"
The Crude Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Friday, November 28, 2008