Malaysian crude palm oil futures may hit 3,000 ringgit if crude oil markets continue to surge, although he dipped to give a timeframe. For full story, click here
Continue reading "Malaysian Crude Palm Oil Futures may hit 3,000 rgt"
Tuesday, May 5, 2009
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.
Continue reading "Crude oil headed for $71.55 a barrel"
Wednesday, April 1, 2009
Crude oil surged, heading for its biggest monthly gain in almost a year, as equities rose and a weaker dollar enhanced the appeal of commodities. Jim Ritterbusch, president of Ritterbusch & Associates, stated: The fundamentals of the oil market have been shoved to the background as we focus on the stock and currency markets. For [...]
Continue reading "Crude oil set for biggest rise since May"
Thursday, March 5, 2009
As world crude prices rise, oil marketing companies are selling petrol at a loss, eliminating intense political pressure on the government to lower pump prices a third time ahead of the general elections. For full story, click here
Continue reading "Rise in Crude prices takes a toll on Petrol Sales"
Thursday, February 12, 2009
Total rose 0.5 percent to 40.30 euros in Paris. The stock slipped 32 percent last year. For full story, click here
Continue reading "Total rose 0.5 percent to 40.30 euros"
Wednesday, February 11, 2009
Crude oil for March delivery rose as much as 67 cents, or 1.8 percent, to $38.22 a barrel on the New York Mercantile Exchange. It was at $37.92 a barrel at 12:25 p.m. Singapore time. For full story, click here
Continue reading "Crude oil for March delivery rose"
Tuesday, January 27, 2009
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
Continue reading "London Brent rise USD 2.98 to USD 48.37 a barrel"
Saturday, January 24, 2009
Crude oil rose to a two-week high on speculation that stockpiles will decline as OPEC implements promised production cuts and investors purchased commodities as an alternative to stocks and bonds. For full story, click here
Continue reading "Crude oil rose to a two-week high"
Wednesday, December 31, 2008
Oil briefly topped $50 a barrel, boosted partly by expectations OPEC will agree on a deep supply cut this week to try to prop up prices. For full story, click here
Continue reading "Oil briefly rises above $50 ahead of OPEC"
Sunday, December 21, 2008
World oil prices were higher above 43 dollars on Monday in quiet pre-Christmas trade but weakening demand continued to weigh on the market, dealers said. For full story, click here
Continue reading "Oil prices higher above $43"
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Thursday, May 28, 2009