Volatile oil prices threat to economy: Brown
Britain’s Prime Minister Gordon Brown has said that volatile oil prices remain a threat to the global economy. For full story, click here
Articles Tagged "rise"
Crude rises nearly 1 pc in futures trade
Crude oil prices rose in futures trading on sustained buying in line with a firming trend in overseas markets. For full story, click here
Oil steady near $51 after falling overnight
Oil prices were steady near $51 a barrel in Asia as investors weighed more bad economic news from the US that sparked a sell-off of crude overnight. For full story, click here
Crude rises nearly 1 pc in futures trade
Crude oil prices rose in futures trading on sustained buying in line with a firming trend in overseas markets. For full story, click here
Share prices of ONGC rose 3.7 percent
Share prices of ONGC rose 24 rupees, or 3.7 percent, to 675.10. India’s biggest explorer said oil will return to $100 a barrel, justifying its 1.4 billion-pound ($2.1 billion) takeover of the U.K.’s Imperial Energy Plc. For full story, click here
Benchmark: Things fall apart?
Along with OPEC production cuts and healthy company numbers, (both discussed below) the market is clearly disjointed. The tenor of discussions in the business pages and networks lately suggests that Yeats was right, and the centre cannot hold. Recession or recovery, echo boom or bust, few are predicting prolonged instability somewhere between these extremes.
Exxon Q3 profit rises 58 percent
Exxon Mobil Corp recorded rise in its quarterly profit beating estimates, on higher profit in its exploration and production business and improved margins in its refining unit. Mark Coffelt, head portfolio manager at Empiric Advisors Inc, said: Exxon is very good at what they do and they are too large a company to respond to gyrations [...]
Crude Oil Rises above $70
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 [...]
Oil rises to $64 in Asian trade
Oil bounced off a 17-month low on Wednesday in Asia as a rally in global stock markets boosted investor confidence. that the worst of a global economic slowdown and its impact on crude demand has been priced in. Gavin Wendt, head mining & resources research at consultancy Fat Prophets, said: Everybody is looking to Wall [...]
Crude oil rises as market speculates Opec will cut output
Crude oil rose for the 3rd consecutive day on signs that the OPEC will trim production to halt a 50 percent drop in prices since July this year. Nauman Barakat, Senior VP of global energy futures at Macquarie Futures USA Inc, said: The main reason for the rise is the impending Opec production cut is not a [...]
