Gold, Oil, Copper, Slump as Dollar Gains
Bloomberg reports that oil fell as the dollar advanced following an increase in American factory orders.
Articles Tagged "slump"
Oil Rebounds From Four-Week Low
Bloomberg reports that Oil rose, rebounding from a four- week low.
Economic Slump: 30% Dip in Haldia Dock Handling in April to May
BL announced that the diversion of crude oil traffic from Haldia to Paradip has started taking a toll on the former port’s throughput. For full story, click here
Oil Demand likely to fall for first time in 40 years
Crude oil prices may decline as low as $US40 a barrel in coming months as the global recession worsens and household demand weakens. For full story, click here
Benchmark:South of US$60
It is obvious that a barrel price below $60 on the NYMEX is bad news for oil companies. Part of the drop reflects a strengthening American dollar, but recent demand forecast revisions are bleak. Governments, companies and investors think a prolonged recession or period of low growth is in the offing, and everyone should take note.
Oil declines, OPEC Cut Won’t Be Enough
Crude oil declined, heading for its 4th weekly fall, as OPEC’s decision to cut output by 1.5 million barrels a day failed to ease concerns fuel demand will slump. Mike Wittner, head of oil-market research at Societe Generale SA, said: The market expected a cut of 1 to 1.5 million barrels a day, and it got [...]
