Articles Tagged "stock"

Crude oil headed for $71.55 a barrel

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.

U.S Crude futures ended nearly 6 percent up

U.S. crude futures ended higher for a second day in a row on Thursday, latching on to surging stock markets and data showing U.S. jobless claims eased, spurring hopes that oil demand could improve. Jim Ritterbusch, president of Ritterbusch & Associates in Galena, Illinois, stated: The complex finished this short week on a strong note [...]

Crude oil dips nearly 30%

Crude oil dipped again on Monday amid demand worries with stock markets in the red. The drop took prices towards the $50 per barrel mark again. For full story, click here

Canada’s currency is little changed as crude oil fell

Canada’s currency was little changed as crude oil dipped and futures indicated U.S. stock indexes may open flat. Christian Lawrence, a currency strategist at RBC Capital Markets in London, said: The market is waiting for the U.S. open, to see where stocks are going to go. For full story, click here

Demand Set To Recover Soon?

The jump was all too clear. A surprise drop in U.S. oil inventories caused crude prices to jump 14 per cent on Thursday, in New York, powering a broad commodities rally that pushed copper and corn higher. The only noticeable drop was in gold, which closed lower for the first time in three days.

Dana Petroleum gains after operational update

Shares in Dana Petroleum gain 5.1 percent after the oil and gas producer says its average production for 2008 rose 29 percent to 39,400 barrels of oil equivalent per day (boepd), and its 2009 output is likely to be between 37,000 boepd and 41,000 boepd. For full story, click here

Benchmark: Troubled waters

Another rough day for investors this Monday. As it became clear that the American House of Representatives would reject the authorization law for the executive’s $700 billion financial sector bailout plan, commodities began to tank. Oil futures shed more than $10 of their value during the day, dropping to $96.37 per barrel.