Articles Tagged "trade"

U.S Crude Oil Futures slipped further

U.S. crude oil futures slipped further in post-settlement trade on Tuesday, but stuck to the day’s range, after industry data showed that crude inventories surged much higher than expected last week. For full story, click here

Crude oil futures trading up $1.04

Crude oil futures are trading up $1.04 at $53.81 a barrel after receding $1.21 to $52.77 a barrel on Wednesday, when they slipped in reaction to the weekly oil inventory report. For full story, click here

Canadian Merger as Crude breaches $51 per barrel

The market in Toronto jumped significantly, in part due to the merger announcement between Suncorp (TSE:SU) and Petro-Canada (TSE:PCA). Petro-Canada was up 20 per cent at the end of the day and many of the other Canadian oil patch companies rose along with it. EnCana (TSE:ECA), Canadian Natural Resources (TSE:CNQ) and Talisman Energy (TSE:TLM) all closed up significantly.

US trade deficit fell to a six year low

US trade deficit sinked in January 2009 to the lowest level in 6 years as a deepening recession cut demand for imported goods at an even faster rate than for exports. The slump in imports was led by a 25.2% dip in imported crude oil, which fell to USD 11.9 billion in January, the lowest [...]

Crude oil closes near $45 a barrel

Crude oil traded near $45 a barrel, after rising in the past two days, as China plans to boost imports of commodities. Victor Shum, a senior principal at Purvin & Gertz Inc. in Singapore, stated: If these efforts to stockpile crude oil and oil products become a reality then it raises China’s apparent demand. For [...]

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade on Wednesday as the market looked for signs of demand in a weakening global economy. For more information, click here