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Oil drops to near $73 in Asia after report shows US crude supplies jumped last week
13 hours ago ago from Gaea Times (by Simple Thoughts) Breaking News and incisive views 24/7
Oil drops to near $73 amid jump in US supplies SINGAPORE — Oil prices fell to near $73 a barrel Wednesday in Asia after a report showing unexpected growth in U.S. crude inventories cast more doubt on the recovery in the world's biggest economy. Benchmark crude for March delivery was down 53 cents at $73.22 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract jumped $1.86 to ...
Related contentOil Prices Rise as Dollar Weakens, Temps Fall | The Heat Zone
23 hours ago ago from The HEAT Zone - Heating Oil News & Information Blog - Save On Home Fuel Now
As of 8:54 am EST, the price of crude had climbed by 1.2 percent to reach $72.74 a barrel and the price of heating oil had increased by 1.4 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: No Change Morning projection (for Wednesday’s average price per gallon): Up $0.03 The dollar fell from its highest point against the euro in eight-and-a-half months, lifting the price of crude and heating ...
Related contentOil climbs above $72 in Europe as weakening US dollar offsets doubts about global economy (Oil-Prices)
22 hours ago ago from Oilweek Online
Oil prices rose above US$72 a barrel Tuesday as a weakening U.S. dollar offset concerns about the strength of the global economic recovery.By early afternoon in Europe, benchmark crude for March delivery was up 40 cents at $72.29 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 70 cents to settle at $71.89 on Monday.Traders often buy commodities such as oil as a hedge against inflation and a weaker ...
Related contentStocks, Bonds, Energies, + Metals
21 hours ago ago from Commodity Futures,Forex, and Options Trading News, Articles and Trading Strategies
Tuesday, February 9, 2010 Global equity markets are up sharply after reports that the Greek sovereign debt problems will be resolved shortly. Stock investors are driving up indices as confidence is being restored to the markets. Bargain hunters are also stepping in to take advantage of lower priced equities. Last night, the Dow closed under 10,000 for the first time since November 2009. Some read this as a bearish sign while ...
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21 hours ago ago from ETFDesk - Home
What is an Exchange Traded Fund (ETF)? ETF ETF Holding Holding Community Community Quick Find Quick Find Screener Screener Blog Blog ...
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Oil advances on Europe debt talk
1 hour, 3 minutes ago ago from CNN Money
Oil advances on Europe debt talk By Hibah Yousuf, staff reporter February 10, 2010: 7:55 AM ET NEW YORK (CNNMoney.com) -- Oil prices rose for a third consecutive session Wednesday amid optimism that a rescue plan for Greece and other debt-challenged European nations may be near. What prices are doing: Crude oil for March delivery rose 12 cents, or 0.2%, to $73.87 a barrel, extending Tuesday's 3% gain to $73.75 a barrel. ...
Related contentOil rises 3% on weaker dollar
17 hours ago ago from CNN Money
Oil rises 3% on weaker dollar By Hibah Yousuf, staff reporter February 9, 2010: 3:25 PM ET NEW YORK (CNNMoney.com) -- Oil prices extended gains Tuesday as the dollar weakened against the euro after concerns over Europe's debt crisis eased. What prices are doing: Crude oil for April delivery rose $2.56, or 2.6%, to $73.75 a barrel. After falling nearly 8% over three consecutive sessions, crude prices rose 1% Monday to settle at $71.89. ...
Related contentExxon Scramble In Ghana Shows Resource Access Still Uphill Battle - FOXBusiness.com
15 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Energy Tuesday, February 09, 2010 Exxon Scramble In Ghana Shows Resource Access Still Uphill Battle  By Isabel Ordonez Dow Jones Newswires  ...
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