Related Blog Posts
Oil climbs above $72 in Europe as weakening US dollar offsets doubts about global economy (Oil-Prices)
6 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 contentOil climbs above $72 in Asia as weakening US dollar offsets doubts about economy (Oil-Prices)
11 hours ago ago from Oilweek Online
SINGAPORE _ Oil prices rose above US$72 a barrel Tuesday in Asia as a weakening U.S. dollar offset concerns about the strength of the global economic recovery.Benchmark crude for March delivery was up 38 cents at $72.27 a barrel at late afternoon Singapore time 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 ...
Related contentOil Prices Fall Sharply as General Market Sells Off
22 hours ago ago from Asian Energy
Oil Market Summary for 02/01/2010 to 02/05/2010 After starting the week on a firmer note, oil prices fell sharply toward the end of the week in a general market sell-off as investors sought the dollar as a safe haven amid worries about European Union economies. Debt problems that have plagued Greece are now spreading to Portugal and Spain, driving the euro down temporarily below $1.36 and bringing the dollar to an ...
Related contentCrude Oil Expected to Hit $76 a Barrel
22 hours ago ago from Trade Crude Oil :: Bringing Oil Traders Together
2010-02-09: Crude Oil Expected to Hit $76 a Barrel The price of spot Crude Oil has apparently begun to mirror the consolidation movement of the US Dollar since Friday. The price of this commodity has begun to sit steadily near $71.50 and a number of analysts are calling for an upward price target near $76 in the short-run with longer-term expectations below $70 a barrel. Crude Oil's recent price movement has been less predictable than ...
Related contentOil izzzz wellll
17 hours ago ago from interim thoughts...
Global warming or no global warming, recession or no recession, oil prices will go up up up. Superb column by SS Aiyar in TOI . Do read this piece... How the world changes? Nearly a year ago , oil at 200 dollars per barrel was supposed to be the prediction made by those in Goldman Sachs. Then came the recession, prices crashed and happy days were here again. But now it looks like oil prices may be back up again and there is no recession. We ...
Related contentRelated News
Oil rises 3% on weaker dollar
1 hour, 37 minutes 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 content
