Archive for November, 2009
Oil Recovers and Reaching over $76 a Barrel
Posted on30. Nov, 2009 by admin.
After a week in bearish trading, crude oil is beginning to recover some of its losses, and is currently traded at $76.60 a barrel. During last week’s session crude oil reached a 6-week low, and dropped to the 72.40 level.
Crude Oil dropped last week on speculations that Dubai World, the United Arab Emirates’ largest corporate [...]
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Crude Oil Slips to a Low Near $76
Posted on27. Nov, 2009 by admin.
Crude oil traded below $76 Friday, poised for a weekly decline on concern that the pace of fuel demand recovery in the U.S., the biggest energy- consuming nation, may stall. Prices fell as the U.S dollar strengthened against the EUR after Dubai’s attempt to reschedule debt spurred investors to seek the safety of assets perceived [...]
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Crude Oil Rises on Weak Dollar
Posted on26. Nov, 2009 by admin.
Crude oil rose today as the dollar dropped to a 15-month low against the EUR and a government report showed that U.S. fuel demand gained for a second week. Oil increased about 2.6% after the greenback retreated on the Federal Reserve’s signal that it will tolerate a weaker currency.
Expectations that consumers may once again want [...]
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Crude Prices Drop to Lowest Level since Oct. 14
Posted on25. Nov, 2009 by admin.
Crude Oil futures for January delivery fell nearly 2% Tuesday, settling at $76.02 a barrel on the New York Mercantile Exchange, the lowest settlement since Oct. 14. Crude Oil fell to $75.73 a barrel in electronic trading late Tuesday, down 0.4% after the American Petroleum Institute said U.S. crude stockpiles rose by 3.4 million barrels [...]
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Crude Prices Level Out
Posted on24. Nov, 2009 by admin.
In light of the weak dollar, oil was able to make impressive gains in trading yesterday. Prices approached $80.00, but amid concerns about demand and inventories, oil retreated from its gains and prices stabilized at $77.55. With the dollar apparently set to rebound, and U.S. stock markets set to wind down in the coming days [...]
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Oil’s Range Trading Continues; Tension in the Middle East Rises
Posted on23. Nov, 2009 by admin.
Crude Oil saw a rather volatile session during last week’s trading. By the beginning of the week, crude oil rose to $80.85 a barrel. However close to the weekend oil dropped back down, and reached as low as $76.80 a barrel.
Currently, oil is back on a rise, and a barrel of crude oil is traded [...]
