Morning Crude Oil Market Report for 4/6/2011
Crude oil prices were mixed during the overnight and initial morning hours, with solid gains in Brent crude oil and slight weakness in WTI. Some traders suggested that May crude oil
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Kenya Shilling Depreciates Most in More Than Week on Oil Bets
Kenya’s shilling depreciated the most in more than a week against the dollar as oil importers speculated crude prices will climb further and bought the U.S. currency to make purchases before the increase.
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Gold Prices Rise for 3rd Straight Day
Gold prices rose for the third consecutive session Monday, as equities were largely flat on Wall Street and investors sought safety as oil prices rose.
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Oil firms to lose Rs 174,126 cr on fuel sales in 2011-12
New Delhi, Apr 4 (PTI) State-owned oil firms will lose a whopping Rs 174,000 crore on selling fuel at government- controlled rates this fiscal, 68 per cent more than what they lost when crude oil touched an all-time high in 2008-09.
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World oil prices edged higher on Tuesday
World oil prices edged higher on Tuesday as international powers gathered in London to map out the future of Libya, a key exporter of crude.
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Asian stock markets up despite 30-month high in oil prices; US jobs report awaited
BANGKOK – Asian stock markets were mostly higher Friday as investors brushed aside a 30-month high in oil prices, turning their attention instead to a key U.S. jobs report and a weakening yen that boosted Japan’s quake-hammered exporters.
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Oil slides as rebels take Libyan ports
Oil prices slipped below $104 per barrel Monday after Libyan rebels recaptured some key oil ports and promised to resume exports. Prices, however, remain 22 percent above what they were in mid-February, when fighting in Libya squeezed off shipments that had supplied nearly 2 percent of the world’s oil.
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Oil below $104 as traders eye Libya, US economy
Oil prices hovered below $104 a barrel Tuesday in Asia as traders eyed gains by Libyan rebels seeking to topple Moammar Gadhafi and restart crude exports from the OPEC nation.
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How Oil Reveals Where the Next Bombs Will Fall
Where there’s unrest without oil, Western bombers will take a pass.
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Goldman Sachs Explains Why The Speculative Premium In Oil Is Actually Too LOW
Interesting findings from Goldman Sachs with regards to oil prices. This comes from a recent research report from their Commodities Research Team. In July of 2008 Goldman Sachs famously said the price of oil was not being distorted by speculators.
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