|
|
November 30, 2009
by Elaine Frei
Oil prices were higher Monday after the US dollar weakened and tensions between the West and Iran escalated as Iran vowed to continue and expand its uranium enrichment activities and on the news that Iran is holding a UK yacht and five UK nationals who had been sailing the boat to a race.
January contracts for West Texas Intermediate crude were ...
November 23, 2009
by Elaine Frei
Gold hit $1,174 per troy ounce in morning trade in New York before December contracts fell back but still added $18 on the session to $1,164.80 per troy ounce on another decline for the US dollar.
The greenback was hurt by remarks this weekend from the president of the St. Louis Fed made it look like ...
November 19, 2009
by Elaine Frei
Crude oil prices fell Thursday as the US dollar strengthened and on declines in global equities markets.
December contracts for West Texas Intermediate crude were down $2.12 to $77.46 per barrel on the New York Mercantile Exchange while, with December contracts expiring at the end of floor trade on Friday, January WTI contracts dropped $2.05 to $78.05 per barrel on ...
November 18, 2009
by Elaine Frei
Crude oil prices were lower in early afternoon trade in New York after the US Energy Information Administration reported that US inventories of crude oil, gasoline and distillates all dropped last week.
The EIA said that crude oil stockpiles were down by 900,000 barrels in the week ending 13 November, while gasoline inventories dropped by 1.7 million barrels and ...
November 17, 2009
by Elaine Frei
Crude oil prices were up slightly Tuesday, held back by a stronger US dollar and questions about demand growth raised by new economic data from the United States that showed both industrial production and producer prices up less than expected last month.
December contracts for West Texas Intermediate crude were up 24 cents to $79.14 per barrel on the New York ...
November 16, 2009
by Elaine Frei
The price of gold set a new record Monday, ending $22.70 higher to $1,139.40 per troy ounce in New York after going as high as $1,140.70 per troy ounce earlier in the session as the US dollar weakened and equities markets saw gains.
Still, when adjusted for inflation, today’s price remained well below the $825.50 per troy ounce that ...
November 12, 2009
by Elaine Frei
Crude oil prices were lower Thursday after the US Energy Information Administration released its latest report on US stockpiles, which showed that crude oil stockpiles added 1.8 million barrels in the week ending 6 November, against an expected gain of a million barrels, as total demand for oil fell by 4.3 percent and gasoline consumption dropped 1.9 percent.
Additionally, gasoline inventories ...
November 11, 2009
by Elaine Frei
Gold prices hit a new high Wednesday, while most other metals also saw price gains.
December gold added $12 to $1,114.50 per troy ounce in New York trade after hitting a new high at $1,118.60 per troy ounce in electronic trade earlier in the day with some of the gains given back after the US dollar strengthened after being weaker ...
November 9, 2009
by Elaine Frei
Crude oil prices rose back over $80 per barrel Monday on a weaker dollar and on worries that Hurricane Ida, later reduced to tropical storm status, could cause supply interruptions as some oil companies cut production ahead of the storm as they evacuated some workers from offshore platforms in the Gulf of Mexico and kept watch at Gulf Coast ...
November 5, 2009
by Elaine Frei
The price of crude oil was lower Thursday on continuing worries about demand after a private consultancy said it thinks fuel demand will weaken as more energy-efficient cars are manufactured and more emphasis is put on the use of alternative fuels.
December contracts for West Texas Intermediate crude was down 84 cents to $79.56 per barrel near the close on the New ...
November 3, 2009
by Elaine Frei
Crude oil prices were up Tuesday after falling in early trade on indications from the UK banking sector that the recession might still have a way to go before it ends.
December contracts for West Texas Intermediate crude were up $1.35 to $79.48 per barrel on the New York Mercantile Exchange after going as low as $76.55 in early ...
November 2, 2009
by Elaine Frei
The price of crude oil rose Monday on new data which showed that manufacturing activity is expanding in both the United States and China and on a report from the National Association of Realtors that said pending home sales were up in September, raising hopes that fuel demand will rise.
At just a few minutes before the close of trade on the New ...
|
|
