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Jun 15, 12 •
2775 Views •
Market Commentaries •
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Comments Off on Crude Oil after the OPEC meetings
During early Asian session, oil futures prices are trading above $84.50/bbl with gain of almost 0.90 percent from yesterday’s closing. Positive trend in oil prices is seen driven by both fundamental and economic stimulus in the market. That said, the lower...
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Jun 14, 12 •
4575 Views •
Market Commentaries •
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Comments Off on OPEC Ministers Look at Production and Price of Crude Oil
Crude oil fell on Wednesday ahead of an OPEC policy meeting expected to leave the group’s production target unchanged, while weak economic data added to the bearish sentiment. Japan’s parliament is set to pass a special bill on Friday to allow it...
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Apr 3, 12 •
3825 Views •
Market Commentaries •
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Comments Off on OPEC March Figures Support Increased Production
Organization of Petroleum Exporting Countries (OPEC) oil output rose in March to its highest since October 2008 as higher supply from Iraq and further recovery in Libya’s production offset a drop in shipments from Iran. Supply from the 12 members of the...
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Mar 26, 12 •
4672 Views •
Market Commentaries •
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Comments Off on What Happens With The Price Of Crude Oil Separates From Supply And Demand
In recent years, we have witnessed the price of gasoline at the pumps diverging from its direct association to the price of oil. We also have witnessed the same with interest rates. In the US, most mortgages, personal loans, credit cards and consumer credit...
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Mar 12, 12 •
5699 Views •
Market Commentaries •
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The Organization of the Petroleum Exporting Nations ‘ is forecasting a flat market for oil due to slow growth in emerging nations. OPEC s’ latest monthly outlook projects world oil demand to increase by 900,000 barrels a day unvaried from its...
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Feb 23, 12 •
5083 Views •
Market Commentaries •
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Comments Off on Oil Hits A New Sterling Record On Iran Fears
Oil Hits A New Sterling Record On Iran Fears..But sshhh..Don’t Tell UK Motorists Feb 20, 2008 at 04:01pm New York: “The price of crude oil has scraped above the $100-a-barrel mark in recent months, but for the first time it actually closed above...