- June 16th, 2011
Oil Climbs From Four-Month Low on Speculation Slump Exaggerated
Oil rose from the lowest in almost four months in New York amid speculation yesterday’s 4.6 percent slump was exaggerated and on signs Chinese demand will increase. ›
Oil rose from the lowest in almost four months in New York amid speculation yesterday’s 4.6 percent slump was exaggerated and on signs Chinese demand will increase. ›
Japanese power utilities and South Korean users bought a combined 6 million metric tons of liquefied natural gas in May, adequate to supply India for eight months, as oil cost almost twice as much as gas to burn. ›
Saudi Arabia’s cushion of spare oil capacity is thinning far faster than widely believed, threatening to trigger price spikes in the months ahead, energy industry experts warned today. ›
Could the plan to build the world’s most expensive natural gas pipeline turn out to be an elaborate bluff? ›
Oil traded near the lowest in almost a month on speculation fuel demand may falter as the U.S. economy slows, countering signs of rising industrial output in China, the world’s second-largest crude user. ›
Crude oil fell in New York and climbed in London, bringing the spread between the U.S. and U.K. benchmarks to a record, as supply disruptions in Libya and the North Sea bolstered demand for the European grade. ›
Oil rose the most in almost a week in New York as the dollar declined, boosting commodities’ appeal as an alternative investment, and Goldman Sachs Group Inc. and Morgan Stanley increased their oil-price outlooks. ›
Oil rose about $1 on Friday, taking benchmark U.S. crude futures back near $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar. ›
Brent crude rose above $110 a barrel on Monday on a weaker dollar and concerns over global oil supplies, after losing $16 last week in its biggest ever decline in dollar terms. ›
Brent dropped by as much as 0.5% today to stay below $115, as investors betting oil prices would rise with western involvement in Libya’s civil war took profits in anticipation of a slowdown in air strikes. ›