- March 5th, 2012
Crude Oil Declines in New York After China Lowers Economic Growth Target
Oil declined in New York, extending last week’s loss amid concern of slowing consumption in China after the country lowered its growth goal. ›
Oil declined in New York, extending last week’s loss amid concern of slowing consumption in China after the country lowered its growth goal. ›
Traders in U.K. natural gas are grappling with the most changeable prices in more than two years as investors weigh Britain’s growing dependence on imports and a waning ability to respond to surges in demand. ›
Oil traded near a nine-month high after United Nations inspectors in Iran were denied access to a suspected nuclear site, raising concern that tensions between OPEC’s second-biggest producer and Western nations may escalate. ›
The worst February cold spell Europe has seen in decades may last until the end of the month, leading meteorologists said, raising the prospect of further deaths and an extended spike in European spot gas prices. ›
Oil declined in New York on concern that Greece will fail to take sufficient steps to avert a default, threatening Europe’s economy and fuel consumption. ›
Oil traded near the highest level in three days in New York as speculation supplies from Iran will be disrupted countered concern that economic growth will slow. ›
Oil advanced in New York, trimming the biggest weekly decline in a month, as signs Europe’s debt crisis is easing countered indications a proposed embargo on Iranian crude will be delayed. ›
Oil rose in New York for the first time in four days as Venezuela said OPEC shouldn’t intervene to offset sanctions against Iran and European leaders are scheduled to discuss strategies for resolving their debt crisis. ›
Growing tension with Iran and a threat to global crude supplies may be dominating oil traders’ attention but a potentially bigger story is breaking on the demand side of the market. ›