All Entries Tagged With: "oil predictions"
Energy prices drop with gas supplies healthy
By CHRIS KAHN NEW YORK Gasoline markets showed the first signs this week that an extended rally in pump prices is nearing an end after 52 straight days of price increases. Gasoline futures started falling midweek after a government report showed that gas production and imports jumped during an extended rally in retail gas prices. [...]
Oil back above $72 as dollar slumps
By PABLO GORONDI Oil prices rose back above $72 a barrel Tuesday as investors picked up commodities after the U.S. dollar slumped on comments by Russian President Medvedev, who said the world needed new reserve currencies. Benchmark crude for July delivery was up $1.74 to $72.36 a barrel by mid-afternoon in Europe in electronic trading [...]
Oil falls below $72 per barrel
By CHRIS KAHN NEW YORK Benchmark crude for July delivery fell 64 cents to settle at $72.04 on the New York Mercantile Exchange, the first time oil prices have fallen in several days. In other Nymex trading, gasoline for July delivery fell 2.18 cents to settle at $2.0431 a gallon and heating oil dropped 1.59 [...]
Oil soars above $71, hitting 2009 high
VIENNA – Oil prices soared above $71 a barrel Wednesday to reach a 2009 high, as investors poured money into crude markets to protect themselves against the inflation risks posed by a weakening U.S. dollar. Oil, which typically trades inversely to the dollar, has more than doubled in price in three months as traders also [...]
Oil rises to above $69 as investors weigh outlook
Oil prices rose to above $69 a barrel Tuesday as traders brushed off concerns that the doubling of crude prices since March is out of step with a weak global economy. Prices also benefited from investors looking for a safe haven in commodities as the U.S. dollar lost ground against other major currencies. Benchmark crude [...]
Oil Falls Toward $68 From Seven-Month High
Oil fell toward $68 a barrel on Tuesday as prices slipped from a sharp rally to a seven-month high in the previous day. U.S. light sweet crude [US@CL.1 68.15 -0.43 (-0.63%)] fell. On Monday, it closed at $68.58 after hitting $68.68, the highest settlement and intraday prices, respectively, since early November last year on back [...]
The New Vauxhall Astra interior revealed
Quick tips and advice to wash your car like a pro
Audi Sportback concept car
The best from Tokyo's Motor Show
Aston Martin CygNET could come to the States.