Crude Oil : Oil $107 a barrel due to fighting in Libya intensifies

Posted by Forexsq 1727 days ago (

Oil prices continued to set new post-recession highs Monday as forces loyal to Moammar Gadhafi pounded rebels near a key oil port in Libya. It's unclear how long the country's oil exports will be cut off, and traders prepared for a worst-case scenario in which world supplies would be under pressure for months.

Benchmark West Texas Intermediate crude for April delivery gained 52 ce

Commodities - Oil jumps above $102 a barrel

Posted by forex 1732 days ago (

 Oil prices rose near $102 per barrel Wednesday as fighting escalated in Libya and petroleum demand grew in the U.S.

Libya, a major oil exporter to Europe, has been embroiled in a civil war that has shut down oil production in many parts of the country. Forces loyal to Libyan leader Moammar Gadhafi used airstrikes in a battle against protestors for control of a key oil instal

Commodities - Gold prices shine on inflation outlook

Posted by Forexsq 1732 days ago (


Fund manager surveys and strategy reports talk alike about risk appetite returning to investors and developed market equities being the play of the day. However, after a pause in January, gold prices have been quietly inching up, before jumping to a record of $1,434.90 (Rs64,714) an ounce (28.35 gram) on Tuesday.

It is not hard to see why. As tensions

Oil - Crude Oil Tatget $100

Posted by Forexsq 1734 days ago (

Ahluwalia, deputy chairman of the Planning Commission, said the new budget's target to slash the fiscal deficit to 4.6% of GDP, a goal many economists deride as optimistic, is achievable even if oil averages USD 100 a barrel for the year.

Ahluwalia also said no decision had been made on when to submit diesel prices to market forces, a long-delayed move that would ease government's s

Crude Oil - Oil's Rise on Libyan Crisis

Posted by forex 1735 days ago (

As Libya's uprising keeps oil prices high, Europe's bill for imported oil could be even bigger this year than it was in 2008 when crude jumped to $147 a barrel, potentially endangering the continent's fragile economic recovery, the International Energy Agency's chief economist said in an interview.

The IEA's Fatih Birol said that if the price of European oil averages $100 a barrel

Gold - Will Gold Rate sees $2,000 ?

Posted by Forexsq 1740 days ago (

Gold is an "obvious beneficiary" of the troubles in the Middle East and North Africa, and there are many parellels with the highs of early 1980 after the second global price shock, when bullion hit $850 (U.S.) an ounce, said chief international economist Julian Jessop in London. Adjusted for inflation levels in the United States, that level of January, 1980 is equivalent t

Oil - Does an Oil Crisis Impact Dollar ? - ForexSQ

Posted by Forexsq 1741 days ago (

Oil prices are on the rise and everyone is talking about the possibility of $100 oil. Right now, the rise in oil is accompanied by a rise in the U.S. dollar but will this relationship last? Taking a look back at the two prominent oil shocks of the past four decades (1973 and 1979) and others beyond that, we see that the dollar eventually weakens.

1973 Oil Crisis: Initiall

Gold hits $1400 due to Middle East crisis spreads - ForexSQ

Posted by Forexsq 1742 days ago (

Gold prices jumped to near two month highs Monday as escalating unrests in the Middle East boosted its safe haven appeal while silver also hit the highest in recent history.

Spot gold was seen trading at $1396.24 an ounce at 1.30 p.m Singapore time while US gold futures for April delivery also climbed 0.6 percent to $1,396.60 per ounce, compared to Friday's settlement at $1,38

OIL FUTURES: Crude Oil traded 17 cents higher at $103.95 a barrel

Posted by forex 1746 days ago (


Crude futures were nearly flat Thursday as traders paused to evaluate whether new turmoil in the Middle East could disrupt oil supplies.

Light, sweet crude for March delivery recently traded 2 cents lower at $84.97 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 17 cents higher at $103.95 a barrel.

The protests in Iran

Gold fluctuates and Egyptian changes - ForexSQ

Posted by Forexsq 1749 days ago (

Gold fluctuated as investors weighed signs the economy is improving against political change in Egypt. Immediate-delivery bullion added USD 1.82, or 0.1 per cent, to USD 1,358.88 an ounce, after the prices gained 0.3 per cent and lost 0.2 per cent. Silver also rose 0.5 per cent to USD 30.07 an ounce. Egypt's ruling army council said it aims to hand power to a democratically elected governm

Oil to Rise 68% Under Barak Obama Budget - ForexSQ

Posted by Forexsq 1749 days ago (

Royalties paid to the U.S. by oil and gas companies for offshore production are forecast to increase 68 percent under President Barack Obama ’s 2012 budget.

Receipts will reach $5.97 billion in the year that starts Oct. 1, from $3.56 billion in 2010, according to the budget for the Interior Department released today. Obama also is proposing $25 million in fees from energy compani

Gold Focus on Silver Prices

Posted by forex 1751 days ago (

Gold Prices were relatively flat Friday as investor interest waned and interest gravitated toward silver.

Gold for April delivery was up 20 cents to $1,362.70 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded in a tight range Friday with a high of $1,369.70 and a low of $1,358.60. The spot gold price was adding $10, according to Kitco's

Oil drops as Mubarak resigns

Posted by forex 1752 days ago (

World stocks rallied and oil prices fell on Friday after Egyptian President Hosni Mubarak stepped down, bowing to escalating pressure from the military and protesters.

Prices of gold and U.S. Treasury bonds partly erased early gains as Mubarak's departure partially revived investors' appetite for risk. The U.S. dollar briefly pared gains, but remained strong against a basket of ma

Oil increase to $87 a barrel

Posted by forex 1754 days ago (

Oil prices rose above $87 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly fell last week, suggesting demand may be improving.

Benchmark crude for March delivery was up 47 cents at $87.41 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 54 cents to settle at $86.94 on Tuesday.

Gold Rises to $1,366 an ounce

Posted by Forexsq 1755 days ago (

The gold price spiked higher Tuesday morning, accelerating through the $1,350 level.  The price of gold , which has been mired in a trading range for the past four months, rallied $10.50 to $1,361.75 per ounce.  After oscillating between $1,300 and $1,400 for the past four months, analysts are debating whether a breakout is forthcoming. The continuation of easy monetary policies


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