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Crude oil prices fall expected to prevent the high rise
Crude oil prices fall 3.3 percent after the IEA reported signs of an oil-demand “slowdown” in its monthly Oil Market Report today. The IMF cut its growth forecasts yesterday for the U.S. and Japan, two of the top three oil-consuming countries. Brent oil may drop more than $15 to $105 a barrel, Goldman said in [...]
Saturday, April 16th, 2011Asia Fuel Oil Fall as Refiners Losses From Turning Crude into residual Product
Asia fuel oil swaps fell as refiners’ losses from turning crude into residual products widened for the first time in six days. Gasoil’s crack spread, a measure of processing profit, extended a decline. Fuel Oil High-sulfur fuel oil swaps for February dropped $2.25, or 0.4 percent, to $538.50 a metric ton at 11:10 a.m. Singapore [...]
Saturday, January 22nd, 2011Oil rises above 75 US dollar as global equities rally Stock Market
Oil prices rose above $75 a barrel before midle of june 2010 in Asia as rallying stock markets. Benchmark crude for July delivery was up $1.33 to $75.11 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract dropped $1.70 to settle at $73.78 on Friday. Major [...]
Monday, June 14th, 2010