Oil leapt to a new record high above $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets helped to trigger a wider commodities rally.
How will this new leap impact prices at the pumps.
[…]
June 6, 2008
Friday’s one-day gain of $10.75 for crude oil was the biggest daily gain in history, and Thursday’s gain was the second biggest. This has pushed gasoline prices up over $4.00 gallon.
Last year at this time crude oil was around $66.00 barrel. Fridays close was a new record and put oil above $139.00 […]
Canadian Press via Resource Investor, 12:20 PM 22-May-2008
By Romina Maurino
TORONTO (CP) — Sherritt International Corp.’s [TSX:S] CEO says the company expects significant growth from its coal assets following its acquisition of Royal Utilities Income Fund, as high oil prices make coal an attractive fuel option.
“There is no way this country will leave 70% of its […]
Oil WTI Cushing $ 128.70
Gold N.Y. Spot $ 0926.60
Silver N.Y. Spot $ 17.84
Lead LME Cash $ 0.9671
Copper LME Cash $ 3.8075
Zinc LME Cash $ 1.0047
Nickel LME Spot $ 11.47
Aluminum LME Spot […]
More record oil prices…
Oil WTI Cushing $ 126.70
Gold N.Y. Spot $ 0903.10
Silver N.Y. Spot $ 17.00
Lead LME Cash $ 1.0433
Copper LME Cash $ 3.8397
Zinc LME Cash $ 1.0533
Nickel LME Spot $ 11.93
Aluminum LME Spot […]
Futures driven up by fears about oil supplies, weaker U.S. dollar
Associated Press
NEW YORK - Oil futures blasted to a new record near $123 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices edged lower, but appear poised to […]
Why you’re paying so much, and why you could soon be paying less.
By Doug Newcomb
Even with demand slackening, gas prices have continued to rise.
Filling up at the pump has become such a pain in the pocketbook that for the first time ever, gasoline consumption in the U.S. has stopped increasing. But even though America’s consumption […]
Barron’s 24-Mar-2008
By Andrea Hotter
It’s official. Commodity prices are no longer a safe one-way bet. Their resilience is waning as risk aversion takes the driver’s seat. Their saving grace? Investors are saying they’re still reluctant to be caught short.
Commodities prices have been in a tailspin as market participants began adopting the view that a fire sale […]
Bloomberg, 16:56 (New York) 20-Mar-2008
By Claudia Carpenter and Millie Munshi
March 20 (Bloomberg) — Commodities plunged, capping the biggest weekly drop in five decades, on speculation that slower global growth will curb demand for energy, metals and grains.
The Reuters/Jefferies CRB Index of 19 commodities tumbled 8.3 percent this week, marking the steepest drop since at least […]
Dow Jones Newswires, 12:02 ET (17:02 GMT) 26-Feb-2008
By Allen Sykora
Base and precious metals prices, along with oil, have “staying power” to remain at historically high levels for some time, underpinned by supply issues as well as demand from developing economies, Bart Melek, global commodity strategist with BMO Capital Markets, said Tuesday.
Melek addressed commodities during a […]
