Archive for the 'Commodity Prices - Oil' Category
The Wall Street Journal 02-Jan-2009
By Carolyn Cui
The wild gyrations in commodities last year were a brutal reminder of how volatile and dicey this market can be, especially when the economy turns sour.
It was a classic boom-to-bust cycle. Prices that seemed to defy gravity in the first half had trouble finding a floor later in the [...]
January 5th, 2009 | Posted in Commodity Prices - Corn, Commodity Prices - Gold, Commodity Prices - Oil | No Comments
The Northern Miner 30-Dec-2008
By Ron Mandel
While TD Bank sees the commodities market starting to rebound in the second half of 2009, followed by more pronounced price increases in 2010, the World Bank believes that, over the long term, commodity prices will remain substantially below recent bull market highs.
“The commodity market boom has come to [...]
January 1st, 2009 | Posted in Commodity Prices, Commodity Prices - Copper, Commodity Prices - Oil, Commodity Prices - Silver, Commodity Prices - Steel | No Comments
The Globe and Mail, p. B12 378 words 12-Dec-2008
By Allan Robinson
The U.S. dollar tumbled yesterday between 1 and 4.7 per cent against the world’s major currencies and that could be good for U.S.-dollar-denominated commodity prices.
The main beneficiary of the swing during the past few days has been gold, which is once again trading above $800 [...]
December 15th, 2008 | Posted in Commodity Prices, Commodity Prices - Gold, Commodity Prices - Oil | No Comments
Business Spectator (Australia), 9:25 AM 10-Dec-2008
By Tom Doggett of Reuters
WASHINGTON - Global oil demand will contract for the first time since the early 1980s as world economic growth slows to a near standstill, the US government says.
The forecast for 2008 and 2009 is bad news for energy companies and oil producing nations that depend on [...]
December 11th, 2008 | Posted in Commodity Prices - Oil | No Comments
Dow Jones Newswires, 21:27 ET (01:27 GMT) 30-Oct-2008
By Elisabeth Behrmann Of DOW JONES NEWSWIRES
SYDNEY (Dow Jones)–UBS has slashed its 2009 commodity prices forecasts by an average of 37%, in line with cutting expectations for global growth to slow to 1.3% next year, from an earlier forecast of 2.2%.
That prompted considerable cuts to commodity forecasts for [...]
November 3rd, 2008 | Posted in Commodity Prices, Commodity Prices - Copper, Commodity Prices - Gold, Commodity Prices - Nickel, Commodity Prices - Oil | No Comments
Bloomberg, 14:28:56.440 GMT 27-Oct-2008
By Millie Munshi
Oct. 27 (Bloomberg) — The prospect of a “severe” recession has increased concern that demand will wane for industrial commodities, Citigroup Inc. said.
Copper and aluminum prices will slide into a “trough cycle” in 2009 as a drop in consumption creates a surplus of metals used in homes, appliances and automobiles, [...]
October 27th, 2008 | Posted in Commodity Prices - Copper, Commodity Prices - Oil | No Comments
The Calgary Herald, p. E1 1141 words 17-Oct-2008
By Deborah Yedlin
With oil prices tumbling below $70 US per barrel on Thursday — to their lowest levels since August 2007 — one might think the sky is falling. It’s equally tempting to start pointing fingers at all the elected officials who were crying for inquiries last July [...]
October 21st, 2008 | Posted in Commodity Prices - Oil | No Comments
The Toronto Star, p. B01 619 words 17-Oct-2008
By Lisa Wright
But global financial mess means consumers will pay even less to fill up Oil and metals prices tumbled yesterday and two key commodity indexes sank again - a hint of what’s to come, analysts say, as investors brace for earnings reports from resource companies next week.
While [...]
October 20th, 2008 | Posted in Commodity Prices, Commodity Prices - Gold, Commodity Prices - Oil | No Comments
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 27th, 2008 | Posted in Commodity Prices - Oil | No Comments
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 [...]
June 8th, 2008 | Posted in Commodity Prices, Commodity Prices - Oil | No Comments