Oil Has Biggest Weekly Decline in Three Months
Bloomberg reports that Oil fell, posting its biggest weekly loss in three months.
Continue reading "Oil Has Biggest Weekly Decline in Three Months"
Bloomberg reports that Oil fell, posting its biggest weekly loss in three months.
Continue reading "Oil Has Biggest Weekly Decline in Three Months"
Tuesday, June 8, 2010
Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Continue reading "Oil Prices Climb on Supply Concerns and Bernanke Comments"
Thursday, August 13, 2009
Oil levels were nearing levels that would likely prompt an increase in supply from the OPEC. Such an action would likely cause oil prices to drop. Furthermore, evidence of a bottoming out of the recession is still a bit patchy. The latest data on industrial production for some of the larger countries continues to remain negative.
Continue reading "Normalcy Trends Chase Higher Oil"
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Saturday, November 20, 2010