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Risk Aversion Dominates on Japanese Meltdown
March 14, 2011Global stock markets have slumped as investors become increasingly risk averse. The stock market in Tokyo has fallen by the greatest amount since 2008 and oil has been pulled back under $100 a barrel as speculators guess that production from the world’
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Oil Prices and the FX Conundrum
March 5, 2011I haven’t blogged about oil prices in quite some time. After prices collapsed in the wake of the financial crisis, there really wasn’t much to talk about. However, the price of crude oil has risen more than 50% since June, and it now seems to be at the forefront of investor consciousness. Currency market watchers, [...]
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Canadian Dollar Heads Higher with Help from Oil Prices
February 21, 2011Loonie gains in forex trading The Canadian dollar is heading higher in currency trading on the FX market today as oil prices help provide a boost. Oil prices are on the rise, thanks in large part to the unrest in the Middle East. With uprisings interrupting operations at oil fields in Libya and other countries, [...]
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Commodities prices held in check by stronger dollar
November 19, 2010Oil prices have seen restricted upward mobility and gold prices have fallen in lieu of a stronger dollar the last two weeks. The greenback has climbed higher against most major currencies and on the whole after the initial reaction to the Fed’
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Oil price gains halted as dollar gains
October 27, 2010Gains in the dollar have put a brief halt in a three-day run of gains in oil prices. Benchmark crude oil scheduled for December delivery currently (October 27) trades at $81.73 in early New York NYMEX trade. Current crude oil prices mark an 82 cent decline from Tuesday’
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Oil prices near $76 after US pipeline shuts down
September 10, 2010A shutdown of a major oil pipeline in Illinois combined with a bigger than expected drop in US crude inventories helped push oil prices for benchmark crude scheduled for October delivery to $75.65, up by $1.40 from Thursday’
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Squawk Box
August 20, 2010Discussing oil, markets and currencies, with Carl Larry, Oil Outlooks and Opinions; Boris Schlossberg, GFT Forex and Peter Yastrow, Yastrow Origer.
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Mondays Market Moves
August 2, 2010Insight on futures, with Kathy Lien, GFT Forex; Carl Larry, Oil Outlooks & Opinions; and Peter Yastrow, Yastrow Origer.
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Crude oil partially recovers from plummet
July 28, 2010FXstreet.com (Barcelona) – Crude oil futures quickly dropped after the EIA reported a surprise increase in inventories over the week, however have since made back some of those losses as equities firm towards the end of Wall Street. At time of writing the most active crude contract for September delivery trades at $76.80 a barrel, [...]
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Oil plummets nearly 2% on high inventories
July 28, 2010FXstreet.com (Barcelona) – Crude Oil for September delivery sank more than 1% on Wednesday, after the EIA released a whopping rise in oil stock piles for the period 19-23 July, up 7.3M / barrels compared to a previous 0.4M reading. Investors were spooked by the excess of supply, forcing quotes to go downhill at light [...]
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EIA Crude Oil stockpiles rise to 7.3M vs 0.4M
July 28, 2010FXstreet.com (Barcelona) – The EIA Crude Oil Stocks had a sharp rise to 7.3 M / barrels during the week ending in July 23. The data is unexpectedly high, if we take into account the previous number stood at 0.4M / barrels. The report indicates oversupply in US inventories, impacting negatively to Oil quotes, which [...]
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Oil prices below $80 as demand sluggish
July 27, 2010Oil prices are hovering just below $80 per barrel, at around $79 for September crude delivery in Tuesday’
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Oil prices below $77 per barrel
July 14, 2010Even though the Euro and Pound have been strong against the dollar this week, oil prices have fallen below the $77 level in Wednesday morning electronic trading on the New York Mercantile Exchange. One barrel of benchmark crude oil for August delivery is currently at $76.77, a 38 cent drop from Tuesday’
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Despite poor retail sales, oil prices near $75
June 11, 2010US retail sales dropped by the largest amount in eight months according to the May numbers released Friday (June 11) morning. This puts a bit of a brief damper on more upbeat economic news of late that has help keep oil prices propped up in the mid-$70s. US jobless claims numbers helped encourage investors this [...]
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Oil prices back above $73
May 27, 2010Crude oil prices climbed significantly early Thursday (May 27) morning in New York Mercantile electronic trading. After dipping below $70 for a few days thanks to European troubles and the BP oil spill, oil has returned to the $73 level based on speculator expectation for positive US economic news. While the top kill effort to [...]
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Oil flat at $70.00 overnight
May 20, 2010FXstreet.com (Barcelona) – Oil teetered along the market on Wednesday. After an initial attempt to target higher levels topping at $72.43, oil failed to hold sparking a strong reversal. The downside move found its lowest daily level at $68.25. At present, overnight trading led a minor rise with quotes snapping back up at $70.00 area [...]
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Oil below $80 after Euro fall
May 7, 2010Crude oil prices have been sinking this week with the plunge in the Euro resulting from serious concerns over the credit worthiness of major European economies including Greece, Spain, and most recently, Portugal. One barrel of crude oil fell $1.88 to $75.23 in mid-day New York Mercantile Exchange trade Friday (May 7). This is quite [...]
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Crude oil prices near $84
March 31, 2010Crude oil prices continued to gain on Wednesday (March 31) thanks largely to the falling dollar. The price of a barrel of crude oil for May delivery settled at $83.76 on the New York Mercantile Exchange. This was a gain of $1.39 or 1.7 per cent. Even more impressively, oil prices climbed a total of [...]