HomepageDirectoryGuideBlog

Exclusive Trading

Create the future you want! Learn to make money online. Visit our website and start today!  www.exclusivebizopps.com

Crude Oil Hits Four-Month High

Financial In Market By Freddie Mooche

REBCO (Russian Blend Crude Oil)... ABC TRADE SDN BHD This member has been verified. View this company's TrustPass profile now. crude oil(Senegal) We are trading company, we sell crude oil all over the world, any quantity, send us your Loi and the quantity you want....

Oriental Trading (AXcess News) New York - Crude oil hit a four-month high Friday, topping $68.10 a barrel for March delivery of light crude at $68.10 a barrel, up 91 centsin New York Mercantile trading. Crude for February delivery was last up 57 cents at $67.40 a barrel.

Crude oil is the world's most actively traded commodity. Because it serves various production needs as the primary raw material and energy source, it is often called he black gold Leading trade markets for crude oil are London, New York and Singapore. There are several grades of crude oil with respect to density and sulfur content.

Financial Forex Forex Software In London, Brent crude for March delivery was up $1.18 a barrel at $66.40. March contracts are the lead-in for closing trading on both New York and London commodity exchanges.

In 1999, Sudan began exporting crude oil and in the last quarter of 1999 recorded its first trade surplus, which, along with monetary policy, has stabilized the exchange rate.

Trading Following yesterday's audio tape by Osama bin Laden that warned of pending attacks against the United States, commodity traders pushed crude oil prices higher both in New York and London Friday. Adding to those fears are unsettled responses to Iran's threat to cut off oil production if IAEA investigators recommend UN sanctions against the world's fourth-largest oil producer. Militant attacks in Nigeria against oil production rigs have already delayed shipments by several days, adding to production shortage concerns in commodity trading pits globally.

Imports of petroleum products rose 5.2 percent in May compared to 11.5 percent April. While high, the cost of crude oil declined in May relative to April when crude oil traded over $75 per barrel late in the month. Petroleum prices rose 45.7 percent for the year ended in May.

Trading Financial System Natural gas prices climbed 38 cents at $9.29 per million British thermal units in New York.

(AXcess News) A cold winter weather streak in the U.S. is fueling higher heating oil prices in New York Wednesday as NYMEX traders eased heating oil prices higher .0105 cents at $1.847 a gallon by late afternoon after reaching $1.90 a gallon in early trading. Crude oil futures for December delivery were off 57 cents, but still over $60 a barrel at $60.80. Natural gas traded down 67 cent per thousand feet at $14.70 and gasoline was down .0049 cents at $1.641.

Day Trading Heating oil rose 53 cents per gallon to $1.85.

Forex Financial Trading The Unleaded gasoline was up .034 cents per gallon at $1.81.

Fortune Make Option Trading The market followed rumors that Iran had begun to transfer cash from foreign accounts yesterday in preparation for looming UN Security Council sanctions against the Middle East OPEC-member nation.

Science Of Financial Market According to Reuters, the Iranian central bank governor Ebrahinm Sheibani told the ISNA student news agency in Iran that it is transferring foreign reserves "wherever we see as expedient." AXcess News was unable to confirm Sheibani's alleged statement.

Future Trading In Nigeria, union oil worker representatives have said they are considering a complete withdrawal of workers from the Niger Delta region if security measures are not improved. Last week, four Shell Oil union workers were kidnapped and held hostage there.

Financial Sales Services The US Energy Department reported yesterday that crude oil inventories rose 2.7 million barrels for the week ended Jan. 13 and now stand at a total of 321.4 million. That's 12% above the year-ago level, the government data showed. But despite a rise in US stocks, traders were still bearish, taking into consideration lower production rates would could quickly reduce US inventories.

[ Comment, Edit or Article Submission ]

Share this:

Add To Del.icio.us Add To Reddit Add To Yahoo MyWeb Add To Google Bookmarks Add To Furl Fav This With Technorati Add To Newsvine Add To Bloglines Add To Ask Add To Windows Live Add To Slashdot Stumble This Digg This

More about:

Oct November 2008 Dec
Sun Mon Tue Wed Thu Fri Sat
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30            

Related Blog of Exclusive Trading on Sphere Exclusive Trading Blog on Technorati