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Oil nears $80 after year of recovery

31-12-2009| Source:Reuters

Oil rose towards USD 80 a barrel on Thursday, poised for the biggest annual climb in a decade, a year after posting huge losses as the global economic crisis sapped demand.

Asia stocks set for near 70% gain in 2009

31-12-2009| Source:Reuters

The dollar hovered near 16-week highs against the yen on Thursday while encouraging US economic data helped lifted Asian stocks, which are poised to post a near 70% rally for the year.

Oil up for sixth day on stock draw, cold weather

31-12-2009| Source:Reuters

Oil rose on Wednesday for a sixth day as a mix of cold weather and declining US crude and fuel inventories lifted prices to near USD 80 per barrel, all but ensuring this year's gain will be the best

Crude trades above $ 79/bbl, gains 78% in 2009

31-12-2009| Source:CNBC-TV18

Crude prices were fairly volatile following a slightly less-than-expected draw in inventory data. Prices eventually rose above USD 79 a barrel.

Wall Street ends flat; Crude above $ 79


. Meanwhile, the greenback is at a 3-month high against the yen and on track for its best monthly gain against the euro.Crude prices were fairly volatile following a slightly less-than-expected draw

Oil up above $79 on fuel stocks drop, econ recovery

30-12-2009| Source:Reuters

Oil edged up above USD 79 per barrel on Wednesday, as falls in US fuel stocks during a cold winter and optimism over the global economy, countered a surprise rise in crude inventories and the firm

Commtrendz Research's best commodity bets for 2010  

30-12-2009| Source:CNBC-TV18

In an interview with CNBC-TV18, T Gnanasekar, Director, Commtrendz Research & Fund Management, discusses his commodity bets for 2010. He is bullish on nickel and crude.

Oil steady as crude stockbuild offsets fuel drop

30-12-2009| Source:Reuters

Oil held steady below USD79 on Wednesday, as bearish industry data showing a surprise rise in US crude inventories and the firm dollar, were balanced by falls in fuel stocks due to higher heating

China starts building 19mn bbl SPR base in Lanzhou

30-12-2009| Source:Reuters

China has kicked off building a 19 million-barrel government crude reserve base in the northwestern city of Lanzhou, planning to start operations in the second half of 2011, state media said.

Dollar gains 4.7% against Euro in December

30-12-2009| Source:CNBC-TV18

trading close to that crucial 78 mark.Meanwhile in the base metal pack, Copper surged past the $ 7300 per tonne mark on supply concerns. Crude prices steadied around the $ 79 a barrel mark

Wall Street ends flat amid light volumes; Dollar gains


gain of 0.3. However, the greenback eased back a bit by the end of New York trade. It is right now trading close to that crucial 78 mark.Crude prices steadied around the USD 79 mark as heating oil

Government: No immediate plan to up fuel prices

29-12-2009| Source:Reuters

Reuters, when asked to comment on the news report.India previously raised fuel prices by as much as 10 percent in July, when global crude oil prices were hovering at about USD70 a barrel. US crude

Crude gains on modest weakness in $, trades at $ 78.7/bbl

29-12-2009| Source:CNBC-TV18

Energy prices gained on the back of modest weakness in the Dollar. Crude settled at the highest level since mid-November in New York trade yesterday. It is trading close to the $ 79 barrel

Wall Street ends flat after a choppy session


supported gains on Wall Street early on it continued trading close to the 78 mark after 0.1% decline yesterday.Energy prices gained on the back of modest weakness in the dollar. Crude settled at the highest

Oil firms near $77 on equities, inventory draws

24-12-2009| Source:Reuters

Oil rose for a fourth day on Thursday, briefly touching a three-week high, as support came from equity gains and falls in oil inventories in key consumer markets.By 1139 GMT, US crude oil futures

Oil up above $77 on US crude stock drop, weak dollar

24-12-2009| Source:Reuters

Oil rose above USD 77 on Thursday, after surging more than 3 percent the previous day, boosted by the weaker dollar and a deeper-than-forecast drop in crude and fuel stocks in the world's top energy

Wall Street ends flat; Crude surges 3%


Disappointing new home sales lead to a decline on Wall Street. But a weaker dollar helped drive stocks back into the green. However, the rebound was resisted at intra-session highs.

Short Gold; targeting 16540/10 gm: Nirmal Bang


red candle, thus indicating a bearish view. Thus one can trade in the range of 322- 327.  Crude oil:  The counter was seen resisting the middle line of the Bollinger band but closed above 21

Wall St gains on +ve home sales data; S&P hits 52-wk high


.44, the most since September 4.The dollar's gains led to a selloff in commodities, crude slipped almost a percent but it is trading above the USD 74.The base metals too were impacted by the dollar's strength.

Chakib Khelil: OPEC to leave output unchanged

22-12-2009| Source:Reuters

OPEC oil producers, content with crude prices now near USD73 a barrel, will leave output unchanged at a meeting on Tuesday, cartel ministers said

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