News from other websites on Crude Oil
Oil prices lose grip of gains ahead of U.S. data
May 16, 2013 at 11:42 | Source: Market Watch
LOS ANGELES (MarketWatch) — Benchmark U.S. crude-oil futures fell Thursday, retreating from gains that were earlier ushered in by an unexpected decline in weekly inventories. Crude-oil prices for June delivery (NMN:CLM3) lost 36 cents, or 0.4%, ...
Brent crude falls to $103 on weak US data
May 16, 2013 at 11:12 | Source: The Hindu BusinessLine
Singapore, May 16: Oil prices fell in Asian trade today as caution returned to the market following weak US production data, analysts said. New York’s main contract, light sweet crude for delivery in June, dropped 33 cents to $93.97 a barrel a...
Most Asia markets rise; Tokyo, Sydney drop
May 16, 2013 at 09:57 | Source: Market Watch
HONG KONG (MarketWatch) — Most Asian markets rose Thursday after key U.S. indexes clinched another record finish overnight, although Japanese stocks skidded as a firmer yen led investors to lock in recent gains despite strong economic growth data ...
Gold loses more shine as investors find gains in equities
May 16, 2013 at 09:56 | Source: The Hindu BusinessLine
Chennai, May 16: A rising dollar and fall in gold holdings in electronic format globally are set to drive gold further lower on Thursday on the domestic spot and futures markets. Overnight, the yellow metal plunged below $1,400 an ounce. Holdings in...
Easing inflation numbers spark rally in Indian markets
May 16, 2013 at 08:01 | Source: Economic Times
MUMBAI: Indian markets surged to their highest level since January 2011 after Reserve Bank of India (RBI) Governor Duvvuri Subbarao said in Germany on Tuesday that he will take 'easing inflation numbers' into account while taking future monetary pol...
Pre-market: Nifty seen opening soft; may test 6100 levels
May 16, 2013 at 08:01 | Source: Economic Times
NEW DELHI: The 50-share Nifty index is expected to open soft on Thursday tracking mixed Asian markets. Tracking the momentum, the index may test its key psychological level of 6100 in trade today. At 07:30 a.m., Nifty India stock futures in Singapor...
Easing inflation numbers sparks rally in Indian markets
May 16, 2013 at 06:51 | Source: Economic Times
MUMBAI: Indian markets surged to their highest level since January 2011 after Reserve Bank of India (RBI) Governor Duvvuri Subbarao said in Germany on Tuesday that he will take 'easing inflation numbers' into account while taking future monetary pol...
Inflation dip inspires stock rally
May 16, 2013 at 06:02 | Source: Calcutta Telegraph News
Mumbai, May 15: The Sensex soared 490 points today to close at a 28-month high of 20212.96 as the markets were agog with the anticipation of another rate cut next month after inflation measured by the wholesale price index (WPI) fell to 4.89 per cen...
New biomass-to-fuel process process developed
May 16, 2013 at 01:12 | Source: DomainB
One of the more promising roads to energy independence leads away from crude oil and into the forests and fields. For years, scientists have been seeking efficient means to convert non-food based biomass into fuels and chemical feedstocks, reducing ...
EU regulator raids oil giants over price manipulation
May 16, 2013 at 01:12 | Source: DomainB
The European regulator yesterday raided the offices of oil giants including Royal Dutch Shell, BP and Statoil over concerns that they colluded in manipulating the oil price benchmark for over a decade in the over $3 trillion-a-year global oil market...
Gold slips below $1,400; buying in India comes to a halt
May 16, 2013 at 01:06 | Source: Economic Times
NEW YORK/LONDON: Gold slid below $1,400 an ounce on Wednesday, losing two percent and hitting its lowest in nearly a month as a record rally in US equities and economic optimism undermined bullion's safe-haven appeal. The metal fell for a fifth stra...
Gold at four-week low under $1,400/oz on stronger dollar
May 16, 2013 at 00:00 | Source: FirstPost
LONDON (Reuters) - Gold fell for the fifth straight session on Wednesday, hitting a four-week low below $1,400 as the dollar strengthened to a six-week high versus the euro, clouding the metal's already weak technical picture.The metal extended losse...
Gold premiums jump after import curbs
May 15, 2013 at 23:45 | Source: FirstPost
MUMBAI (Reuters) - Premiums for physical gold in India, the world's biggest gold buyer, have jumped sharply this week due to limited supply after the Reserve Bank of India (RBI) restricted imports to rein in a record current account deficit.On May 13...
Nifty looks set to touch all-time high: Analysts
May 15, 2013 at 18:11 | Source: Economic Times
MUMBAI: The benchmarks took everyone by surprise today as they gained momentum and witnessed a massive rally, led by rate sensitives on hopes of interest rate cuts. Foreign institutional investors have turned bullish on Indian equities with improvin...
Oil futures retreat after French, German GDP data
May 15, 2013 at 14:52 | Source: Market Watch
HONG KONG (MarketWatch) — Oil futures let go of the gains they recorded earlier in the day and turned decidedly lower Wednesday, as the U.S. dollar strengthened after weak economic data from Germany and France. Crude-oil prices for June delivery (...
Demand for gold could rise on falling prices
May 15, 2013 at 10:02 | Source: The Hindu BusinessLine
Chennai, May 15: Gold may get a bit of its shine on the spot and futures market as buyers find the drop in its prices tempting. But with more investors cashing out of gold products and the dollar tending to gain, prospects for the yellow metal are c...
Oil ends below $95 as IEA details ‘supply shock’
May 15, 2013 at 04:47 | Source: Market Watch
SAN FRANCISCO (MarketWatch) — Oil futures settled below $95 a barrel on Tuesday after the International Energy Agency referred to the surge in North American production as a “supply shock” that’s sending “ripples throughout the world.” T...
U.S. stocks jump to record highs, dollar rises
May 15, 2013 at 02:30 | Source: FirstPost
NEW YORK (Reuters) - Wall Street stocks jumped to record highs on Tuesday on hopes steady U.S. growth will extend equities' stellar run, while a strengthening dollar fueled further losses in oil and gold.U.S. equities have risen the past three weeks ...
U.S. stocks power to record highs, dollar firm
May 15, 2013 at 00:15 | Source: FirstPost
NEW YORK (Reuters) - Wall Street stocks rose to record highs on Tuesday on hopes steady U.S. growth will extend their stellar run, while the strengthening dollar curbed the appetite for oil and gold.U.S. equities have risen the past three weeks, rack...
'No country today can fully be energy independent'
May 14, 2013 at 19:11 | Source: Business Today
OPEC's Secretary General Abdalla Salem El-Badri As OPEC's Secretary General Abdalla Salem El-Badri has a bird's eye view of the world's oil supplies. After all, his 12-member nations account for 80 per cent of global oil supplies, making it a powerf...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
