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| Thu, 11 Mar 2010 09:49:25 +0000 Oil prices above $83 briefly on inventory report |
| Crude oil prices cruised to their highest level of 2010 Wednesday (March 10) morning, before quickly reversing, as speculators consider new data on the level of crude supplies released by the Energy Information Administration.
The price of a barrel of crude for April delivery reached as high as $83.03 early Wednesday morning as speculators applauded the new data that showed a 1.4 million barrel increase in crude last week for a 343 million barrel total inventory level.
According to the Platts survey of analysts, the expectation had been for 2.1 million barrels. ... Forex Rate - Forex and Exchange rates |
| Sat, 06 Mar 2010 23:57:24 +0000 Strong unemployment report sends oil prices to two month high |
| Oil is among the winners following the surprisingly strong unemployment report released by the government on Friday (March 5). Jobless claims and unemployment numbers both came in lower than expected for February according to the Labor Department.
US employers slashed just 36,000 jobs during the month of February compared to a forecast of 50,000. Unemployment held steady at 9.7 per cent compared to analysts predictions of a small increase to 9.8 per cent.
Friday’s data supports recent analyst comments that the economy finally is in recovery with a confirmation of ... Forex Rate - Forex and Exchange rates |
| Wed, 03 Mar 2010 22:39:05 +0000 Solid jobs data drives gold, oil prices higher |
| A positive report on jobs Wednesday (March 3) showed a slight increase in the number of employed workers in the US. This was a strong enough sign to prompt some analysts to suggest unemployment and a bad jobs market could be bottoming out.
The solid economic news was enough to drive oil prices higher despite the latest Energy Information Administration report that shows relatively high levels of crude stockpiles in the US. With more employed people, the market expectation is that demand by businesses and consumers for oil-based products ... Forex Rate - Forex and Exchange rates |
| Mon, 01 Mar 2010 14:38:05 +0000 The Pound falls hard again. |
| The news of a prospective Greek bail-out plan put together by France and Germany may well go some way to soothe investor concerns about a sovereign default in Europe and has gone some way to stabilising the Euro in the short term, especially against sterling which has undergone a torrid last 7 days.
Under the plan as much as €30bn worth of Greek debt would be purchased in the form of bonds, through their respective state owned banks, but there will be onerous strings attached as the Greeks will have ... Forex Rate - Forex and Exchange rates |
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