San Francisco Chronicle logo San Francisco Chronicle 21 months ago

Oil Steadies Above $105 After Record

Oil prices were steady Friday after jumping to a trading record near $106 a barrel in the previous session as the dollar's slide to new lows prompted investors to pump more money into commodities. Full Article at San Francisco Chronicle

Related Topics:

  1. OPEC
  2. Federal Reserve
  3. Citigroup

Related Articles

  1. Atlanta Journal Constitution logo
    Oil hits new high, dollar down to new low
    21 months ago

    NEW YORK (AP) — Oil prices jumped to a new record above $106 Friday but extended their recent pattern of choppy trading after a weak jobs report convinced many traders that the Federal Reserve's interest rate-cutting campaign will continue. Full Article at Atlanta Journal Constitution

  2. Houston Chronicle logo
    Oil steady in Asia after spiking to record near $106
    21 months ago

    SINGAPORE — Oil prices were steady today after jumping to a trading record near $106 a barrel in the previous session as the dollar's slide to new lows prompted investors to pump more money into commodities. Full Article at Houston Chronicle

  3. Zee News logo
    Oil hits record near USD 106 fuelled by weak dollar!
    21 months ago

    New York, March 07: Oil hit a record high near USD 106 on Friday (GMT), fuelled by the weak dollar and OPEC`s decision to hold crude output steady. Full Article at Zee News

  4. Santa Maria Times logo
    Oil Jumps to New Record on Dollar's Fall
    21 months ago

    NEW YORK - The surging price of oil reached another milestone Monday, jumping to an inflation adjusted record high of $103.95. Full Article at Santa Maria Times

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Related Quotes

  1. There are expectations that the dollar will go lower, and that's driving money into commodities ... Traders now have this mantra: sell the dollar and buy oil, or buy commodities.
    SOURCE: San Francisco Chronicle 21 months ago
  2. We have the speculative funds and investors betting that oil pricing will strengthen. On the other hand, we have the commercial players, who actually ship and use the oil, betting that prices will decline
    SOURCE: San Francisco Chronicle 21 months ago
  3. The dollar is going down again and hedgers are buying commodities and this is all adding fuel to the fire
    SOURCE: Zee News 21 months ago
  4. The dollar is continuing to slide, with the greenback reaching a fresh record low
    SOURCE: Channel News Asia 21 months ago
View all Related Quotes »
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Cast of Characters

  1. OPEC OPEC
  2. Federal Reserve Federal Reserve
  3. Citigroup Citigroup
  4. Goldman Sachs Goldman Sachs
  5. Phil Flynn
  6. Standard Poor's Standard Poor's