FinFacts logo FinFacts 21 months ago

Markets News Friday: Euro falls from above $1.55; Oil price hits new record of above $105 a barrel in New York

In New York Thursday, the credit crisis moved back to centre stage as two big name financial forms defaulted on loan obligations and there was further grim data on the housing market. Full Article at FinFacts

Related Quotes

  1. Bayoil agents accepted an enormous amount of oil knowing it was going to have surcharges attached to it
    SOURCE: MSNBC 21 months ago
  2. I didn't think through all the consequences at the time and I'm sorry ... In my heart, I should have known it was wrong.
    SOURCE: MSNBC 21 months ago
  3. The strength in oil pricing smells of a bubble ... the oil market might be primed for a pullback ... At some point, some event will trigger financial players to exit oil as fast as they've got into oil.
    SOURCE: The Columbian 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
  5. Thus, as long as the weakness of the greenback continues to grab the headlines, speculators will continue to shrug off the supply situation
    SOURCE: The Columbian 21 months ago
  6. We don't see oil demand accelerating while the price has its foot on the throat of consumers
    SOURCE: USA Today 21 months ago
  7. The weaker dollar is still providing support for most dollar-denominated commodities, as they become relatively cheaper for foreign investors and with many using commodities as a hedge against inflation.
    SOURCE: Channel News Asia 21 months ago
  8. 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: The Columbian 21 months ago
  9. If the U.S. Administration was really concerned about the rise in oil, then its efforts would be better spent publicly defending the dollar rather than chastising OPEC
    SOURCE: The Columbian 21 months ago
  10. 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: The Columbian 21 months ago
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