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Gold prices surged to another new record Wednesday and other commodity prices also rallied as the dollar weakened. In what is becoming a nearly daily occurrence, investors backed away from the dollar, helping bolster demand for commodities, led by gold. Full Article at The Seattle Times
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Energy prices rose on Wednesday even as the amount of unused crude, gasoline and natural gas being placed into US storage rose again. By early afternoon, benchmark crude for January delivery rose $US1.10 to $US77.12 on the New York Mercantile Exchange. Full Article at The Age
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An oil pump works Friday, Nov. 13, 2009, in the Persian Gulf desert field of Sakhir, Bahrain. View Photo »
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We were finding every month there were wild variations between the sour crudes that were traded on the spot market for lifting in the U.S. Gulf Coast ... and the NYMEX or WTI priced (cargoes) at Cushing, Oklahoma
SOURCE: Houston Chronicle -
tool goes here Oil prices hovered around $76 a barrel Wednesday as a weakened U.S. dollar overshadowed a U.S. government report showing a less-than-expected build in U.S. crude inventories. Full Article at Centre Daily Times
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Wednesday, Nov. 25, 2009 CME Group/CBOT & CME: Regular closing times, open outcry and Globex sessions. Regular afternoon Globex opening times for Equity, Currency and Interest Rate products (for trade date Nov 27). Full Article at International Business Times
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Benchmark crude for January delivery fell a penny to $76.01 on the New York Mercantile Exchange. Full Article at Atlanta Journal Constitution Vendor
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A motorist pumps gas at the Super Petroleum gas station in Lawrence, Mass. , Wednesday, Nov. 11, 2009. Oil prices ticked higher Wednesday as OPEC said the world would consume more crude in 2010 than previously expected, and China said its economy improved. View Photo »
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Knowing the financial markets, I think that if there is even a slight hint of liquidity in the WTI contract fading, the Argus index could have a paper contract on the CME/NYMEX soon
SOURCE: Khaleej Times -
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(AP) Oil prices slipped below $76 a barrel Wednesday ahead of a government report expected to show a build in U.S. crude and gasoline stocks. Benchmark crude for January delivery fell 5 cents to $75.97 on the New York Mercantile Exchange. Full Article at CBS News
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NEW YORK, Nov. 25 (UPI) -- Crude oil prices regained some ground on the New York Mercantile Exchange Wednesday, climbing above $76 per barrel. The price dropped about 2 percent Tuesday after the Shanghai Composite index fell 3.5 percent Monday. Full Article at United Press International
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AP Photo
An oil pump works Friday, Nov. 13, 2009, in the Persian Gulf desert field of Sakhir, Bahrain.
View Photo » -
AP Photo
A motorist pumps gas at the Super Petroleum gas station in Lawrence, Mass. , Wednesday, Nov. 11, 2009. Oil prices ticked higher Wednesday as OPEC said the world would consume more crude in 2010 than previously expected, and China said its economy improved.
View Photo » -
AP Photo
Chart shows NYMEX light sweet crude oil monthly closing prices.
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AP Photo
Oil traders work in options pit, foreground, on the floor of the New York Mercantile Exchange Wednesday, Oct. 28, 2009. Energy prices slumped Wednesday after the Energy Department reported a higher than expected jump in U.S. gasoline supplies.
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AP Photo
Oil traders work in the options pit on the floor of the New York Mercantile Exchange Wednesday, Oct. 28, 2009.
View Photo » -
AP Photo
Oil traders work in options pit on the floor of the New York Mercantile Exchange Wednesday, Oct. 28, 2009.
View Photo » -
AP Photo
Oil traders work in the options pit on the floor of the New York Mercantile Exchange Wednesday, Oct. 28, 2009.
View Photo »
AP Photo
A motorist pumps gas at the Super Petroleum gas station in Lawrence, Mass. , Wednesday, Nov. 11, 2009. Oil prices ticked higher Wednesday as OPEC said the world would consume more crude in 2010 than previously expected, and China said its economy improved.
View Photo »
