OIL prices fell slightly in quiet Asian trade today, the day before an OPEC cartel meeting which has given traders hope that plunging crude prices may be nearing the bottom, analysts said.
New York's main futures contract, light sweet crude for January
OIL prices fell slightly in quiet Asian trade today, the day before an OPEC cartel meeting which has given traders hope that plunging crude prices may be nearing the bottom, analysts said.
New York's main futures contract, light sweet crude for January
WORLD oil prices neared $US70 a barrel in Asian trade today, extending gains after a cut in US interest rates powered a rally in global stock markets.
New York's main contract, light sweet crude for December delivery surged $US2.14 to $US69.64 a a
The rand has broken through the R10 to the dollar level, but Merrill Lynch and others are not convinced that the worst is over.
Old Mutual is investing R20bn into huge property developments in Johannesburg and Midrand.
The US Federal Reserve has cut
SINGAPORE:
Oil rose towards $70 a barrel on Thursday, building on its more than 7 per cent
surge in the previous session, after a US Fed Reserve interest rate cut led the
US dollar to its biggest daily fall in 23 years.
Asian stocks
markets
OIL prices edged higher in Asian trade today as investors worried a stalemate over the US government's bailout plan for the ailing financial system will further damage the economy, dealers said.
New York's main contract, light sweet crude for November
SINGAPORE: World oil prices rebounded
in Asian trade Wednesday, after the OPEC oil group announced it had agreed to
cut real output by 520,000 barrels a day, dealers said. In morning trade, New
York's main contract, light sweet crude for October
LONDON:
Oil prices dropped further on Thursday on falling demand for crude in the United
States, the world's biggest consumer of energy, amid a global economic slowdown,
traders said.
New York's main contract, light sweet crude for
November delivery,