Oil prices had their biggest gains ever on Friday, jumping nearly $11 to a new record above $138 a barrel, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell…
were catapulted close to record levels near 135 dollars per barrel on Friday as traders reacted to fresh weakness in the US currency after negative data on the American economy.
crossed 137 dollars a barrel Friday for the first time in New York and London trade, jumping more than nine dollars as the market reacted to a sharp decline in the dollar.
shot up more than $10 to a new record above $139 Friday after a major investment bank predicted a spike to $150 in the coming weeks and rising tensions in the
HINSDALE, Ill., June 6, 2008 (PRIME NEWSWIRE) — Voyager Petroleum Inc. (OTCBB:VYGO) (Frankfurt:DXD) is pleased to announce that it has entered into a factoring agreement with BLN Capital Funding LLC, for up to $1 million in purchase order, inventory and receivables financing. Management believes this credit facility will provide the working capital necessary to generate additional revenue by accelerating production at the Detroit facility. The company is marketing its eco-friendly, re-processing method for reclaimed used oil and working diligently to inform regional automotive and industrial customers in the Midwest of its processing capabilities.
suggesting it could raise interest rates. “We had a rally of something like $12 in about 24 hours. It makes no fundamental sense,” said Stephen Schork, an analyst and trader in Villanova, Pa. “With o…
Chevron will help Kazakhstan’s state oil company build a $1.5 billion pipeline from the nation’s biggest producing field to the Caspian Sea, …
In addition to towns and survivor camps downstream, the lake also threatens a key oil pipeline just 37 miles away that belongs to the state-owned China …
“Oil people are lost and confused,” said one Houston-based oil products broker, who cited high futures and lack of shipping on the Colonial Pipeline, …
A staggering 8.5+ % upward move in oil (to a new record near 139) followed yesterday’s already historic gains in the commodity and it promptly translated into a 2% gain in gold, a 2.6% fall in the Dow, and a near .80% drop in the dollar