Posts Tagged ‘energy commodities’
Gold and Oil News - June 15, 2012 23:50
Crude Oil Jumps on OPEC’s Decision
Crude oil futures climbed on Thursday in reaction to expectations that US Federal Reserve would opt for more easing measures while OPEC decided to keep its production ceiling unchanged. The Organization of the Petroleum Exporting Countries announced that its collective production ceiling will remain flat at 30 million barrels per day. The production quota was […]
Crude Oil Ends at its Lowest Since October 2011
Crude oil futures declined on Wednesday and touched their lowest since October 2011. Investors were bearish on the crude oil in reaction to the Spain’s economic turmoil, lower Chinese demand outlook and stronger greenback. Crude oil futures contract for July delivery declined 3.2 percent or $2.94 to settle at $87.82 per barrel on the New […]
Crude Oil Slightly Gains on Bernanke’s Speech
Crude oil futures gained on Monday after the US Federal Reserve’s Chairman Ben Bernanke indicated possible chances of more easing in US monetary policy. On Monday, Bernanke expressed his opinion of fewer chances in sustainability in labor market improvements in the long run. Investors and most analysts interpreted further easing in monetary policy from Bernanke […]
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