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Gold and Oil News - October 17, 2007 8:00
Commodity Roundup: Tin hits 9-week high
TINTHE Kuala Lumpur Tin Market (KLTM) hit a nine-week high at close yesterday, rising by US$650 to settle at US$16,500 per tonne, backed by strong demand from local buyers, dealers said. They said most traders were back actively in the market yesterday Read More…
Paulson has “no interest” in speculator bailout: report
Paulson has “no interest” in speculator bailout: report NEW YORK (Reuters) – Treasury Secretary Henry Paulson, defending an effort he spearheaded to stabilize credit markets, has “no interest in bailing out lenders or property speculators,” the New York Times reported on Tuesday. Source: feeds.reuters.com Futures drop on oil price NEW YORK (Reuters) – Stock futures […]
Oil sprints towards $88 (Reuters)
Oil sprints towards $88 (Reuters) Reuters – Oil thundered towards $88 a barrel on Tuesday, hitting a new record and extending a rally that has added eight dollars in a week on tight supplies, strong demand and tension in northern Iraq. Source: news.yahoo.com
Oil prices rise above record close on fears Turkey will attack Kurds
Oil prices rose above an overnight record close in Asian trading Tuesday to set a new high on fears Turkey will pursue Kurdish rebels into Iraq and disrupt oil supplies in the region. A weakening U.S. dollar, low U.S. crude inventories and increased Read More…
FTSE weakness runs into day two
The FTSE was lower for a second consecutive session as weakness in the financials pulled the index further from a seven-year high. After a drop of 1.3 per cent on Monday, the index lost a further 0.5 per cent to 6,613.6, a fall of 30.6 points. Read More…
Industrial output growth seen slower in September
NEW YORK (Reuters) – Growth in U.S. industrial output likely slowed in September, as the housing slump seemed to cool the manufacturing sector and the demand for big-ticket items, according to a Reuters poll of economists. Read More…
Stock index futures down before Wall Street open (Reuters)
Reuters – Futures on U.S. benchmark equity indexes were lower before the start of Wall Street trading on Tuesday, with eyes on earnings reports from heavyweights such as Intel as well as economic data. Read More…
Oil prices rise above record close
SINGAPORE –Oil prices rose above an overnight record close in Asian trading Tuesday to set a new high on fears Turkey will pursue Kurdish rebels into Iraq and disrupt oil supplies in the region.A weakening U.S. dollar, low U.S. crude inventories and Read More…
Oil surges near $88 a barrel
Oil prices rose to fresh records, with US crude near $88 a barrel and pushing gold to a new 28-year high as investors feared a spike in inflation Read More…
Oil hits new record near $87
SINGAPORE (Reuters) – Oil rose over half a dollar to its third consecutive record high on Tuesday, extending the previous day’s 3 percent rally amid fund buying triggered by tension between Turkey and Iraq and anxiety over winter supply. Read More…
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