Gold and Oil News
Gold and Oil News - November 20, 2007 15:00
COMMODITIES-Extend losses as credit worries bite
‘People are dumping equities and commodities. It’s quite scary – the herd is rushing to exit.’ Gold dipped to its lowest in four weeks around $772.60 an ounce after twice failing to break above $850 in the past two weeks. Copper for delivery in Read More…
Oil Prices Drop to Near $94 a Barrel
SINGAPORE — Oil prices fell Tuesday as expectations that U.S. crude supplies rose last week offset concerns that OPEC would not increase output. ‘The market’s watching pretty closely what the U.S. crude supply will look like in the near term,’ said Mark Read More…
Crude prices rise on OPEC concerns
NEW YORK, Nov. 19 (Xinhua) — Crude prices rose Monday on concerns about whether OPEC will boost output. The possibility that OPEC will agree at a meeting next month to increase production appeared less certain after a weekend gathering of OPEC heads of Read More… SINGAPORE (Reuters) – Shanghai copper and zinc futures fell by […]
OPEC countries conclude brittle meeting
OPEC members have become deeply divided about whether oil should be used as a political weapon. Venezuela and Saudi Arabia, at the OPEC summit on the weekend, gave conflicting signals on subjects such as high oil prices and geopolitical aims. Venezuelan Read More… The Opec summit show is over and the performers have left town. […]
Will OPEC Convert their Cash Reserves?
Extract not available. Read More… Oil prices rose Monday with more talk among OPEC members about converting their cash reserves to the euro and away from the U.S. dollar. There is also doubt a possible OPEC output hike next month would get more supplies to market in time for the Read More…
Kalla Proposes Middle Road for OPEC
TEMPO Interactive, Riyadh: Vice President Jusuf Kalla has a proposed a middle road so that high oil prices can be enjoyed by Organization of Petroleum Exporting Countries (OPEC) members, but also not become a burden for developing countries. The way to Read More…
Oil prices rise to mid-US$94 a barrel on OPEC comments on depreciating dollar
SINGAPORE (AP): Oil prices rose Monday as some OPEC members talked about converting their cash reserves to the euro and away from the ‘worthless’ U.S. dollar.There is also doubt a possible OPEC output hike next month would get more supplies to market in Read More…
China minerals demand may wane – LME executive
China minerals demand may wane – LME executive SYDNEY, Nov 19 (Reuters) – China’s hefty appetite for raw materials may wane after next year’s Olympics as social and inflationary pressures curb investment, London Metal Exchange director Phillip Crowson said on Monday. Crowson, also a former Rio Tinto Source: c.moreover.com Oil Prices Rise to Mid-$94 a […]
Uncertainty hovers over OPEC summit
Cartel contends with politics, prices and its future RIYADH, Saudi Arabia – In September 1960, after the mighty Standard Oil of New Jersey dictated a cut in the price it was willing to pay for Middle Eastern oil, an angry group of leaders from the region Read More…
Gourmet chocolate exports lead to Australia’s first commercial cocoa farm
Extract not available. Read More…
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