Posts Tagged ‘International Energy Agency’
Gold and Oil News - June 29, 2011 23:56
Crude Oil moves in a Strong Bullish Rally on Expectation of Higher Demand
Crude oil futures jumped on Tuesday as investors and most of the analysts foresee higher global demand for oil due to sluggish US economy and Greece’s debt crisis. Crude oil futures contract for August delivery jumped 2.5 percent or $2.28 to $92.89 per barrel on New York Mercantile Exchange. The surge on Tuesday was the […]
Crude Oil Moves down as IEA announces to Release more Oil Inventories in to World Markets
Crude oil futures plunged on Thursday after the announcement of International Energy Agency to release 60 million barrels of crude oil to world markets to cover the global shortage. Crude oil futures for August delivery declined 4.6 percent or $4.39 to $91.02 per barrel on New York Mercantile Exchange. The respective contract touched the day’s […]
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