Oil Report 28/08/09

By Sanjay Mistry
28 August 2009 @ 10:13 am EDT

Friday 28th August 2009

Crude declined sharply in early trading reaching an intraday low of $69.84, the lowest level in more than a week. Consequently the move attracted bargain hunters and the session finished with crude posting an impressive price rebound. The catalyst behind the recovery was based as usual on stocks flipping back into positive territory combined with a renewed weakening in the US dollar. However, despite the rebound the struggle to follow through in either direction was again the main feature in yesterday's price action.

Crude Oil

COMMODITY

LEVEL

CHANGE

ICE BRENT CRUDE - OCT 09

72.51

(+0.96)

ICE WII - OCT 09

72.49

(+1.01)

GASOIL - OCT 09

587.25

(+6.00)

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy