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Oil Archives

Dollar fell to 3-week low as Oil surged reord high and US stock dropped - Jun 30

The Dollar fell to three-week lows against the Euro on Friday, dented after Oil prices surged to a record high, data showed US consumer sentiment hit a 28-year low and Wall Street stocks extended their slide. Jun 30, 2008 11:45AM

Top of The Year

A fresh rise in crude oil to a new record of above $143 supplied the fuel for gold to test the previous mid-May $935 resistance level and bring it to within $10 of getting back on track for a possible recapture of the four-digit target once again. Jun 30, 2008 11:18AM

The Oil prices set 3-weeks dollar weakness against the euro

The new business week start in flat trading. On Friday the euro/dollar hit 3-weeks high as Oil weights. The dollar will remain under pressure today due too the situation on the energy market where the oil is ready to set new record. Jun 30, 2008 1:25AM

Energy Laggards

With oil cruising above $140 per barrel and natural gas at its highest levels since late 2005, it’s hard to imagine that there could be any energy-related sectors that aren’t flying higher. Jun 28, 2008 9:39AM

Save a Buck

New York gold followed up on yesterday's buy stop-infused marathon with a $12 gain to just under $930 as the greenback was still slipping (at 72.32 on the index) and oil was still ahead by $2.41 at $142.05 per barrel. Current Jun 28, 2008 9:32AM

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