crude oil prices

SKorea posts record current account surplus

Thu, 27 Nov 2008 04:21:05 -0600

South Korea posted a record current account surplus in October as imports decreased due to the sharp decline in crude oil prices, the Bank of Korea said Thursday.

Report: Russia may work with OPEC on output cut

Wed, 26 Nov 2008 01:06:41 -0600

Russia's energy minister said the country may coordinate oil production cuts with OPEC to help stem the slide in crude oil prices, media reports said Wednesday.

China's CNOOC says 3Q revenues up 69 percent

Wed, 29 Oct 2008 01:11:45 -0500

CNOOC Ltd., a unit of China's biggest offshore oil and gas producer, said Wednesday that its revenues soared 69 percent in the third quarter of the year, thanks to the surge in global crude oil prices.

Europe and Asia Follow Wall Street’s Rout

Thu, 16 Oct 2008 04:46:12 -0500

The rout in global stocks showed no signs of letting up, with markets in Europe and Asia plunging and crude oil prices tumbling on signs of a serious slowdown.

Crude Oil Prices Up More Than $16

Mon, 22 Sep 2008 15:27:49 -0500

Oil prices spiked as anxiety over the proposed bailout of the financial system battered the dollar and sent investors scrambling for safe-haven assets.

Crude Oil Continues Decline

Tue, 16 Sep 2008 09:11:10 -0500

Crude oil prices fell to $91.39 a barrel in early trading on Tuesday, after closing under the symbolic $100-a-barrel threshold on Monday.

Gold Tumbles to 2008 Low, Below $800

Tue, 09 Sep 2008 18:16:32 -0500

New York precious metals were violently battered downward Tuesday, as silver, gold and platinum lost 2.9 percent, 1.3 percent, and 6.7 percent, respectively. The metals followed crude-oil prices, which neared $100 per barrel on expectations OPEC would not reduce output and new forecasts showing Hurricane Ike's aim could miss major refining operations in the Gulf.

Gold and Platinum Drop Sharply with Oil

Tue, 02 Sep 2008 17:54:19 -0500

New York silver, gold and platinum all dropped sharply Tuesday, helped by falling crude-oil prices and a rally in the U.S. dollar. The latter was spurred along by furthering concerns over the economic picture in Europe and Asia.

Big squeeze hits Chinese oil giant PetroChina

Tue, 26 Aug 2008 02:38:44 -0500

PetroChina is expected to report that its first-half net profit fell by at least a third, analysts say, as losses in its refining business eroded gains from surging crude oil prices.

Stock Market Commentary for 8/25/08

Mon, 25 Aug 2008 00:00:20 -0500

This past week was highly eventful, with the DJIA losing about 400 points on Monday and Tuesday, but regaining about 300 points on Thursday and Friday. Crude oil prices moved in the reverse order, finishing with a drop of about 5 dollars back to 114 dollars a barrel on Friday.