Posts Tagged ‘price’
June 3rd, 2010 | 
Author: The price of black gold world of work rose above the level of USD73 per barrel, at the close of trading Wednesday, (06/02/2010) local time. This brings benefits for the traders, due to the loss cleared seajk corrected early trading, traders said. As quoted from the AFP on Thursday (06/03/2010), for New York’s main contract, light sweet crude for July delivery, rose $ 1, 2004 to the level of USD73, 62 per barrel. Meanwhile, crude for London’s Brent North Sea for July delivery rose $ 1, 65 to USD74, 36.
Wall Street managed to turn up on Wednesday and European equities regained some of their losses as investors hunt action shares have fallen sharply on fears the euro zone debt and the global economic recovery. The Dow Jones Industrial Average rose 0.31 percent at the opening, a day after falling amid fears of new European bank problems and a decrease in growth in China, as well as cope with rising costs of the Gulf of Mexico oil spill disaster. Meanwhile, pending home sales rose for the third carrying the current month in April as home buyers rushed to sign the contract before the expiry of government’s tax credit
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Oil prices slumped back on the weekend trade. Just as the index of Wall Street, the cause is a case of fraud allegedly committed by Goldmand Sachs.
“In addition, several large companies also reported poor financial performance, as well as negative yag housing data,” wrote the Associated Press (AP).
At the close of trading Friday on the New York Mercantile Exchange, oil prices (crude) fell as much as $ 2, 27 and are dilevel USD83, 24 per barrel. While the price of Brent crude oil on the ICE futures exchange fell just 1.6 U.S. cents to the position of USD85, 99 per barrel. Read the rest of this entry »