Crude Oil About to Get Very Expensive

Crude Oil About to Get Very Expensive

Crude Oil Tumbles Below $65 as Equities Slump

May 20 (Bloomberg) -- Crude oil tumbled below $65 a barrel in New York for the first time since July as stocks fell and the euro weakened on concerns Europe will struggle to contain the sovereign-debt crisis. Bloomberg's Mark Crumpton reports. (Source: Bloomberg)

Bearish on crude; sell at current levels

In an exclusive inter with CNBC-TV18, Kishore Narne, Anand Rathi Commodities, discusses various commodities and gives his outlook going forward.

BP Announces Giant Oil Discovery In The Gulf Of Mexico

BP finds a giant oil discovery in the gulf of Mexico.
BP has made a giant oil discovery in the Gulf of Mexico, which analysts believe could contain over 1 billion barrels of recoverable reserves, reaffirming the Gulf's strategic importance to the industry.
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BP Announces Giant Oil Discovery In The Gulf Of Mexico


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The 150 years Oil legacy

Oil's 150-year legacy

150 years ago, the first successful oil well created a gusher that reshaped our world. CNN's Jim Clancy reports

Oil Speculators Under Fire

Oil Speculators Under Fire


Policy makers on both sides of the Atlantic launched an effort to crack down on what they called speculation in oil markets. The CFTC said it is considering tougher regulation of oil-futures markets and the U.K.’s Brown and France’s Sarkozy are calling for international action to curb volatility.

Shell settles Nigerian killings lawsuit

Royal Dutch Shell has been accused of supporting the execution and torture of protesters opposed to its operations in Nigeria during the 1990s.

As a lawsuit against the company over the issue was due to go to trial in New York, the oil company agreed to settle out of court, paying $15.5m to the families of executed activists.

Gas prices on the rise at the pump

Gas prices up hit $2.84 again
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Crude Oil prices hit $78 a barrel !!!

crude oil prices continue their rally amongst an explosion in commodities prices fueled by the fear of an American Hyperinflation but also but the massive purchasing by China on commodities in a move to dump the massive US Dollar reserve it has accumulated these last years with its trade with America , the greenback is heading for dire times according to high level investors and market analysts like Jim Rogers Marc Faber and Peter Schiff , all of them except this last already moved to Asia ...

Crude oil futures closed higher by nearly 3 percent, above $70 per barrel

Oil Tops $70 a Barrel

Crude oil futures closed higher by nearly 3 percent, above $70 per barrel for the first time in seven months Tuesday, hitting a new high for the year. The move higher was triggered by a falling dollar, and a report out of the Energy Information Administration forecasting higher crude prices.Natural Gas Gold Silver Platinum Palladium prices are all rising amongst fear of hyperinflation ...commodities also are rising fueled by massive purchasses from china which sees commodities as a safer to spend its massive amounts of accumulated US dollars thanks to its trade with America largely beneficiary to China

Crude Oil prices will Spike says Shell CEO

commodities and crude oil price is particular is may be about to spike , according to Dutch Shell CEO who was heard this morning saying to Bloomberg that ""The economy will turn, demand will come back and the overcapacity of supply will disappear", Jeroen van der Veer says. crude oil prices are how rising to about 68 dollars a barrel still low compared to last summer record high of about 150 dollars a barrel , it seems that there is a rush towards commodities and especially crude oil by countries like China eager to get rid of their mass of US dollar liquidity from fear of hyperinflation scenario , despite that the dollar is gaining ground lately , this is far from being a sign of economic recovery , we are not out of the tunnel yet say experts

Crude Oil Prices hit a record high of 70 Dollars a Barrel

crude Oil Prices Trade Above $70 To Close around 67 dollars a barrel , Oil prices explode again this past trading session amongst fear of hyperinflation the collapse of the dollar , China dumping massive amounts of dollar bills on the commodities and especially crude oil market and the arriving of the summer season which usually knows an increase in oil consumption...experts are reluctant in linking the soaring oil prices to the bottoming of the depression or a hypothetical economic growth...