Friday, November 27, 2009
Oil falls below $73 on Dubai default worries creditors
Crude Oil prices sank to a 6 week lows , below $73 in New York on Friday amongst fears that Dubai could default the financial markets ,It is now reported that Dubai Debt May Be Higher Than $80 Billion, the dollar jumped as investors started selling commodities and moved to safer assets.
U.S. crude for January delivery was $73.70 a barrel on the London-based ICE Futures Europe exchange, but nearly 5 percent below Wednesday's settlement. There was no settlement price on Thursday because U.S. markets were closed for Thanksgiving.
Source : Presse agencies
Tuesday, November 24, 2009
Bank of America Hikes S&P, Oil Forecasts
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Monday, November 23, 2009
Cheap Oil Stocks - Global Energy Fund
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