15 Mar 2005 05:49 AM

UBS CUT ASCENTIAL TO "NEUTRAL" FROM "BUY"

14 Mar 2005 03:47 PM

April crude fututres rose $0.52 and closed at $54.95 a barrel. April gold added $0.20 and closed at $441.80 an ounce.

14 Mar 2005 01:35 PM

The Dax Index added 6.81 points, or 0.16% to 4367.30, the FTSE 100 Index fell 8.30 points, or 0.17% to 4973.70, the CAC 40 Index slipped 0.63 points, or 0.02% to 4048.55. In

07 Mar 2005 09:17 AM

Oil prices have jumped to approach $54 on concerns about supply from OPEC. The cartel that accounts for 40% of the global oil output has signalled that quotas are likely to remain steady in the second quarter. “The market is well-supplied and global crude oil stocks have continued to build, now standing above their five-year average,’’ OPEC President Sheikh Ahmad Fahd al-Ahmad al-Sabah said today in an e-mail. OPEC is already

04 Mar 2005 08:32 AM

Today the prices were taken back to over $53 at $53.50 a barrel by the announcement of a possibility of a hike in OPEC production, made by Nigeria’s Presidential adviser on Petroleum, Edmund Daukoru. He said the agenda of the cartel’s March meeting will include the issue of whether to raise production or to keep it stable.

03 Mar 2005 08:29 AM

Oil climbed above $53 a barrel on Thursday on Texas refinery outages and worries about supply.

02 Mar 2005 09:17 AM

Crude oil fell slightly ahead of the US stockpiles report. The US light crude fell 7 cents to $51.68 per barrel, compared with a four-month record of $52.28 set on Monday. London Brent crude fell 6 cents to $50.00 per barrel.

01 Mar 2005 08:31 AM

Oil prices continue to rise boosted in the first place by the cold spell in the U.S. Northeast and Europe.

28 Feb 2005 08:20 AM

Oil prices have posted their sixth daily increase since Monday, edging above $52 on speculation that a cold snap in the US Northeast will exhaust the US stocks of heating fuels that are already below the norm. Currently, the U.S. inventories of heating oil are 7% below last year’s levels and stand at about 41 million barrels, which raises concerns about the depletion of heating oil reserves in the country that is its heaviest user.

25 Feb 2005 08:33 AM

Crude oil futures remain at a level around $52 after US Energy Department released data on the state of the US oil inventories.

24 Feb 2005 08:05 AM

The cold snap drove crude oil futures to another four-month high as the price shoved towards $52 on forecasts of colder weather in Western Europe and US Northeast.

23 Feb 2005 08:55 AM

Crude oil hovers around the four-month high of $51 a barrel. The price is slightly lower after OPEC signalled that it may take action if the price soars higher.

23 Feb 2005 03:29 AM

Japanese shares closed lower today on high oil prices and selling on the Wall Street. The Nikkei 225 fell 97.53 points, 0.84% to 11,500.18, the lowest level in two weeks. The TOPIX declined 0.82% and closed at 1,152.95. "The

22 Feb 2005 04:08 PM

The Dax Index fell 30.13 points, or 0.69% to 4323.21, the FTSE 100 Index declined 27.90 points, or 0.55% to 5032.90, the CAC 40 Index slipped 20.29 points, or 0.5% to 4002.33. In

22 Feb 2005 04:04 PM

March crude rallied $2.81, or 5.8% and closed at $51.15 a barrel, the highest level in 3 months. April gold rose $1 to $436.8 an ounce.