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01 Feb 2005 10:28 AM
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OPEC keeps oil prices close to $50 a barrel:
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Oil prices are likely to hover in the $40s and close to the $50 mark, as OPEC producers left the supply unchanged and are speculating about a possible cut in production in the second quarter.
March crude oil rose fell $0.30 to $47.90 a barrel.
At
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31 Jan 2005 08:37 AM
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OPEC decisions and Iraqi elections bring oil prices down:
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Iraqi elections that left no trace on oil production dragged the oil prices down in the biggest two-day drop in a month.
According to United Nations Secretary-General Kofi Annan, ``Current indications’’ are that Iraq’s election was a success
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27 Jan 2005 08:55 AM
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Oil prices push for $50 a barrel. OPEC will not cut quotas right now:
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Oil prices ended within dangerous proximity to the $50 mark on supply worries boosted by the fire in Louisiana, increased violence in Iraq, and speculation that OPEC might cut output. March oil rose $0.58 to $49.36 a barrel.
The U.S. government reported Wednesday a rise in crude stocks of 3.4 million barrels leaving the stockpiles at a
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26 Jan 2005 04:19 PM
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Update 1: Crude closed lower, but may break $50 a barrel in some days:
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March crude fell $0.86 and closed at $48.78 a barrel after the Energy Department said on Wednesday crude supplies rose by 3.4 million barrels to 295.6 million for the week ended Jan. 21.
Many
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26 Jan 2005 09:16 AM
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Crude fell but may later break $50 on disruption and expansion in China:
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Oil futures edged up Tuesday on worries about supply disruptions in oil-producing nations, refinery snag in the US and news of surging economic growth in China.
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25 Jan 2005 08:51 AM
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Oil prices unchanged, but threaten to arrive at $50 soon:
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Oil prices have started another upward climb, and may soon get at the wrenching $50 mark, where they can stick for a while.
March crude rose $0.01 to $48.82 a barrel.
Crude oil rose yesterday as cold weather increased demand for oil in the US Northeast, home to 80% of the nation’s
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24 Jan 2005 08:56 AM
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Crude oil hits 8-week high after Northeast snowstorm:
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Crude oil rose hit an eight-week high as cold weather increased demand for oil in the US Northeast, home to 80% of the nation’s heating oil users.
March crude rose $0.71 to $49.24 a barrel.
Meteorlogix
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22 Jan 2005 06:49 AM
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Fed officials indicate “measured’ rate hikes likely to continue:
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The Federal Reserve officials have indicated in a string of sayings on Tuesday that the US financial policy makers will continue to raise rates at the same measured pace as before.
Fed Governor Susan Bies said in Baltimore that with moderate inflation expectations and continuing economic
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21 Jan 2005 01:35 PM
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Oil prices rose above $48 as OPEC foresees more demand:
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Oil prices rose above the $47 mark on speculation that the cold weather in the US Northeast may last longer than expected, worries about unrest in Iraq, and increased demand growth forecasts from OPEC.
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20 Jan 2005 05:29 PM
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Wall Street favors oil traders and merger bankers:
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Wall Street paid its largest bonuses to specialists in commodity trading and mergers and acquisitions, the areas where the firms are making the most money.
Senior
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20 Jan 2005 10:10 AM
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Oil inventories build drags prices down:
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Oil prices dropped on the build in the US stockpiles and expectations of warmer weather in the US Northeast towards the end of the month.
February crude fell $0.71 to $46.84 a barrel.
The Energy Information Administration issued a report on Wednesday saying the US crude stocks added 3.4 million
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19 Jan 2005 11:21 AM
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Oil down on milder weather in the US Northeast:
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Oil prices declined after hitting a seven-week high but hovered above the $48 mark on the forecasts of milder weather following the spell of heavy frosts in the US Northeast.
The National Weather Service said that the end of the month could see a rise in temperatures despite a spell of
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18 Jan 2005 12:31 PM
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Oil at seven-week high as IEA frets over production:
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Oil prices hit a seven-week high hovering above $49 a barrel on the forecasts of colder weather, threat of disruptions in the Middle East, and predictions of higher demand.
February
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14 Jan 2005 08:59 AM
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Dollar moves up despite deficits as ECB keeps rates intact:
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The dollar was pushed up by the statement of the European Central Bank that repeated its stance that the brunt of dollar depreciation has to be born by Asian currencies as well as euro, adding to the pressure on the Asian governments to revaluate their currencies.
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14 Jan 2005 08:56 AM
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Oil hovers around 48$ on cold weather spell in the US:
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Oil prices settled over the $48 mark as a spell of cold weather in the US Northeast drove process to a 14% increase since the start of the year.
February crude rose $0.14 to $48.10 a barrel.
The oil price jump was caused in part by an 8% rise in gas prices due to colder weather in the US Midwest.
"This is a short-term reaction to what should be expected for weather conditions during winter," said Daniel Hynes
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