December 31, 2009
Oil prices settled above 79 U.S. dollars a barrel on Wednesday as another weekly decline in crude and distillate supplies offset a strengthening dollar. U.S. Energy Department Energy Information Administration reported on Wednesday that during the week ended on December 25, crude inventories dropped 1.54 million barrels to 326 million barrels, slightly less than analysts [...]
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October 8, 2009
Gold climbed to a record for the second straight day on mounting concern that currencies will lose value, spurring demand for the metal to preserve wealth. Futures in New York reached $1,049.70 an ounce, the highest ever. Gold priced in euros, yen and pounds also gained. The dollar has slumped 5.9 percent against a basket [...]
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August 4, 2009
Oil prices extended rally to its one-month high on Monday as the dollar continued to retreat and U.S. manufacturing data showed a sign of recovery. Light, sweet crude for September delivery rose 2.13 U.S. dollars, or 3.1 percent, to settle at 71.58 dollars a barrel on the New York Mercantile Exchange. The contract touched an [...]
Tags: Barrel, Delivery Rose, dollar, dollars, For September Delivery, For September Delivery Rose, index, September, September Delivery, September Delivery Rose
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July 29, 2009
China will cut gasoline and diesel prices from Wednesday by 220 yuan (32.4 U.S. dollars) per ton, or by about 3 percent each, the National Development and Reform Commission (NDRC) announced Tuesday. A staff member works at a gas station in Hefei, capital of east China’s Anhui Province, July 28, 2009.(Xinhua/Li Jian) The retail price [...]
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June 24, 2009
Oil prices rebounded on Tuesday as the U.S. dollar weakened against a basket of major currencies, adding hedge appeal of commodities. Graphics shows the price of light, sweet crude oil in the past 12 months. Light, sweet crude for August delivery rose 1.74 U.S. U.S. dollars to settle at 69.24 dollars a barrel on the New [...]
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