Tag Archives: oil price
The price of oil hits USD 97 per barrel
(Fox News) The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve’s latest views on the U.S. economy.
Benchmark crude for June delivery was up 16 cents to $96.87 per barrel...
High Oil Price Shooting in the Arm for Global Markets
Oil prices rise for a fourth month in a row, inspired by the Federal Reserve’s move last week to stimulate the US economy.
The Fed announced its third Quantitative Easing, a name dubbed for purchasing bonds, in a bid to boost economic growth.
Brent...
Oil Prices Plunge amid Slow Global Economic Growth
Oil traded near US$79 a barrel Friday in Asia, rising slightly after signs of slowing global economic growth triggered a sharp plunge in the oil price this week.
Benchmark oil for August delivery was up 51 cents to $78.71 a barrel in electronic...
Oil prices hit a 17-month low on China slowdown fears
Oil prices dropped to $98.06 in London – their lowest in 17-months on fears of waning economic growth in China.
US benchmark oil price was also lower, falling to 1.4% to $82 in early trade before recovering to $84.10.
Brent crude bounced...
Oil Price Spike—a Threat to the Global Economic Recovery
Analysts and policymakers are worried as oil price has gone up by 15% in 2012. The two main factors behind this are the unrest in the Middle East and the sanctions imposed against Iran.
Christine Lagarde, managing director of the International...
