Oil Price thread - Page 9

F2007 · #81 (**permalink**) 5th-November-2006, 03:04 PM

See new episode
Crude oil price: prognoses 2006/2006

F2007 · #82 (**permalink**) 5th-November-2006, 03:13 PM

See new episode
Crude oil price: prognoses 2006/2006

PETROLEUM PRICES FORECAST 2007

#83 (**permalink**) 17th-November-2006, 07:21 AM

Oil prices fell 4% on Thursday to their lowest point since November last year as traders grappled with conflicting market trends.

US light, sweet crude sank $2.50 to $56.26 a barrel, while Brent crude lost $3.07 cents to $58.54.

http://news.bbc.co.uk/1/hi/business/6155484.stm

agent orange · #84 (**permalink**) 5th-December-2006, 10:11 AM

The weakening dollar is increasing the chances of a cut in output by oil producers' group Opec at its next meeting later this month.

Ministers opted for the cut - which came into effect in November - to help stabilise prices after they fell from a peak of $78.40 a barrel in July to below $60 in October.

http://news.bbc.co.uk/1/hi/business/6207108.stm

reality · #85 (**permalink**) 9th-December-2006, 02:23 PM

I'd expect prices to stay around the $60 mark because oil supplies are pretty tight right now.

#86 (**permalink**) 12th-December-2006, 07:58 AM

Oil prices have fallen below $62 a barrel after mixed signals over whether the Opec producers' cartel would cut output for a second time this year.

US crude eased 45 cents to $61.58 a barrel by 1550 GMT, while Brent crude slipped 13 cents to $62.07 a barrel.

http://news.bbc.co.uk/1/hi/business/6169629.stm

the reporter · #87 (**permalink**) 24th-December-2006, 02:04 PM

Oil prices fell in light pre-holiday trading on Friday, but held above $62 a barrel as brokers weighed slower economic growth and expectations of a mild winter against the Organisation of the Petroleum Exporting Countries' (Opec) determination to tighten up worldwide supplies.

http://www.mg.co.za/articlePage.aspx...ews__business/

hoon · #88 (**permalink**) 2nd-January-2007, 09:30 AM

Global oil prices have fallen below $61 a barrel after the weekend hanging of Saddam Hussein did not spark widespread violence in Iraq.

http://news.bbc.co.uk/1/hi/business/6223965.stm

#89 (**permalink**) 5th-January-2007, 08:21 AM

Oil prices saw their sharpest drop in two years, shedding more than $2 a barrel as mild US weather led consumers to use less petrol and heating oil.

US light crude oil fell $2.73 to $55.59 a barrel in New York, falling by over $5 in two days. In London meanwhile, Brent crude fell $2.85 to $55.11.

http://news.bbc.co.uk/1/hi/business/6231879.stm

bruce · #90 (**permalink**) 5th-January-2007, 06:44 PM

Quote:

mild US weather led consumers to use less petrol and heating oil.

God bless global warming huh