Posts Tagged ‘Oil Price’

Oil Price is set to $50 US per Barrel after Bailout

Oil Crude prices rebound above $50 U.S. dollars per barrel, but then declined again on Monday local time, because traders consider the possibility of a decrease in OPEC production this weekend and continued economic turmoil. In New York, light sweet crude oil for January delivery ended at 44.51 U.S. dollars per barrel, down 1.77 U.S. [...]

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Oil prices plunged After Automotive Bailout U.S. Failed

The price of crude oil plunged on Friday, local time, after a bailout plan for the automotive industry so that the U.S. failed to heighten concern about slowing down on demand due to the global financial crisis bites. As reported by AFP, light sweet crude oil for January delivery fell 1.70 U.S. dollars to be [...]

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OPEC Tries to Save Oil Price from Worst

After made new record high $147 USD /barrel in July 2008, oil price has been declined more than 100 percent. Premium price is lowest in last 3 months in America after cut 53 cent. Oil price is predicted will go down below $40 USD/barrel as Global Financial Crisis result. Oil shipping contract in New York [...]

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Oil Price and Government Decision

After running high, Oil crude price now is lower than $80 per barrel. Amazing right! Why Oil crude price decline very significantly? Why? Congress had question to American Giant Oil Company about how much the real price for oil crude price, How much US to produce 1 barrel? And the answer was very surprising, lower [...]

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Oil Price Fluctuation on Tuesday

Low against major currencies, conflict on middle east and worried about oil stock and disturbing oil supply in Nigeria have been pushing Oil price upper $138 per barrel on Tuesday. The current price closes to new record high made on last week. Markets are worrying with King Abdullah statement last Sunday that they will increase [...]

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Who behind Uncontrolled Oil Price

When oil price became uncontrolled, more than half of populations are suffered. Expansions to find new oil mine is hoped to increase our stock.Who behind the uncontrolled oil price?
Many people suggest that running high oil price is caused by declined Dollar against major currencies. To day, oil price makes its new record again around $133 [...]

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