Latest news about Oil
China Becomes Oil ETF’s No. 4 Holder, Buys SPDR Gold
Feb. 9 (Bloomberg) -- China Investment Corp. , the nation’s sovereign wealth fund, invested for the first time in the U.S. Oil Fund, an exchange-traded crude-futures fund, joining Morgan Stanley & Co. and Goldman Sachs Group among the top holders.
9 Feb 2010, 2:44 am | click here to view more
China Becomes Oil ETF’s No. 4 Holder, Buys SPDR Gold Trust
Feb. 9 (Bloomberg) -- China Investment Corp. , the nation’s sovereign wealth fund, joined Goldman Sachs Group and Morgan Stanley & Co. in investing in the U.S. Oil Fund, an exchange- traded crude-futures fund.
9 Feb 2010, 2:41 am | click here to view more
Iran Tankers Idle as Oil Declines Before OPEC Meeting
Feb. 9 (Bloomberg) -- Iran, OPEC’s second-largest crude producer, has at least three supertankers idling in the Persian Gulf, as oil prices decline five weeks before the group’s next meeting, vessel-tracking data show.
9 Feb 2010, 2:39 am | click here to view more
Abu Dhabi Will Award Almost $2 Billion in Onshore Oil Contracts
Feb. 9 (Bloomberg) -- Abu Dhabi, the largest sheikhdom in the United Arab Emirates, is set to award almost $2 billion in onshore oil service contracts as part of an effort to boost crude production capacity to 3.5 million barrels a day by 2018.
9 Feb 2010, 2:37 am | click here to view more
Crude Oil Rises Above $72 as Dollar Drops for First Day in Five
Feb. 9 (Bloomberg) -- Crude oil rose over $72 a barrel in New York, reversing earlier losses after the dollar fell on expectations that European central bankers will help Greece with its fiscal deficit.
9 Feb 2010, 2:30 am | click here to view more
Brunei Cuts Oil Prices on Reduced Refining Profits
Feb. 9 (Bloomberg) -- Brunei Shell Petroleum Co., the Southeast Asian country’s biggest oil producer, clip official selling prices for a second month, reflecting reduced profits refiners made from processing crude.
9 Feb 2010, 2:22 am | click here to view more
Oil May Hit $75 Then Revisit Lows: Technical Analysis
Feb. 9 (Bloomberg) -- Crude oil is poised to rise to $75 a barrel, recouping a week’s losses, before the market revisits chart support around $70, said National Australia Bank Ltd.
9 Feb 2010, 2:00 am | click here to view more
Oil Little Changed Below $72 After Paring Losses on Euro’s Rise
Feb. 9 (Bloomberg) -- Crude oil was little changed below $72 a barrel in New York, paring earlier losses after the dollar fell on expectations that European central bankers will help Greece with its fiscal deficit.
9 Feb 2010, 1:45 am | click here to view more
Oil, Copper, Sugar Are Top Commodity Picks, Morgan Stanley Says
Copper, crude oil and sugar are the top picks among commodities, with the three set to gain on increasing emerging-market demand and supply constraints as the global economy recovers, according to Morgan Stanley.
9 Feb 2010, 1:13 am | click here to view more
Oil below $72 in Asia amid economy doubts
Oil prices lingered below $72 a barrel Tuesday in Asia as investors remained uncertain about the strength of global economic growth and demand for crude.
8 Feb 2010, 11:07 pm | click here to view more
