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Daily Market Update, Monday, November 08, 2010
Oil prices were up on Monday, registering a sixth consecutive increase, reaching a two-year peak above $87 per barrel, on worries regarding inflation following the monetary stimulus of the Federal Reserve Bank in order to sustain oil.
read more... 09/11/2010
Further tensions with Iran’s nuclear activity.
Tensions over bomb making nuclear activity continue between Teheran and the U.S. as more companies abandon their activities in Iran each day due to pressure. Although earlier this year European major oil companies said they would not renounce to their activity in the country, four of them will retreat from Iran, announced Thursday the U.S. Deputy Secretary of State James Steinberg.
read more... 05/10/2010
Prices for crude are pushed up by flexible yuan
The prices for crude oil jumped on Monday over $78 per barrel after Central Bank of China let the yuan fluctuate freely against the dollar.
read more... 22/06/2010
The coal market in Europe
The coal prices decreased on Tuesday by 2 dollars as consequence of the sales made by several banks on Monday. According to traders and utilities, it was a necessity to reduce prices from the level of 100 dollars per ton for the punctual South African cargoes, because of the rapid increase.
read more... 29/04/2010