Monthly Archives: February, 2011
Future Oil: Crude spikes over $ 2/Bbl In Mideast Unrest
Crude-oil futures spiked in Asia Monday, with prices rising more than $ 2 per barrel in early trading as investors grew more worried that political unrest in the Middle East would lead to disruptions in oil supplies. Oman ruler Sunday ordered a cabinet reshuffle following reforms and regional tensions and protests in two cities, while [...]
Gold may Rise, expanding fourth weekly Advance as Libyan Turmoil Spurs Demand
Gold may rise in London, extending the fourth consecutive week in advance, as the unrest in Libya marks the demand for the metal as an alternative investment. Gold is up 0.9 percent this week, heading for the longest weekly advance since October. Libyan leader Muammar Gaddafi will strengthen its defense of the capital Tripoli tanks [...]
Gold Futures Advance in response to political unrest in Libya
Gold futures gained in electronic trading on the Comex division of the New York Mercantile Exchange as the riots and political unrest escalates in Libya. Gold futures contract for February delivery slid 0.1 percent to $ 1,415 an ounce in Asian trading session on Thursday. The crisis and public clashes with the authorities in Libya [...]
CFTC precious metals: Funds Bet On Higher Gold, Silver Prices
Money managers added to their net long position in gold futures and options in the week ended Feb. 22, according to data released Friday by the Commodity Futures Trading Commission. This large speculative investors, including hedge funds, increased their net long position in gold for the third consecutive week. Traders in the category added 22,203 [...]
Petrobras CFO: Oil spike may lose steam, Brazilian state-run oil giant posts double-digit rise in quarterly profit
International oil prices could be as much $ 70 per barrel drop when the North African region and the Middle East see a calming of the civil unrest that has disrupted oil production in Libya, the chief financial officer of the Brazilian oil giant Petroleo Brasileiro SA said Friday. The front month crude contract earlier [...]