Philip Chua Business Blog

Posts Tagged ‘oil prices’

(SINGAPORE) Gold prices continued to head south yesterday, with some analysts predicting more selling pressure in the coming weeks.
The yellow metal retreated after the US dollar rebounded against the euro, while firmer oil prices offered little help as investors turned cautious on bullion after it failed to sustain recent gains.
Gold dropped below a psychological level of US$1,100 an ounce as unc… more

Forecasts for warmer weather, a stronger dollar and further signs the U.S. consumer is still hurting sent oil prices lower for the fifth straight day.

The Commodity Futures Trading Commission intended to stave off a repeat of the 2008 surge in oil prices.

The first week of the year saw the greenback giving back its gains back, more so to commodity currencies such as the Loonie, Aussie, and Kiwi. Against the Euro and Sterling, it was pretty much sideways. Surging oil prices can be attributed to the strength in the commodity currencies, even…

Oil prices on Thursday hit $80 a barrel for the first time in seven weeks as the dollar sank on the final day of the year.

Holiday travelers can expect gasoline prices to remain steady through the weekend even though oil prices spiked Wednesday on falling inventories.