Oil - New High Again !!!
22. April 2008
Oil rose to a record high $118 supported by demand from China, the world's second biggest energy consumer but also important producers Russia and Nigeria seem to have production problems. A weak U.S. dollar trading at 1.5935 at 13.00pm BST is boosting the price of dollar-denominated commodities like oil and metals by attracting new money from hedge funds. Copper is at $ 8650.
LME Metals 3 Month Prices, Monday 13:00pm BST| Bid | Offer | |
|---|---|---|
| Copper | $8644 | $8650 |
| Aluminium | $3060 | $3064 |
| Lead | $2807 | $2815 |
| Zinc | $2265 | $2269 |
| Nickel | $28650 | $28724 |
| Tin | $22125 | $22150 |
News Archive
06
Shanghai aluminium is at its lowest in five years ...
25
LME 3M Copper is down to $6911 per tonne. Copper prices fell ...
01
Copper prices fell to $7305 per tonne, the lowest price since ...
08
Aluminium LME 3 month price rocketed on Monday and hit a record ...
16
Base metals climbed to its highest in three weeks on Monday due ...
09
Oil soared more than $16 a barrel in a two-day rally...
03
Crude oil traded above $127 a barrel Tuesday as investors sought to...
08
Oil prices slipped today from record heights on profit-taking...
08
Crude oil fell from a record high and dollar rose to an eight-week high...
07
The dollar firmed a touch overnight after Fed rate setters expressed concern about...
06
U.S. crude oil futures rose to a new record high for a second day on ...
02
Yesterday was downhill for commodities as they fell accross the board...
30
The Fed is expected to reduce the interest rate by quarter-point ...
29
The dollar rose against the euro and near a two-month high against...
28
US light crude set the record high at $119.93 a barrel despite strong dollar...
25
LME metals are under pressure this morning due to ...
24
The FTSE 100 index is down by 84 points today, largest one day fall in over five weeks ...
22
Oil rose to a record high $118 supported by demand from ...
21
Oil is just below $117 a barrel this...
18
China's main stock market tumbled...
17
LME metals are higher this morning...
