econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

Oil Rise Resumes

admin by admin
3월 4, 2011
in 미분류
0
0
SHARES
0
VIEWS

oil crud price rise Econintersect:  Yesterday’s headline was oil prices ease slightly by today (Friday, March 4), it has changed to a more familiar recent theme.  An Associated Press report at Yahoo News attributed the rise to the fierce fighting between rebels and supporters of Muammar Qaddafi in Libya.However, some analysts hold the opinion that the impact of the Libyan situation on prices may be contained.  From Yahoo News:

Analysts say oil prices could stabilize if the political upheaval that has swept through North Africa and the Middle East doesn’t spread to other crude-producing countries. About 1 million barrels a day of Libya’s 1.6 million capacity has been shut down because of the crisis.

“As long as it does not spread to the UAE, Kuwait, Qatar or Saudi Arabia or worsen in Bahrain, Yemen or Iran, oil supplies from Saudi Arabia and Kuwait should be able to make up shortfalls in Libya,” Cameron Hanover said in a report.

The closing prices for March 4 listed by Bloomberg:

  • WTI Cushing Spot          $104.42   -0.3%
  • Dated Brent Crude         $115.72    -1.3%
  • NYMEX Crude Futures $104.42  -0.4%

The spread between Brent Crude and WTI continued to shrink, ending at $11.30 by Friday’s close.  This is a dramatic drop from a spread of $16.60 on Tuesday.  GEI considers this a reflection of the increasing sentiment that the risk of oil disruption is becoming more global and less concentrated in Europe, the region closest to the unrest.

Sources:  Bloomberg, Yahoo News and GEI News 

Previous Post

Why Not Make Federal Budget Process Democratic?

Next Post

European Stocks Somewhat Lower Friday

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

European Stocks Somewhat Lower Friday

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect