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Crude Oil Hits Four-Month High

Financial Spread Trading By Freddie Mooche

Traders cannot ignore the fact that Oil prices are on their way to $90 a barrel. The USD slipped broadly on Wednesday not only due to a sharp fall in U.S. Housing Starts for September, but also because of the surge in Crude Oil prices. Oil prices hitting new highs will continue to influence negatively on the US economy.

Nfl Betting Spread (AXcess News) New York - Crude oil hit a four-month high Friday, topping $68.10 a barrel for March delivery of light crude at $68.10 a barrel, up 91 centsin New York Mercantile trading. Crude for February delivery was last up 57 cents at $67.40 a barrel.

Fein (AXcess News) Crude oil prices rose Thursday on concern over Iran balk at the IAEA report to the UN Security Council, if sanctions are imposed, which could mean a cut in oil production. Crude oil for April delivery rose 45 cents to $60.47 a barrel in New York. In London, Brent crude oil settled $1.03 higher at $61.06 a barrel. Violence broke out in Nigeria once again and the UN Security Council is weighing the report from the International Atomic Energy Agency as to whether or not sanctions should be imposed on Iran over its refusal to cooperate.

Commodity Spread Trading In London, Brent crude for March delivery was up $1.18 a barrel at $66.40. March contracts are the lead-in for closing trading on both New York and London commodity exchanges.

Print This Page Feb 1, 2005 (AXcess News) Crude oil prices fell Tuesday on the New York Mercantile Exchange as traders speculated on U.S. supplies being higher in lieu of a department of energy report to be released Wednesday. Traders estimate that domestic crude oil inventories were 2 million barrels higher over the week ending Jan. 28 while at the same time refiners are performing seasonal maintenance.

Betting Exchange Spread Following yesterday's audio tape by Osama bin Laden that warned of pending attacks against the United States, commodity traders pushed crude oil prices higher both in New York and London Friday. Adding to those fears are unsettled responses to Iran's threat to cut off oil production if IAEA investigators recommend UN sanctions against the world's fourth-largest oil producer. Militant attacks in Nigeria against oil production rigs have already delayed shipments by several days, adding to production shortage concerns in commodity trading pits globally.

the world' exporting countries, particularly OPEC, the Organization of the Petroleum Exporting Countries. The amount of crude oil that these countries produce determines the price per barrel of oil. The next factor that effects gas prices is the cost of refining the crude oil. This makes up about 10% of the total price of gas. The third factor is the cost of transporting the crude oil to a refinery, then the refined gas to a distribution point

Advanced Commodity Spread Natural gas prices climbed 38 cents at $9.29 per million British thermal units in New York.

by Voanews World oil prices declined below $54 a barrel Friday after hitting records above $58 early this week.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free. Print This Page April 8, 2005 (AXcess News) World oil prices declined below $54 a barrel Friday after hitting records above $58 early this week. The easing of prices follows a U.S. government report on Wednesday showing an increasing supply of crude oil in the U.S. market, and growing refinery operations to turn out gasoline.

Online Spread Betting Heating oil rose 53 cents per gallon to $1.85.

Stock Spread Trading Unleaded gasoline was up .034 cents per gallon at $1.81.

Betting Horse Racing Spread The market followed rumors that Iran had begun to transfer cash from foreign accounts yesterday in preparation for looming UN Security Council sanctions against the Middle East OPEC-member nation.

Complete Guide Spread Trading According to Reuters, the Iranian central bank governor Ebrahinm Sheibani told the ISNA student news agency in Iran that it is transferring foreign reserves "wherever we see as expedient." AXcess News was unable to confirm Sheibani's alleged statement.

Sport Spread Betting In Nigeria, union oil worker representatives have said they are considering a complete withdrawal of workers from the Niger Delta region if security measures are not improved. Last week, four Shell Oil union workers were kidnapped and held hostage there.

Low Spread Forex Trading The US Energy Department reported yesterday that crude oil inventories rose 2.7 million barrels for the week ended Jan. 13 and now stand at a total of 321.4 million. That's 12% above the year-ago level, the government data showed. But despite a rise in US stocks, traders were still bearish, taking into consideration lower production rates would could quickly reduce US inventories.

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