Crude oil fell in New York after a U.S. government report showed U.S. retail sales unexpectedly declined last month and Saudi Arabia's oil minister said OPEC is ready to increase production. Was this the influence of Bush..
Saudi Oil Minister Ali al-Naimi said the Organization of Petroleum Exporting Countries will raise supply, if justified, after President George W. Bush urged an increase.
This means tighter spending for the US and the inability of people to pay $100 for crude oil and $3.50' a gallon for gasoline,or as in Portugal
1€409 per litre ( 95 octane).
The world's biggest oil user the US purchases at gasoline service stations dropped 1.7 percent in December ...
Important news for Europe is that Brent crude for February settlement, due to expire today (16-01), fell to $90.98 a barrel, on London's ICE Futures Europe exchange, however in Portugal the average pump price is 1€409 per litre ( 95 octane) one of the most expensive in the world...
A U.S. Energy Department report today will probably show that crude oil inventories gained 1.25 million barrels last week, this increase will be the first gain in supplies in nine weeks, this means that crude prices per barril may continue in a downward trend.
Bets that February crude oil will fall below $90 a barrel were the most actively traded options contracts on the Nymex yesterday.
Saudi Oil Minister Ali al-Naimi said the Organization of Petroleum Exporting Countries will raise supply, if justified, after President George W. Bush urged an increase.
This means tighter spending for the US and the inability of people to pay $100 for crude oil and $3.50' a gallon for gasoline,or as in Portugal
1€409 per litre ( 95 octane).
The world's biggest oil user the US purchases at gasoline service stations dropped 1.7 percent in December ...
Important news for Europe is that Brent crude for February settlement, due to expire today (16-01), fell to $90.98 a barrel, on London's ICE Futures Europe exchange, however in Portugal the average pump price is 1€409 per litre ( 95 octane) one of the most expensive in the world...
A U.S. Energy Department report today will probably show that crude oil inventories gained 1.25 million barrels last week, this increase will be the first gain in supplies in nine weeks, this means that crude prices per barril may continue in a downward trend.
Bets that February crude oil will fall below $90 a barrel were the most actively traded options contracts on the Nymex yesterday.
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