ECONOMIC EXPANSION

WORLDWATCH VORACIOUS APPETITE FOR COMMODITY NEWS

 

Previous posts
Goodgle link units
Add your google link units or ad units here by replacing this text in the template
subscribe
Add ANY ICONS OR Blog directories buttons here
Blog Archieve
  • November 2006
  • August 2007
  • September 2007
  • October 2007
  • November 2007
  • December 2007
  • January 2008
  • February 2008
  • March 2008
  • April 2008
  • May 2008
  • June 2008
  • July 2008
  • August 2008
  • September 2008
  • October 2008
  • November 2008
  • December 2008
  • January 2009
  • February 2009
  • March 2009
  • April 2009
  • May 2009
  • June 2009
  • July 2009
  • August 2009
  • September 2009
  • October 2009
  • November 2009
  • December 2009
  • January 2010
  • February 2010
  • March 2010
  • April 2010
  • May 2010
  • June 2010
  • July 2010
  • August 2010
  • September 2010
  • October 2010
  • November 2010
  • December 2010
  • January 2011
  • February 2011
  • March 2011
  • April 2011
  • May 2011
  • June 2011
  • July 2011
  • August 2011
  • September 2011
  • October 2011
  • November 2011
  • December 2011
  • January 2012
  • February 2012
  • March 2012
  • April 2012
  • June 2012
  • July 2012
  • August 2012
  • September 2012
  • October 2012
  • December 2012
  • January 2013
  • February 2013
  • May 2013
  • August 2013
  • April 2014
  • June 2014
  • September 2014
  • October 2014
  • January 2015
  • February 2015
  • March 2015
  • April 2015
  • September 2015
  • November 2015
  • January 2016
  • March 2016
  • November 2016
  • January 2017
  • May 2017
  • Credits



    Investor Optimism

    Speculation boosted investor optimism that demand in the world’s largest economy U.S. is recovering. The U.S. labor market report shows U.S consumer spending has not improved for a third month.
    Contracts for crude have also been formed using speculation as a base, crude oil for May delivery rose as much as 1.2 percent to $85.89 a barrel in after-hours electronic trading on the New York Mercantile Exchange, the highest since Oct. 9, 2008. It was trading at $85.21 in Asia trading. Speculation showed economic data indexes are getting better and that is supporting crude oil prices, so now we have no economic recovery and prices are struggling above $87 with no evidence of growth, this will cause a revenue drop in most crude dependent states as there will be a decline in demandover the next months. Oil prices have established a floor of $75 a barrel and there is no need for OPEC to increase production, Venezuelan Oil Minister Rafael Ramirez said April 2.
    The Organization of Petroleum Exporting Countries pumps about 40 percent of the world’s oil and slashed output in January 2009 to prevent a glut. The group left its production targets unchanged when ministers met in Vienna on March 17. Some petrol companies in Europe use every available excuss to inflate final consumer prices as is the case with Portugal... As http://so-buracos.blogspot.com/ informed last week, the price of petrol for the motorist in Portugal this week has once more increased...The price per litre has passed the 1,44 Euro for the first time in 19 months, Portugal continues to have one of the highest consumer price for petrol in the world ...The companies involved in this squeme are, Galp 1,449 euro, Cepsa 1,449 euro, BP 1,459 euro, Repsol 1,414 euro, these prices are for regular 95 Octane.

    Labels: , ,

    written by ABSTRACTMIND @ 2:39 pm, ,


    Links

    Subscribe

    Subscribe in a reader

    Advertise


    The Commodity prices are provided by Forex Pros - The Leading Financial Portal

    blog links
    Finance directory