Oil Price Soars
Next Entries »Oil Prices Closed Above $100 on Speculation
Wednesday, February 20th, 2008Oil closed yesterday at new record height of $100.10 - a level that had never been seen before. Goldman Sachs have speculated about this for more than two years. In a BBC report then, they said that “.. the oil market… early stages of a ’super spike’, which could push prices as high as $105 a barrel…” However, the oil market finally succumb to these sort of speculations from oil futures trader. Funny enough, this rise was market nothing to do with the numbers but hunch and hear-say. Full BBC story on “Oil prices surge to new records”
Exclusive!! Forex:: Oil And Gold Ubuntu Soaring Amid Dollar Weakness
Sunday, October 21st, 2007Geopolitical problems in the Middle East is playing heavily on the world economy again. The world financial markets are feeling the strains as the price of oil and gold hit new heights at the expence of the crumbling dollar walls. The question is where and when will this end? How will this affect the forex [...]
Next Entries »
