Exclusive Economy » Oil http://exclusiveeconomy.com Your Portal For Informal Analysis Fri, 25 Jun 2010 03:21:12 +0000 en hourly 1 http://wordpress.org/?v=3.0 Oil Rises To $87 A Barrel http://exclusiveeconomy.com/2010/04/oil-rises-to-87-a-barrel/ http://exclusiveeconomy.com/2010/04/oil-rises-to-87-a-barrel/#comments Tue, 06 Apr 2010 08:19:56 +0000 EE Economist http://exclusiveeconomy.com/?p=941 Oil prices rose to their highest level since October 2008, hovering around $87 a barrel.  Prices are up 8.3% since March. With a steady economic recovery and weaker dollar, commodities are on the rise.

OPEC feels comfortable with oil prices between $70 and $80 a barrel. There are no immediate plans to increase production so prices are likely to hover around $80 or higher.

Print]]> http://exclusiveeconomy.com/2010/04/oil-rises-to-87-a-barrel/feed/ 0 Oil Prices Climb Above $83 A Barrel http://exclusiveeconomy.com/2010/01/oil-prices-climb-above-83-a-barrel/ http://exclusiveeconomy.com/2010/01/oil-prices-climb-above-83-a-barrel/#comments Mon, 11 Jan 2010 16:25:53 +0000 EE Economist http://exclusiveeconomy.com/?p=487 The price of oil has risen to $83 a barrel as result of the following factors:

  • A weakening U.S. Dollar
  • Strong demand from China (China reported that their oil imports rose 14% last year)
  • Investors buying commodities as a hedge against inflation
  • Demand in heating oil due to a string of cold winter weather in parts of the U.S., Europe, and Asia.
  • Nigerian instability (Chevron pipeline attacked, reducing production) 

JBC Energy:

“Investors might be overvaluing and thereby multiplying the impact of cold temperatures,” said JBC Energy in Vienna. “To make a significant impact the chilly weather will have to remain with us for months and not weeks.” 

KBC Market Services:

“If prices continue to rise next week, it will be tempting to conclude that we are back in the casino-like oil market conditions we saw in 2008,” KBC said in a report.

Print]]> http://exclusiveeconomy.com/2010/01/oil-prices-climb-above-83-a-barrel/feed/ 0 Dubai’s Debt Crisis – Boost Dollar And Drops Oil http://exclusiveeconomy.com/2009/11/dubai%e2%80%99s-debt-crisis-boost-dollar-and-drops-oil/ http://exclusiveeconomy.com/2009/11/dubai%e2%80%99s-debt-crisis-boost-dollar-and-drops-oil/#comments Sat, 28 Nov 2009 18:29:30 +0000 EE-Reporter http://exclusiveeconomy.com/?p=195 burj-dubai-skyscraper-2Oil on Friday declined more than 2.5% to about $76 a barrel as fears mount about the possible defaults in Dubai financial markets. Adding to the pressure was the boosted demand for the U.S. Dollar. However, Dubai’s recent news only indirectly contributed to the decline. Crude oil has been sinking since it peaked at $82 a barrel in early November. A large inventory in the U.S and discouraging economic data is more to blame for the decline.

Additionally, the market was trading at low volumes that could have exaggerated prices!

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