KUALA LUMPUR, (Bernama) — Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended higher Tuesday on expectations of strong demand for biodiesel amid rising crude oil prices, dealers said.
Crude oil prices touched an all-time high of US$87.96 per barrel today.
“As oil prices go up, the alternative would be crude palm oil which is […]
NEW YORK (AP) — Gold prices surged Monday as sharply rising oil prices and a falling dollar sparked concerns about inflation, prompting investors to seek the relative safety of precious metals.
The commodities markets advanced broadly. Precious and industrial metals prices rose as the energy market heated up. Agriculture futures were mixed at midday.
Gold prices surged […]
LONDON (MarketWatch) — U.S. stock futures pointed to further declines Tuesday as oil prices pushed toward new highs near $88 a barrel and investors eyed a profit warning from Ericsson and the latest earnings from Wells Fargo and Johnson & Johnson. See full story.
Futures Movers: Oil futures break $87 to reach fresh record-breaking […]
Supply fears send crude soaring as analysts ponder market’s upside
Crude for November delivery ended at $86.13 a barrel, up $2.44 on the New York Mercantile Exchange. Earlier, the contract set a new front-month intraday trading record of $86.22.
The next target area of $87 to $87.50 “will be a tough nut to crack and is […]
Middle East output risks, falling U.S. crude supplies keep crude north of $86
Despite the bout of profit taking, Turkey’s threats to pursue Kurdish separatists in northern Iraq and declining U.S. inventories built convincing support under crude prices at the lofty levels.
Rumors and events, particularly the tension between Turkey and Iraq, “kept churning the market,” […]