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By Richard Valdmanis NEW YORK (Reuters) - Crude oil prices scaled a new peak near $130 a barrel on Tuesday amid deepening worries over tight global stockpiles and signals from OPEC that no additional supplies are forthcoming to ease the crunch. Billionaire investor T. Boone Pickens said Tuesday...
Full Coverage:
Crude eyes $130-mark; diesel shortage looms
LONDON: Oil rose to a new record near $130 a barrel on Tuesday, driven by yet more bullish price forecasts from investment banks and influential US oil investor T Boone Pickens. The market was also spurred by tight supplies of refined products, especially diesel ahead of the US driving season and...
Oil price hits new record high
Oil soared to a record above $US129 a barrel on Tuesday as worries about US tensions with Iran heightened speculative fever in a market driven by concerns about tight global supplies and strong demand. New York's main oil futures contract, light sweet crude for June delivery, traded as high as...
Phil Flynn Talks High Oil Prices with ONN.tv
StreetSmarts, a weekly interview program hosted by www.onn.tv, interviewed Phil Flynn from Alaron Trading, a regular contributor to the Fox Business News Network. Kevin Cook sat down with Flynn to find what’s going on behind the headlines of $129 barrel oil, and whether those high prices are here...
Phil Flynn Talks High Oil Prices with ONN.tv (Business Wire)
CHICAGO----StreetSmarts, a weekly interview program hosted by www.onn.tv, interviewed Phil Flynn from Alaron Trading, a regular contributor to the Fox Business News Network. Kevin Cook sat down with Flynn to find what's going on behind the headlines of $129 barrel oil, and whether those high...
Oil price hits new record high (AAP)
Oil soared to a record above $US129 a barrel on Tuesday as worries about US tensions with Iran heightened speculative fever in a market driven by concerns about tight global supplies and strong demand. New York's main oil futures contract, light sweet crude for June delivery, traded as high as...
Crude oil futures pass $129 a barrel for the first time, prices at the pump hit $3.80
NEW YORK (AP) - Just in time for the start of the summer driving season: Oil near $130 a barrel and gas up almost 20 percent over last year. It might be worth packing some extra cash along with those picnic supplies this Memorial Day weekend. Crude prices spiked to a yet another trading high...
Interest rates will rise without dollar, oil correction
In his State of the Union speech in 2006 US President George Bush said America was “addicted to oil’’ that is largely imported from unstable parts of the world. The US has since taken several policy initiatives including higher production of biofuels and moving to lower fuel consuming vehicles...
Oil price hits record above 129 dollars
NEW YORK (AFP) - Oil soared to a record above 129 dollars a barrel Tuesday as worries about US tensions with Iran heightened speculative fever in a market driven by concerns about tight global supplies and strong demand. New York's main oil futures contract, light sweet crude for June delivery,...
Surging oil sends small caps south (SmallCapInvestor.com)
Small caps declined after the ring of Tuesday’s opening bell, attempted to mount a comeback at noon after breaking through initial resistance, but declined during afternoon trading. Soaring crude oil prices, worrisome economic reports, the sinking greenback and a decline in international markets...
Shortage fears push oil near $140 (at FT.com)
The fear of a global oil shortage within five years on Tuesday propelled oil futures prices to well above $130 a barrel, further stoking inflationary pressures in the global economy. Investors rushed to buy oil futures contracts as far forward as December 2016, pushing prices as high as $139.30 a...
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Intergovernmental Organisations, International Relations, Finance, Banking & Insurance, Investing & Markets, Commodity Markets, Fuels Markets, Energy Markets, Crude Oil Markets, T. Boone Pickens, Peter Beutel, Cameron Hanover, Goldman Sachs, Organisation of Petroleum-Exporting Countries
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