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Risk Oil Prices Declince, OPEC To Keep Quota To Support Oil Price
StatoilHydro ASA, the world’s largest offshore oil and gas operator, said there’s a risk oil prices will decline amid concern the economy will re-enter recession, prompting OPEC to maintain quotas this week.
Scotiabank’s Commodity Price Index Climbs to a New Record, As The Mining Boom Continues
Expansion of nuclear power pushes up both uranium and molybdenum prices
Scotiabank’s Commodity Price Index, which measures price trends in 32 of Canada’s major exports, rose to new heights in March, up 3.8 per cent month-over-month and 3.2 per cent above the previous record in December 2006. The All Items Index has advanced by 123.4 per [...]
Oil prices steady as market eyes OPEC
Oil prices were steady Tuesday as traders weighed forecasts calling for mild U.S. weather next week against anticipated further production cuts by OPEC.
Light sweet crude for January delivery fell by a penny to settle at $62.43 a barrel on the New York Mercantile Exchange. In London, January Brent on the ICE Futures exchange declined by [...]
