Search Results for: Crude prices
Asian shares slump, euro wallows near lows
November 7th, 2014
Asian shares edged down on Friday ahead of U.S. employment data later in the session, while the euro wallowed around two-year lows after European Central Bank President Mario Draghi vowed to take more easing steps to spark growth in ...
Thursday November 6: OSB Daily Technical Analysis – Commodities
November 6th, 2014
OSB Daily Technical Analysis for November 6, 2014 Gold sold off and continued its downward trajectory. The break and close below the $1150 mark suggests that gold is head lower in the mid-term with $1100 being a very realistic ...
Petrobras Official Takes Leave in Possible PwC Resolution
November 5th, 2014
A senior Petroleo Brasileiro SA (PETR4) executive cited in a corruption investigation took a leave of absence, clearing the way for the company to report earnings and debate a fuel-price increase. Sergio Machado, head of the state-run oil producer’s transport unit ...
Investors eye opportunities as Republicans take U.S. Senate
November 5th, 2014
The Republican takeover of the U.S. Senate on Tuesday could lead to new legislative measures that directly affect the energy sector and other slices of the equities market. Republican Senate candidates picked up formerly Democratic seats in Iowa, North ...
BHP to test U.S. oil export ban by selling without formal ruling
November 5th, 2014
BHP Billiton Ltd is set to be the first company to export lightly processed ultra-light U.S. oil without explicit permission from the government, further testing the limits of an increasingly contentious ban on foreign sales. Eight months after two ...
Stocks close mixed: S&P drops, Dow bumps up
November 5th, 2014
Stocks closed mixed Tuesday as markets struggled from a one-two punch of falling oil prices and renewed fears of a global slowdown. A wait-and-see posture regarding Tuesday’s elections may also be holding back investors. The Standard & Poor’s 500 ...
Wednesday November 5: OSB Daily Technical Analysis – Commodities
November 5th, 2014
OSB Daily Technical Analysis for November 5, 2014 Gold tried to rally on Tuesday but found resistance at the $1775 area to strong to push through and reversed to find support at $1163. Weakness in gold remains as it ...
Tuesday November 4: OSB Daily Technical Analysis – Commodities
November 4th, 2014
OSB Daily Technical Analysis for November 4, 2014 Gold continued its downswing finding support at $1160 before bouncing back to close at $1165.00. Gold appears somewhat oversold at the moment and is likely to bounce possibly into the $1180 ...
German manufacturing sector rebounds in Oct after Sept dip – PMI
November 3rd, 2014
German factory activity rebounded in October after shrinking slightly in September for the first time in over a year, although there are signs of weak domestic demand in Europe’s largest economy, a survey showed on Monday. Markit’s Purchasing Manager’s ...
Gulf economies edge toward reform as oil price slides
November 3rd, 2014
When Kuwait’s government said last month that it planned to raise domestic prices of diesel fuel and kerosene, some angry Kuwaitis took to Twitter to denounce the move as unfair. The austerity measures are small compared to the tens ...
