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Oil keeps euro prices above ECB target; imports shrink |
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Written by Robin Emmott
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Wednesday, 16 May 2012 10:28 |
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BRUSSELS, May 16 (Reuters) - Costlier fuel and clothing kept euro zone inflation well above the European Central Bank's target in April, giving policymakers little room to stimulate growth even though Germany has signalled it may tolerate higher prices at home.
Consumer price inflation in the 17 countries sharing the euro was 2.6 percent in April, the EU's statistics agency Eurostat said on Wednesday, down from 2.7 percent in March but still stubbornly high given Europe's drift towards recession.
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Last Updated on Wednesday, 16 May 2012 04:34 |
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Oil Falls to Five-Month Low on New Greek Election |
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Written by Mark Shenk at Bloomberg.com
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Tuesday, 15 May 2012 14:21 |
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Oil fell near a five-month low after a second Greek election was called for as attempts to form a government failed, sending the euro tumbling.
Futures dropped 0.8 percent as Pasok party leader Evangelos Venizelos said Greeks are headed back to the polls. The euro declined against the dollar after the announcement. A weaker European currency curbs the appeal of commodities as an investment. A government report tomorrow will probably show that U.S. crude supplies climbed to the highest level since 1990.
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Last Updated on Tuesday, 15 May 2012 08:25 |
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FORTUCAST Financial Timer - Crude |
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Written by Barry Rosen at Fortucast
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Tuesday, 15 May 2012 13:10 |
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JUNE MINI CRUDE ($5 Crude)
(5/14): Oil fell for a third day in New York before an API report that may show U.S. crude stockpiles rose to the highest level in almost 22 years, Bloomberg News reported. Futures dropped as much as 0.9 percent, after closing yesterday at the lowest price in almost five months. U.S. crude stockpiles probably climbed 1.5 million barrels last week to 381 million, the most since August 1990, according to the median estimate in a Bloomberg News survey before a government report this week. Oil also declined with stocks and the euro as Greece struggled to form a government, raising concern that Europe’s debt crisis will worsen.
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Last Updated on Tuesday, 15 May 2012 07:12 |
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Oil hovers below $95 amid Europe worries |
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Written by Pablo Gorondi at Associated Press
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Tuesday, 15 May 2012 09:29 |
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Oil prices hovered below $95 a barrel Tuesday, near a five-month low, as concerns about Europe's debt crisis offset encouraging growth figures in Germany.
By early afternoon in Europe, benchmark oil for June delivery was down 7 cents to $94.71 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.35 to settle at $94.78 in New York on Monday.
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Last Updated on Tuesday, 15 May 2012 03:32 |
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Oil down to near $94 on China, Europe concerns |
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Written by Pablo Gorondi at Associated Press
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Monday, 14 May 2012 08:14 |
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Oil prices dropped to near $94 a barrel Monday due to concerns that China's economy, the world's second-largest, is slowing faster than expected as well as speculation that Greece could abandon the euro currency bloc.
By early afternoon in Europe, benchmark oil was down $1.71 to $94.42 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 95 cents to settle at $96.13 in New York on Friday.
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Last Updated on Monday, 14 May 2012 02:15 |
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FORTUCAST Financial Timer - Crude |
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Written by Barry Rosen at Fortucast
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Friday, 11 May 2012 10:20 |
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JUNE MINI CRUDE ($5 Crude)
(5/10): Oil fell in New York, heading for a second weekly drop, on concern Europe’s debt crisis will worsen and curb fuel demand as global crude supplies increase, Bloomberg News reported. Futures slipped as much as 1.3 percent, retreating for the seventh day in eight. Oil may extend declines next week amid rising U.S. stockpiles and concern the crisis in Europe will spread, threatening the global economic recovery, according to a Bloomberg survey.
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Last Updated on Friday, 11 May 2012 04:21 |
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Oil falls to near $96 as US crude supplies grow |
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Written by Alex Kennedy at Associated Press
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Friday, 11 May 2012 09:20 |
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Oil prices fell to near $96 a barrel Thursday in Asia after U.S. crude supplies rose to a 22-year high, suggesting demand remains weak.
Benchmark oil for June delivery was down 43 cents to $96.38 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 20 cents to settle at $96.81 in New York on Wednesday.
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Last Updated on Friday, 11 May 2012 03:21 |
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FORTUCAST Financial Timer - Crude |
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Written by Barry Rosen at Fortucast
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Thursday, 10 May 2012 10:25 |
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JUNE MINI CRUDE ($5 Crude)
(5/9): Oil fell a sixth day in New York, the longest losing streak in almost two years, as U.S. crude supplies rose and Greece struggled to form a government, adding to concern that Europe’s economy is weakening, Bloomberg News reported. Futures dropped after the Energy Department said stockpiles climbed 3.65 million barrels to 379.5 million, the most since August 1990. Inventories were forecast to advance 2 million barrels, according to the median of 12 analyst estimates in a Bloomberg survey. Equities slipped and the euro weakened after weekend elections in Greece.
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Last Updated on Thursday, 10 May 2012 04:27 |
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Commodities 
commodities
