Contrarian Stock Market Investing News - Featuring Bargain Stocks » James Williams http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Crude Retreats http://www.contrarianprofits.com/articles/crude-retreats-2/1743 http://www.contrarianprofits.com/articles/crude-retreats-2/1743#comments Fri, 02 May 2008 11:46:05 +0000 Doug Casey http://www.contrarianprofits.com/articles/crude-retreats-2/ In the energy market Thursday, crude for June delivery fell for the third straight day, dropping to $112.52/barrel, down 94 cents. June reformulated gasoline declined 2.81 cents, to $2.8782/gallon.

“The combination of the weak U.S. economy and a strengthening dollar continues to put downward pressure on oil,” said James Williams, of WTRG Economics.

Supply worries have eased after the re-start of a major Scottish refinery following resolution of a two-day strike on Tuesday. And Exxon said that upstream affiliates in Nigeria confirmed they’re in the process of production start-up following resumption of services by the senior staff workers union.

]]> In the energy market Thursday, crude for June delivery fell for the third straight day, dropping to $112.52/barrel, down 94 cents. June reformulated gasoline declined 2.81 cents, to $2.8782/gallon.

“The combination of the weak U.S. economy and a strengthening dollar continues to put downward pressure on oil,” said James Williams, of WTRG Economics.

Supply worries have eased after the re-start of a major Scottish refinery following resolution of a two-day strike on Tuesday. And Exxon said that upstream affiliates in Nigeria confirmed they’re in the process of production start-up following resumption of services by the senior staff workers union.

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