Contrarian Stock Market Investing News - Featuring Bargain Stocks

Friday, November 21st, 2008

Posts Tagged ‘ Oil Traders ’

Crude Inches Higher - Traders look for New Floor after Major Profit Taking

Jun 3rd, 2008 | By Doug Casey | Category: Oil Investment & Alternative Energy

In the energy market Monday, crude for July delivery inched higher, closing at $127.76/barrel, up 41 cents. July reformulated gasoline opened as front-month contract by adding 4 cents to $3.39/gallon.

Tags: Conservatism, Crude Prices, energy, Energy Market, Gasoline, oil, Oil Prices, Oil Traders
Posted in Oil Investment & Alternative Energy | No Comments »

Nigeria Attacks Trigger New Highs for Oil

Apr 22nd, 2008 | By Contrarian Profits | Category: Featured, Financial News, Oil Investment & Alternative Energy

This from Bloomberg:

Royal Dutch Shell Plc said a militant attack on a pipeline has cut as much as 169,000 barrels a day of Nigeria’s Bonny Light crude production as rebels claimed responsibility for two more strikes today.

Crude futures contracts in New York have hit fresh highs of $117+ a barrel on the news of the attacks. Crude oil prices climbed to a new record after Shell said exports would be cut — the highest since futures started in 1983.

Tags: Crude Futures, Crude Production, Garry White, Nigeria, Oil Price, Oil Traders, Oil Wealth, peak oil, Royal Dutch Shell
Posted in Featured, Financial News, Oil Investment & Alternative Energy | No Comments »

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