Thursday, September 4, 2008

Crude oil prices increase only slightly despite cessation of oil Thaindiancom

Crude oil prices increase only slightly despite cessation of oil drilling in Gulf of Mexico Thaindian News Crude oil prices increase only slightly despite cessation of oil drilling in Gulf of Mexico Ike becomes major hurricane over Caribbean Hurricane Hannah gains as warnings are issued in areas under its trajectory OPEC crude oil price plunges five month low Obama leads McCain to percent in new Gallup poll Special Report Hurricane Hannah still forming a dangerous front Warren William Zevon remembered by Lettermen Hurricane Hannah gains as warnings are issued in areas under its trajectory Senator John McCain chances grow as he gets immense support as he poised himself to give a keynote at GOP Convention Fred Thompson former Tennessee Senator talks tough at convention and praises GOP nominee s Latest News Women clash with police at relief camp in Orissa several hurt Singapore China to build model sustainable city Little time for Bush to get nuclear pact approved Teaching alwa! ys my first love Manmohan Singh Monkeygate scandal attributed to Symonds mental state Coal mine explosion kills in China On a train from flooded Bihar to new beginnings Crude oil prices increase only slightly despite cessation of oil drilling in Gulf of Mexico September th pm ICT by Amrit Rashmisrisethi Crude oil prices on the world market decreased slightly last night September due to appreciation of the US dollar currency and less fuel demands. Despite the cessation of virtually all oil drilling in the Gulf of Mexico following torrential storms and winds from the nearby Hurricane Gustav crude oil prices on the New York Mercantile Exchange closed at . dollars per barrel down cents per barrel while London Brent crude oil price closed at . dollars per barrel down cents. Analysts believe that the world oil market is currently unable to maintain the upward movement of oil prices. percent of oil drilling and percent of natural gas production was shut down in the Gulf of Mexico ! yet oil prices remained level leading analysts to conclude that the oil market was influenced more greatly by oil demand and not oil supply. Source National News Bureau Public Relations Department of Thailand Share on Facebook Post to del.icio.us Posted in Thailand Related Stories Oil prices go above a barrel May US stocks down on record oil prices May Wall Street rebounds after big dip in oil prices June OPEC crude price hovers just below April OPEC crude price falls from all time high February Deora rules out cutting down fuel prices August Mexico s oil output falls . percent February US stocks mixed amid another record day for oil July Drop in crude oil prices pulls equity markets up Roundup August Crude price fall could save India bn says study August Categories Thailand Tags crude oil gulf of mexico hurricane gustav new york mercantile exchange Leave a Comment Name Mail will not be published Website XHTML You can use these tags Please note Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment
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