Weekly crude oil update June 5, 2010
Jun 7th
From the close of $73.97/ barrel last week, crude oil started the week with modest growth, but on Tuesday, prices fell $1.86 to $72.58 due to weak Chinese manufacturing data which raised concerns that crude demand from the world’s fastest growing economy might be slowing.
On following days, with the release of weekly oil inventories which [...]
Weekly crude oil and currency update May 29, 2010
May 31st
Crude Oil
Crude oil traded with a negative bias towards the beginning of the week and touched a weekly low of $67.15 per barrel in the near term contract on NYMEX. But thereafter it regained all of the lost ground rising $2.76 on Wednesday and $3.04 on Thursday. Crude prices finally closed the week at [...]
Weekly market update: May 3, 2010
May 3rd
Dear readers, if you will remember we used to post monthly market review till some time back. Modifying that a bit, we have come out with the weekly version of the update covering equity, currency, gilts, crude oil and a brief note on China interest rate move.
Equity markets
Sensex slid 135 points or 0.7% for the [...]