Posts tagged "oil"
Oil Prices May Continue to Rise in the Coming Months
NEW YORK – U.S. Federal Reserve chairman Ben Bernanke, may or may not provide more clues about a possible third round of bond purchases in his speech at Jackson Hole next week. But investors are clearly betting on more quantitative easing or other forms of stimulation. How do I know? Just look at what is...
China’s Economic Growth Influences Market Oil Prices
NEW YORK – Oil futures in the U.S. closed higher on Friday, with the trend lasting 3 days and rising up to over 3% during the week. This is due to the fact that China’s GDP in the second quarter was not as bad as some sectors feared, easing various fears in the market. In...
EU Oil Prices Up By 2.26%
NEW YORK – After a volatile trading session last Wednesday, Euro oil prices closed at 2% higher than the previous day. This is despite the fact that the U.S. Federal Reserve has been issuing mixed messages that could lead to further monetary easing policy. But it has been said that this is only if the...
