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Market Journal 2008 P3

  • 01/21/2008 -- Crude futures price closes at 5-week low
    The February crude contract fell 71¢ to $90.13/bbl Jan. 17 on the New York Mercantile Exchange—its lowest closing in 5 weeks.
  • 01/07/2008 -- Oil finally tops $100/bbl
    For the first time ever, a front-month crude contract hit $100/bbl Jan. 2 before closing at $99.62/bbl in the initial trading session of 2008 on the New York Mercantile Exchange.
  • 02/12/2008 -- Crude market lacks direction
    Crude futures prices fluctuated sharply within a $5/bbl range in a directionless market in early February, with traders torn between fears of an economic recession and potential threats to oil supplies.
  • 04/21/2008 -- Weak dollar buoys oil prices
    Analysts cite weak dollar, other factors in crude oil price rise.
  • 07/17/2008 -- Market Journal
    Crude prices fluctuate in $12/bbl range

    Crude prices fluctuated in a $12/bbl range July 7-11 on the New York Mercantile Exchange, falling sharply in the first two sessions as the US dollar strengthened then rebounding in the last two sessions to almost make up that loss.
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Fri, Sep 19, 2014

As a result of recent rulingsby the US Department of Commerce’s Bureau of Industry and Security, the ability to export “stabilized crude” now exists.  The market remains divided, however, on the full impact of these rulings.
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BP’s Insider Insights webcast series: Event 3

A focus on BP's global portfolio; working and delivering major projects and career insights

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