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Market Journal 2011 P

  • Mon Jun 06 14:20:00 CDT 2011 -- Comfortable with high oil prices
    Neither consumers nor governments are unhappy about high oil prices—as long as they are not too high, said Fereidun Fesharaki, chairman of FACTS Global Energy group.
  • Mon May 30 10:15:00 CDT 2011 -- 'Rather odd month' of May
    May was “a rather odd month” for the oil market with “some unusually sharp swings in prices and sentiment” despite no dramatic change in market fundamentals, said Paul Horsnell, managing director and head of commodities research at Barclays Capital.
  • Mon May 23 03:00:00 CDT 2011 -- US economy a 'market risk'
    The health of the US economy is “one of the biggest risks to the oil market,” which is likely to remain “biased on the cautious side while awaiting clearer signs” of recovery, said James Zhang at Standard New York Securities Inc., the Standard Bank Group.
  • Mon May 16 13:20:20 CDT 2011 -- Crude market volatile in early May
    Crude prices plunged during five trading sessions through May 6 in the biggest single-week loss on the New York Mercantile Exchange since 2008.
  • Mon May 09 11:35:40 CDT 2011 -- Oil prices plummeted in early May
    Energy prices plunged May 5 with front-month crude falling 9% to less than $100/bbl in New York as the dollar escalated 1.9% over the euro after the European Central Bank indicated no hike in lending rates.
  • Mon May 02 15:26:00 CDT 2011 -- Bin Laden’s death changes little
    The US dollar surged and the price of oil dropped immediately with news US Navy SEALs shot and killed Osama bin Laden, the most famous terrorist, in a brief raid May 1 on his hideout near a military academy in Pakistan, but analysts expect the event will little change oil markets.
  • Mon Apr 25 16:00:40 CDT 2011 -- 'Get the Usual Suspects'
    On the defensive shortly into his reelection campaign because of high gasoline prices, President Barak Obama had Atty. Gen. Eric Holder form yet another task force to “round up the usual suspects,” the alleged villains manipulating and defrauding the oil markets. 
  • Mon Apr 18 12:30:30 CDT 2011 -- High prices despite 'oversupply'
    The crude price slumped as the New York Mercantile Exchange reopened Apr. 18 with Saudi Arabia Oil Minister Ali I. Al-Naimi claiming the global oil market is oversupplied.
  • Mon Apr 11 12:50:00 CDT 2011 -- Brent replacing WTI as benchmark crude?
    The Dow Jones-UBS Commodity Index said Apr. 7 North Sea Brent crude oil “will be specifically considered for the index” beginning in 2012. This is the second largest commodity index after the S&P Goldman Sachs Commodity Index (GSCI) and is for now only invested in West Texas Intermediate futures.
  • Mon Apr 04 08:00:10 CDT 2011 -- Obama's speech 'notable' for gas producers
    While some shrugged off US President Barack Obama’s energy policy speech at Georgetown University, it was notable “for what was included and was not,” said James Crandell at Barclays Capital, New York.
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