Oil prices reach all-time high pass US$91.00 per barrel Source:Current Global News Add Your News to Free News Source(Friday, October 26, 2007) Oil has risen to a new all-time record high during trading in Asia, passing US$91.10 at 10:23 p.m. on October 25 (eastern time).
At 7:08 a.m. today, NYMEX Crude Futures in the United States were even higher, at US$91.58, according to Bloomberg, setting another record all-time high. Brent Crude oil was at US$87.70 at 7:38 a.m..
The raise come when the United States announced that it had an "unexpected loss" in the nation's stockpile of oil. The fear that Turkey may launch a large scale attack on Kurdish Militants inside Iraq is also being blamed for the raise in prices and the U.S. imposed more sanctions on Iran for continuing to enrich uranium.
Australia's Commonwealth Banks states that the raise is "being supported by an increase in geopolitical tensions and also market developments. The US has announced that it is imposing new sanctions on Iran, Oil markets also continued to have an eye on developments related to the current tensions between Turkey and Kurd rebels in ... Go to Complete Coverage
Current Global News Add Your News to Free News Source (Thursday, October 11, 2007)
After the success of Taiwan Photovoltaic Forum 2006, the organizer Taiwan External Trade Development Council (TAITRA) held PV Taiwan 2007 Forum and Exhibition at Taipei International Convention Center on October 11 and 12. This forum and ... Go to Complete Coverage
Current Global News Add Your News to Free News Source (Monday, October 1, 2007)
Nokia, the mobile phone manufacturer based in Nokia, Finland, has negotiated the takeover of Chicago, United States Geographic Information Systems software development company Navteq for US$8.1 billion.
Nokia are paying $78 per share ... Go to Complete Coverage
Current Global News Add Your News to Free News Source (Wednesday, September 19, 2007)
The ability of Australian opposition leader, Kevin Rudd to run the country's economy has been questioned by the Government after he made a minor error responding to a question on Australia's current tax system today. Speaking in ... Go to Complete Coverage
Current Global News Add Your News to Free News Source (Monday, September 17, 2007)
In a free trade zone in Antalya, Turkey, 80 women workers of FMC Novamed are in strike for almost a year now, since September 26th, 2006. They allege not only low wages but also severe abuses on FMC's part.
Novamed, founded in 2001, is ... Go to Complete Coverage
Current Global News Add Your News to Free News Source (Tuesday, September 11, 2007)
Before the 12th Semicon Taiwan at Taipei World Trade Center (TWTC) starts, SEMI Taiwan held a press conference and announced semiconductor industry statistics about global market forecast and 300mm fab capacity.
At the conference, ... Go to Complete Coverage
Current Global News Add Your News to Free News Source (Friday, September 14, 2007)
British bank Northern Rock recieved emergency loans from the Bank of England yesterday, as it felt the effects of the financial crisis originating in the U.S. subprime mortgage market. Queues formed outside branches as many customers ... Go to Complete Coverage
Current Global News Add Your News to Free News Source (Saturday, September 8, 2007)
Ford Motor Company, the U.S. car maker, will reportedly pay €57 million (US$78 million) for a 72.4 percent stake in the Romanian assembly plant Automobile Craiova, a Romanian official said Friday.
"The offer of Ford Motor Company for a ... Go to Complete Coverage
Last week falling oil prices looked unstoppable. The last few days have seen a halt in that slide. Still with prices well below the record set in July and a shaky world economy threatening demand, the question remains: How low can oil prices go?
The dollar fell against major currencies Thursday as investors perceived further weakness in U.S. financial institutions and rallying oil attracted investors.
RSS Feed