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Commodities News

Commodities: Crude back down
Thursday 15 May 2008
Crude price slid back down on Wednesday as profit takers bagged some of the record gains from the previous day and after the government said supplies rose last week.
Commodities: Crude almost hits $127
Wednesday 14 May 2008
Oil prices hit another record trading high on Tuesday with US light crude oil for June delivery reaching $126.98 a barrel on the New York Mercantile Exchange following reports that Iran is planning to reduce oil production.
Commodities: Oil eases from record high
Tuesday 13 May 2008
Oil prices retreated from a record high as the dollar recovered against most major currencies and as profit takers moved in.
Commodities: Oil steams past $125
Monday 12 May 2008
Oil prices hit another record high of over $125 on Friday as concern about supplies continue.
Commodities: Gold moves ahead
Friday 09 May 2008
Gold prices moved ahead as the dollar fell against the euro after the ECB kept rates on hold.
Commodities: Oil breaks $123 a barrel
Thursday 08 May 2008
Oil prices broke $123 on Wednesday, after an initial decline, following a weekly government stockpile report.
Commodities: Oil rises to nearly $123 a barrel
Wednesday 07 May 2008
Oil futures powered to a new record high of nearly $123 a barrel Tuesday, as investors continued to scoop up the commodity on predictions of continued surging prices and concern about tight supplies.
Commodities: Oil breaks $120 a barrel
Monday 05 May 2008
Oil rose more than $3 to a record high of $119.97 per barrel on Monday, amid a declining dollar and as supply concerns continue.
Commodities: Gold down on rising dollar
Friday 02 May 2008
Gold slipped further as the appeal of the commodity was hit by the rise in the dollar against the euro.
Commodities: Oil and gold down again
Thursday 01 May 2008
Oil and gold prices fell again on Wednesday after a widely expected US interest rate cut and after a weekly government report showed a bigger than expected rise in crude supplies.
Commodities: Crude slips $3
Wednesday 30 Apr 2008
Oil prices slipped over $3 on Tuesday as workers returned to work at the Grangemouth refinery in Scotland following a two-day strike.
Commodities: Oil inches closer to $120
Tuesday 29 Apr 2008
Supply jitters following a two-day strike at the Grangemouth refinery in Scotland sent crude oil to a new high of $119.93 on Monday.
Oil could hit $200, OPEC president says
Monday 28 Apr 2008
The falling dollar could push oil prices to £200-a-barrel, Algeria’s El Moudjahid newspaper quoted OPEC president Chakib Khelil as saying.
Commodities: Supply concerns fuel oil spike
Sunday 27 Apr 2008
Oil prices surged again on Friday, spiking more than $2 after reports that a US cargo ship fired at two boats in the Persian Gulf.
Commodities: Higher dollar hits oil
Friday 25 Apr 2008
Oil prices slipped back as investors banked profits from the rally earlier in the week and as the dollar bounced against the euro.
Commodities: Oil up slightly after mixed data
Thursday 24 Apr 2008
Crude oil futures settled 23 cents higher on the New York Mercantile Exchange at $118.30 a barrel.
Commodities: Oil flirts with $120 a barrel
Wednesday 23 Apr 2008
Crude prices inched towards $120 a barrel on supply concerns, a weaker dollar and as the May contract comes to an end.
Commodities: Supply concerns buoy oil prices
Tuesday 22 Apr 2008
Oil prices rose on Monday after reports that a missile just off the coast of Yemen struck a Japanese oil tanker.
Crude hits $117 as OPEC rules out lifting output
Monday 21 Apr 2008
Crude oil prices rose to a record level above $117 a barrel after OPEC rejected calls from UK and Japan to raise production.
Commodities: Oil hits another record high
Sunday 20 Apr 2008
Concern about attacks on Nigerian oil pipelines pushed crude prices up Friday.

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