September 2009 Archive

Ideal oil price $60 to $80 US per barrel?

What is the ideal oil price? A review of recent economic history yields the observation that when petroleum sells above about $80 a barrel (in inflation-adjusted terms) economies begins to ...

NYMEX Light oil price up two precent as stocks gain

After sliding about 8% last week, light oil prices ticked back near $67 Monday, tracking a rise in equities. NYMEX Light cude oil futures for November delivery rose 82 cents ...

Oil price trading near $67 on strong equities

Oil prices held steady, trading around $67 a barrel on Tuesday after climbing more than 1 percent a day ago, boosted by strong equities markets and Iran's missile tests, but ...

Chinese oil company seeks big stake in Nigeria oil

A Chinese state owned oil company is in talks with Nigeria to buy large stakes in some of the world’s richest oil blocks in a deal that would eclipse Beijing’s ...

Oil Prices