October 2009 Archive

Crude oil trading prices rise amid the commodities surge

Crude oil prices turned slightly higher Friday afternoon trading, rebounding from earlier weakness along with stocks as investors continued to buy commodities including oil, and gold which hit a record ...

People using oil and gold as an inflation hedge, US just printing money

"People are using crude oil and gold as an inflation hedge because the US is just printing money" said Clarence Chu, a trader at market maker Hudson Capital Energy in ...

Light crude oil trading around $71 US, Fed comments

Light crude oil futures in Asia gave up some of their overnight gains Friday but held above $71 a barrel in trading despite a slightly stronger US dollar after comments ...

Peak oil could hit soon, UKERC report says

There is a "significant risk" that global oil production could begin to decline in the next decade, researchers said today. A report by the UK Energy Research Council (UKERC) said ...

IEA report puts doubt into carbon capture

If a report released Tuesday by the IEA is correct, then the $2 billion committed by the Alberta government toward the development of carbon capture and storage is nothing more ...

Saudi Arabia says it will need aid if world cuts dependence of oil

Saudi Arabia has led a quiet campaign during these and other negotiations, demanding behind closed doors that oil producing nations get special financial assistance if a new climate pact calls ...

Oil Prices