Oil & refined products
Financial contracts to make June debut on DME
The Dubai Mercantile Exchange (DME) will launch two financially settled futures contracts for Brent and Oman crude oil for trade date June 2, adding to its existing physically delivered Oman futures benchmark contract.
Crude posts new high as analysts eye $200/bbl
Crude oil closed at a new record high of $121.84 a barrel on the New York Mercantile Exchange (Nymex).
New Record for Crude Amid Supply Disruptions
Crude Oil reached a new record of $119.93 a barrel in overnight electronic trading, up from $119.90 reached last week on the New York Mercantile Exchange (Nymex).
Dollar low helps push crude to new record
Crude Oil reached a new record of $119.90 a barrel on the New York Mercantile Exchange (Nymex) today amid ongoing supply concerns and a new record low for the US dollar against the Euro, leaving investors looking for an inflation hedge.
Crude surpasses $117 amid supply disruptions
Crude oil for May delivery hit an all time high of $117.76 per barrel in intraday trading on the New York Mercantile Exchange (Nymex) today, closing at $117.48/bbl.
Crude tops $116 in volatile trading
Crude oil for May delivery hit an all time high of $116.10 per barrel in intraday trading on the New York Mercantile Exchange (Nymex) today.
New $115 high for crude
Crude oil for May delivery hit an all time high of over $115 per barrel on the New York Mercantile Exchange (Nymex) today.
New Crude High on Supply Woes
Crude oil for May delivery hit an all time high of $113.93 in intraday trading on the New York Mercantile Exchange (Nymex) today
Crude hits new high on inventory lows
Crude oil rose by more than $2 per barrel on the New York Mercantile Exchange (Nymex) after US government data showed a drop in inventories, surprising some analysts.
Weaker oil prices ahead, says Lehman
A series of “new fundamental factors” have buoyed oil prices in 2008, but various physical and financial indicators suggest weaker prices to come, Lehman Brothers’ senior energy economist said today at a briefing in New York.
Tullett Prebon acquires Primex
Interdealer broker Tullett Prebon is to acquire petroleum products broker Primex.
Oil falls after record week
Crude oil for April delivery closed down 12 cents to $110.21 a barrel on the New York Mercantile Exchange (Nymex).
Crude Oil surges to $107
The New York Mercantile Exchange (Nymex) benchmark oil contract has exceeded $107 per barrel in midday trading as the value of the US dollar continues to plunge
Crude rally continues as analysts eye $115 oil
West Texas Intermediate (WTI) crude for April delivery surged to over $105/bbl on Thursday as analysts questioned how much longer the rally could continue.
Turbulent times
Recent oil market turbulence has provided a tough test for airlineslooking to hedge their exposure to rising fuel costs as profits headinto a tailspin. David Watkins reports
Oil reaches new record as gas continues to rise
Crude oil futures closed at a record $102.59 on the New York Mercantile Exchange (Nymex) Thursday.
Ethanol first for Tullett Prebon
Inter-dealer broker Tullett Prebon has completed the first European paper trade in fuel grade ethanol.
BGC acquires Radix
Interdealer broker BGC has purchased Singapore-based broker Radix Energy, enabling BGC to offer voice and electronic brokerage services for products such as crude oil, naptha, middle distillates, fuel oil and freight.