International Business News - Commodities http://ibtimes.co.uk/subsection/markets/commodities.htm All articles are copyrighted by IBTimes.com 400 100 http://ibtimes.co.uk/ http://ibtimes.co.uk/images/top_logo_ibt2_3.gif Oil was steady on Wednesday, after falling more than $6 in the previous session, the steepest slide in dollar terms in 17 years as demand fears swelled on the worsening prospects of the U.S. economy. http://ibtimes.co.uk/data/articleimgs/3888-petrol-station.jpg http://ibtimes.co.uk/articles/20080716/oil-prices-wednesday.htm http://ibtimes.co.uk/articles/20080716/oil-prices-wednesday.htm Wed, 16 Jul 2008 05:53:37 EDT Oil steadied near $142 a barrel on Friday, having risen 4 percent in the past session due to heightened geopolitical worries in Iran and Nigeria, as well as fears of supply disruption in Brazil. http://ibtimes.co.uk/data/articleimgs/3833-fuel-storage-tank.jpg http://ibtimes.co.uk/articles/20080711/oil-prices-friday.htm http://ibtimes.co.uk/articles/20080711/oil-prices-friday.htm Fri, 11 Jul 2008 05:52:21 EDT Oil rose a dollar on Wednesday, recovering from a more than $5 fall a day ago, after Iranian state media reported that the country had test-fired missiles that could reach Israel and U.S. bases in the region. http://ibtimes.co.uk/data/articleimgs/3808-drilling-platform.jpg http://ibtimes.co.uk/articles/20080709/oil-prices-wednesday-iran-missile-test.htm http://ibtimes.co.uk/articles/20080709/oil-prices-wednesday-iran-missile-test.htm Wed, 09 Jul 2008 08:53:21 EDT Oil was steady around $144 a barrel on Monday, holding near last week's record high after Iran reasserted its right to pursue uranium enrichment, keeping alive political tensions in the Middle East and adding to worries about oil supplies. http://ibtimes.co.uk/data/articleimgs/3774-oil-platform.jpg http://ibtimes.co.uk/articles/20080707/oil-prices-monday.htm http://ibtimes.co.uk/articles/20080707/oil-prices-monday.htm Mon, 07 Jul 2008 08:04:21 EDT Oil jumped to record highs above $145 a barrel on Thursday as traders rushed to buy ahead of the long holiday weekend in the world's top consumer to mark U.S. Independence Day. http://ibtimes.co.uk/data/articleimgs/3741-petrol.jpg http://ibtimes.co.uk/articles/20080703/oil-prices-record-high.htm http://ibtimes.co.uk/articles/20080703/oil-prices-record-high.htm Thu, 03 Jul 2008 12:47:59 EDT Oil jumped about $1 to fresh records on Thursday, as the dollar fell on gloomy U.S. jobs data and a broad equity sell-off, while a higher-than-expected fall in U.S. crude stocks raised supply concerns. http://ibtimes.co.uk/data/articleimgs/3739-oil-rig.jpg http://ibtimes.co.uk/articles/20080703/oil-prices-thursday.htm http://ibtimes.co.uk/articles/20080703/oil-prices-thursday.htm Thu, 03 Jul 2008 08:22:59 EDT Oil rose more than $1 a barrel on Wednesday, within sight of Monday's record high above $143 on forecasts that global supply will lag demand and expectations the European Central Bank will raise interest rates later this week. http://ibtimes.co.uk/data/articleimgs/3714-oil-rig.jpg http://ibtimes.co.uk/articles/20080702/oil-prices-rise-wednesday.htm http://ibtimes.co.uk/articles/20080702/oil-prices-rise-wednesday.htm Wed, 02 Jul 2008 07:19:59 EDT Asian stocks fell sharply and safe-haven government bonds climbed on Friday after shares plunged on Wall Street and oil prices shot above $140 a barrel, fanning investors' fears of high inflation and slowing economic growth. http://ibtimes.co.uk/data/articleimgs/3656-nyse.jpg http://ibtimes.co.uk/articles/20080627/oil-prices-stocks-asian.htm http://ibtimes.co.uk/articles/20080627/oil-prices-stocks-asian.htm Fri, 27 Jun 2008 05:53:52 EDT Oil fell below $134 a barrel on Thursday, extending a $2 drop in the previous session after U.S. government data showed a surprise rise in domestic crude stocks, fuelling concerns of a demand slowdown in the world's largest energy consumer. http://ibtimes.co.uk/data/articleimgs/3646-petol-pumps.jpg http://ibtimes.co.uk/articles/20080626/oil-prices-thursday.htm http://ibtimes.co.uk/articles/20080626/oil-prices-thursday.htm Thu, 26 Jun 2008 08:43:52 EDT Oil hovered within sight of last week's record high on Wednesday, as traders eyed forecasts of a drawdown in U.S. crude stocks and dollar movements ahead of the Federal Reserve interest rate decision. http://ibtimes.co.uk/data/articleimgs/3628-petrol-pumps.jpg http://ibtimes.co.uk/articles/20080625/oil-prices-wednesday.htm http://ibtimes.co.uk/articles/20080625/oil-prices-wednesday.htm Wed, 25 Jun 2008 08:15:34 EDT Oil rose for a third straight session to around $137 a barrel on Tuesday amid fears of Nigerian supply disruptions and tensions between Israel and Iran. http://ibtimes.co.uk/data/articleimgs/3612-petrol.jpg http://ibtimes.co.uk/articles/20080624/oil-prices-tuesday.htm http://ibtimes.co.uk/articles/20080624/oil-prices-tuesday.htm Tue, 24 Jun 2008 08:21:34 EDT Oil rose more than $1 on Monday as escalating tensions between Israel and Iran stoked supply concerns and as Saudi Arabia's promise to pump more oil if needed failed to win over a sceptical market. http://ibtimes.co.uk/data/articleimgs/3599-petrol-pumps.jpg http://ibtimes.co.uk/articles/20080623/oil-prices-monday.htm http://ibtimes.co.uk/articles/20080623/oil-prices-monday.htm Mon, 23 Jun 2008 12:55:34 EDT Oil rose nearly 1 percent on Monday, as escalating tensions between Israel and Iran stoked supply concerns and traders doubted Saudi Arabia's promise to pump more oil, if needed, would turn back the rally. http://ibtimes.co.uk/data/articleimgs/3596-petol-pumps.jpg http://ibtimes.co.uk/articles/20080623/oil-prices-saudi-arabia.htm http://ibtimes.co.uk/articles/20080623/oil-prices-saudi-arabia.htm Mon, 23 Jun 2008 07:53:34 EDT Oil steadied on Friday, after a nearly $5 plunge a day ago, on China's move to raise fuel prices, as traders weighed the impact on demand in the world's second-largest oil consumer. http://ibtimes.co.uk/data/articleimgs/3569-petrol-pumps.jpg http://ibtimes.co.uk/articles/20080620/oil-prices-china-friday.htm http://ibtimes.co.uk/articles/20080620/oil-prices-china-friday.htm Fri, 20 Jun 2008 08:54:54 EDT Oil fell on Thursday as supply concerns in Nigeria eased after the oil ministry prevented a potentially crippling strike by workers at Chevron. http://ibtimes.co.uk/data/articleimgs/3552-oil-platform.jpg http://ibtimes.co.uk/articles/20080619/oil-prices-nigeria-strike.htm http://ibtimes.co.uk/articles/20080619/oil-prices-nigeria-strike.htm Thu, 19 Jun 2008 08:45:54 EDT Oil fell for a fourth day on Wednesday, as more investors appeared convinced that top exporter Saudi Arabia's plan to boost supply could tame prices. http://ibtimes.co.uk/data/articleimgs/3535-oil-platform.jpg http://ibtimes.co.uk/articles/20080618/oil-prices-saudi-arabia-output.htm http://ibtimes.co.uk/articles/20080618/oil-prices-saudi-arabia-output.htm Wed, 18 Jun 2008 08:00:54 EDT Oil steadied on Tuesday after touching a record near $140 the previous day, with traders caught between a weaker dollar and expectations that top exporter Saudi Arabia will ramp up output to its highest rate in decades. http://ibtimes.co.uk/data/articleimgs/3519-petrol-station.jpg http://ibtimes.co.uk/articles/20080617/oil-prices-flat.htm http://ibtimes.co.uk/articles/20080617/oil-prices-flat.htm Tue, 17 Jun 2008 07:43:54 EDT Oil surged to a new record high on Monday of nearly $140 a barrel, propelled by weakness in the U.S. dollar which offset the bearish impact of plans by Saudi Arabia to boost output. http://ibtimes.co.uk/data/articleimgs/3508-petrol-station.jpg http://ibtimes.co.uk/articles/20080616/oil-prices-surge.htm http://ibtimes.co.uk/articles/20080616/oil-prices-surge.htm Mon, 16 Jun 2008 16:52:54 EDT Oil fell more than a dollar to below $134 on Monday as Saudi Arabia prepared to push production to its highest rate in decades, moving to soothe the market ahead of this weekend's crisis meeting over record prices. http://ibtimes.co.uk/data/articleimgs/3502-petrol-station.jpg http://ibtimes.co.uk/articles/20080616/oil-prices-saudi-arabia-output.htm http://ibtimes.co.uk/articles/20080616/oil-prices-saudi-arabia-output.htm Mon, 16 Jun 2008 09:27:54 EDT Oil prices dipped modestly on Thursday as traders took profits from the previous day's $5 jump. http://ibtimes.co.uk/data/articleimgs/3464-nymex.jpg http://ibtimes.co.uk/articles/20080612/oil-prices-thursday.htm http://ibtimes.co.uk/articles/20080612/oil-prices-thursday.htm Thu, 12 Jun 2008 10:46:14 EDT