08 Aug '11, 2am

Oil prices sharply lower in Asian trade: SINGAPORE: Crude oil prices were sharply lower in Asi... #crude #oil #risk

SINGAPORE: Crude oil prices were sharply lower in Asian trade Monday as market confidence took a knock after Standard and Poor's downgraded the US credit rating, analysts said. At 0200 GMT (10pm Singapore time), New York's main contract -- light sweet crude for September delivery -- was down $2.34, or 2.69 per cent, to $84.54 a barrel, from its closing price on Friday. Brent North Sea crude for September delivery sank $2.80, or 2.56 per cent, to $106.57. "What we do feel is the re-rating of the debt in the US has knocked confidence out of the market," said Jonathan Barratt, Sydney-based managing director with Commodity Broking Services. "With crude where it is at the moment, that confidence will affect demand or expectations of demand in the market," he told AFP. The United States, the world's largest oil consumer, saw its top-flight AAA credit rating downgraded for the fi...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

Tweets

Oil falls more than 6% in New York: NEW YORK: The price of oil plunged more than 6 percent as trading ended in N...

Oil falls more than 6% in New York: NEW YORK: T...

channelnewsasia.com 08 Aug '11, 7pm

NEW YORK: Oil prices fell more than five percent on Monday as the unprecedented downgrade of the United States's credit ra...

Peak Oil Perceptions: If Gas Prices Soar, Who's Most Pessimistic?

Peak Oil Perceptions: If Gas Prices Soar, Who's...

greencarreports.com 08 Aug '11, 6pm

Gas pump with dollars Enlarge Photo Just three months ago, the average gas price crossed 4$ a gallon . Now, oil prices hav...

Crude turns higher in Asian trade: SINGAPORE: C...

channelnewsasia.com 11 Aug '11, 8am

SINGAPORE: Crude prices turned higher in Asian trade Thursday on bargain-hunting following recent sharp falls due to worri...

Asian stocks slide amid US debt woes

channelnewsasia.com 08 Aug '11, 7am

HONG KONG: Asian stocks tumbled on Monday after last week's historic downgrade of the United States' credit rating, which ...

Book review: <i>Beyond Oil Bust: Investigating ...

energybulletin.net 07 Aug '11, 9pm

The exhaustion of oil supplies in most oil producing countries takes on such proportions that in the following couple of d...

#peakoil Iran’s oil minister: Replace foreign o...

peakoil.com 07 Aug '11, 9pm

His remark is seen as a reaction to the pressure that sanctions are putting on foreign companies working in Iran. Several ...

Crude oil prices surge in Asia as US reaches de...

channelnewsasia.com 01 Aug '11, 6am

SINGAPORE : Crude oil markets rallied in Asian trade on Monday amid relief at the announcement of an elusive US debt deal,...

STI falls more than 4% by midday, diving 141.6 points to 2,853.18

STI falls more than 4% by midday, diving 141.6 ...

straitstimes.com 08 Aug '11, 2am

Singapore shares opened lower on Monday, with the benchmark Straits Times Index at 2932.55 in early trade, down 2.08% per ...

Which will be your new Fall bag?

kaightshop.com 07 Aug '11, 6pm

Home > Accessories > Bags Bags Nantucket Ombre Basket Tote $79.00 Solano Drawstring Shoulder Bag $95.00 Proud Mary - El So...

U.S. oil imports drop sharply; so what does it mean?

U.S. oil imports drop sharply; so what does it ...

green.autoblog.com 13 Aug '11, 10pm

U.S. oil production peaked in 1970; U.S. oil consumption did not. As a logical result, the importation of oil from other c...

Asian stocks slump further on economic fears

channelnewsasia.com 09 Aug '11, 1am

HONG KONG: Asian stock markets spiralled downwards on Tuesday, deepening sharp losses over the previous two sessions broug...

Rolex Forums Latest Best prices: I am planning ...

rolexforums.com 06 Aug '11, 12pm

Hi Wisslerk, Welcome to the Forum. I live in the UK and I am relatively new to the forum myself. As a recent purchaser of ...

Fresh credit warnings as US lawmakers trade blame

channelnewsasia.com 07 Aug '11, 6pm

WASHINGTON: Standard & Poor's warned on Sunday that there was a one in three chance of a further US credit downgrade, as l...

Export of Zimbabwean diamonds threatens ethical...

theecologist.org 08 Aug '11, 8am

airs an in-depth investigation into the scale and scope of these alleged crimes, and assesses whether or not Mugabe will e...

Asian stocks dive amid recession fears

Asian stocks dive amid recession fears

channelnewsasia.com 05 Aug '11, 10am

HONG KONG - Asian stock markets plummeted on Friday following carnage in the US and European markets over fears the world ...