Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: teevee	4/13/2011 8:58:31 AM
	2 Recommendations Read Replies (3) of 206104

Kuwait Halts crude exports Hmmmm......I wonder if Goldman Sachs p*ssed in someone's cornflakes over in Kuwait;-) By Pablo Gorondi, The Associated Press Oil prices bounced off daily lows to climb toward US$107 a barrel Wednesday on Kuwait 's decision to temporarily suspend crude exports because of sandstorms. Kuwait , a member of OPEC , produces about 2.4 million barrels of crude a day, so the halt has exacerbated worries about global supply — the conflict in Libya and protests across the Middle East have investors worried that larger producers could suffer production slowdowns. By early afternoon in Europe, benchmark crude for May delivery was up 63 cents at $106.88 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the session, the contract fell as low as $105.37 and gave up $3.67, or 3 per cent, to settle at $106.25 on Tuesday. Crude fell sharply on Tuesday after Goldman Sachs warned investors that oil prices had already topped its second-quarter forecast and were due for a "substantial pullback" in the near term.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next