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Canada awaits Obama's word on oilsands

posted by twilight 3 days ago in CAD, Fundamental, Oil made popular 3 days ago

As the worsening economic crisis has Canadian business and government seeing red ink, the Conservatives' green plans are fading to grey. In an exclusive interview, Canada's new nvironment minister, Jim Prentice, made clear the green that matters  read more

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Gas price drop: 60 days straight

posted by LadyGodiva 3 days ago in Oil made popular 3 days ago

Remember $4 gas? Soon it will be $2 gas. As the nation's economy worsens, the demand for oil and gas wanes. As a result, prices drop. And drop. And drop.
The price of gas fell overnight Sunday for the 60th consecutive day.  read more

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Worst Oil Bear in Decades

posted by LadyGodiva 4 days ago in Oil made popular 8 hours ago

The 53% decline in oil prices since September 22, 2008, without a 20% rally is the biggest since 1986 (based on available daily data). The week of Sep. 16 to Sep. 22, oil rallied 20%+ after dropping 37% from the July 3, 2008 high.  read more

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Oil prices mixed amid demand woes

posted by WebMarket 4 days ago in Oil made popular 7 hours ago

Oil prices closed mixed amid growing signs of economic trouble in the US and Europe, despite the possibility of a new output cut from an Organisation of Petroleum Producing Countries (OPEC) meeting later this month.  read more

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OECD nations in recession

posted by mintchocolate 5 days ago in USD, Fundamental, Oil made popular 5 days ago

Organization for Economic Co-operation and Development says 30-member block faces `protracted' slowdown as euro zone, Japan, U.S. also contract  read more

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Oil Little Changed as Economic Slowdown Curbs Fuel Consump

posted by keiragabe 5 days ago in Fundamental, Oil made popular 5 days ago

Crude oil traded little changed, heading for a second weekly decline, as the global economic slowdown cut demand in the largest energy-consuming countries.  read more

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Canada's Dollar Climbs for First Time This Week as Oil Rises

posted by kulas 6 days ago in CAD, Fundamental, Oil made popular 5 days ago

Canada's currency rose for the first time this week against its U.S. counterpart as the price of oil rebounded from the lowest in almost two years.  read more

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Dollar Eases Against Euro; Yen Loses Ground

posted by hanayoridango 6 days ago in USD, GBP, Oil made popular 6 days ago

The dollar weakened against the euro early Thursday in New York despite better-than-expected U.S. trade balance data.  read more