Posts Tagged ‘iraq’
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West Texas Intermediate Drop as Demand Slows; Brent Fell

by Forex Rooton October 14, 2014 12:49 pm BST
WTI extended its rout from the lowest price in 22 months after the International Energy Agency said oil demand will expand this year at the slowest pace since 2009. Brent slid from a four-year low in London. Futures dropped as much as 1.3 percent in New York, the fifth decline in six days. Oil consumption […]

Authorized Air Strikes in Iraq Raised Crude Oil’s Rates

by Forex Rooton August 8, 2014 2:12 pm BST
Crude oil rose as US President Barack Obama authorized airstrikes in parts of Iraq, OPEC’s second-largest producer, while Chevron Corp. said it was withdrawing some workers. Brent futures advanced as much as 1.3 percent in London and West Texas Intermediate by 1.1 percent in New York. Obama said yesterday that the strikes, if needed, would […]

Gold Advanced to its Highest Level in Three Weeks on Iraq Unrest

by Forex Rooton August 8, 2014 8:07 am BST
XAUUSD advanced to the highest level in three weeks, poised to snap the longest run of weekly losses since September, as haven demand increased on unrest in the Middle East and tension over Ukraine. XAUUSD for immediate delivery rose as much as 0.7 percent to $1,322.14 an ounce, the highest since July 18, and was […]

WTI Falls for Seventh Session, Geopolitical Tensions Subside

by Christopher Lemieuxon July 7, 2014 7:41 pm BST
West Texas Intermediate (WTI) crude fell for the seventh consecutive day as geopolitical concerns fade from the headlines. The fall in future prices is the longest string of losses since December of 2009. The risk premium due to the Iraqi conflict has collapsed. Although Islamic militants have captured several cities north of Baghdad, the vast […]