Dollar woes, supply drop spur new rise in oil prices
Summary from multiple countries, from articles in English
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The US warned on Thursday that a hastily called weekend oil summit needed to produce concrete results as the world economy suffered the impact of a recent surge in global crude prices. (article 8)
CHICAGO - Commodity prices went wild on Wednesday, with the price of corn shooting through the $7 barrier for the first time, soybeans and wheat moving up sharply and oil jumping more than $5 a barrel. (article 16)
Corn prices, which have been hitting new highs for a week, are reacting to six weeks of heavy rains and cool weather in the Midwest. (article 16)
While the market remains concerned about the effect of high prices on demand, several weeks of falling oil inventories and the dollar's inability to make headway against the euro have combined to turn market sentiment decidedly bullish. (article 3)
The price of a barrel of light sweet crude oil for delivery in July jumped $4.40 to $135.81 in earlier trading, below the $139 a barrel record set on Friday. (article 5)
Oil fell for a second session on Tuesday even as the International Energy Agency warned higher crude prices were needed to choke off demand to balance the market. (article 17)
Gas prices rise to new record over $4.04 a gallon; oil falls 03:51 PM CDT on Tuesday, June 10, 2008. (article 4)
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Story keywords
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oil, prices, energy, barrel, dollar |
Source articles
- Oil prices rebound on Nigeria, technical factors (Washington Post, 06/11/2008, 792 words)
- Oil edges lower in Asia as dollar gains (Washington Post, 06/11/2008, 437 words)
- Dollar woes, supply drop spur new rise in oil prices (boston.com, 06/12/2008, 381 words)
- Gas prices rise to new record over $4.04 a gallon; oil falls (dallasnews.com, 06/10/2008, 677 words)
- US drivers must get used to paying $4 a gallon (business.timesonline.co.uk, 06/11/2008, 515 words)
- Oil dips as dollar gains counter Nigeria supply fears (Washington Post, 06/12/2008, 332 words)
- Oil falls, but supply fears give support (Washington Post, 06/12/2008, 334 words)
- Oil summit needs to get results, says US (ft.com, 06/13/2008, 483 words)
- While Congress argues, gas costs keep climbing (sfgate.com, 06/11/2008, 730 words)
- ABC News: No Light at End of Pump: Gas Stays Near $4 (ABCNews, 06/11/2008, 437 words)
- Senate Republicans block move for oil profits tax - (baltimoresun.com, 06/12/2008, 198 words)
- Let the markets solve the energy crisis (ft.com, 06/10/2008, 882 words)
- Demand for oil falls sharply in OECD countries (ft.com, 06/12/2008, 408 words)
- Today's high oil prices could be here to stay (Washington Post, 06/12/2008, 370 words)
- Chicago Sun-Times :: Archive :: (suntimes.com, 06/12/2008, 2727 words)
- Commodity Prices Show No Letup (nytimes.com, 06/12/2008, 1030 words)
- Oil slips in volatile session (ft.com, 06/10/2008, 700 words)
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