Bangkok gold price surges to record high amid Mideast tension, weaker dollars

Monday, July 14th, 2008

Gold price in Bangkok, one of the major gold market in Southeast Asia, has surged to a record high upon concerns over renewed Middle East tensions and the weakening U.S. dollar, Thai News Agency quoted an industry executive as saying Monda ...

PetroCaribe members receive 59 million barrels of oil since 2005

Monday, July 14th, 2008

The member states of PetroCaribe have received 59 million barrels of oil and a fund of 921 million U.S. dollars since it was created in 2005, Venezuelan authorities said Sunday. The construction of eight companies worth 552 million ...

Dollar at mid-106 yen level in Tokyo

Monday, July 14th, 2008

The U.S. dollar edged up to the mid-106 yen level early Monday in Tokyo. At 9 a.m., the dollar traded at 106.55-60 yen, against 106.25-35 yen in New York and 107.20-21 yen in Tokyo at 5 p.m. Friday. The euro was quoted ...

Mexican oil exports reach new record price

Saturday, July 12th, 2008

Mexico's exports of crude oil Friday reached a new record price of 131.45 U.S. dollars per barrel, three dollars more than the previous day, the state oil company Pemex said. The rise in prices of Mexican oil exports occurred in the ...

Crude prices top $147 on supply concerns

Saturday, July 12th, 2008

Crude prices rallied to a record high of above 147 U.S. dollar a barrel on Friday amid concerns over tensions in the Middle East and unrest in Nigeria. Light, sweet crude for August delivery rose more than 5 dollarsto 147.25 on the ...

Oil prices settle above $145 after hitting new high

Saturday, July 12th, 2008

Crude futures closed above 145 U.S. dollars a barrel after surpassing the 147 dollars level for the first time Friday on supply concerns in Iran, Nigeria and Brazil. Light, sweet crude for August delivery rose 3.43 dollars to settle ...

Dollar falls on credit worries, rising oil prices

Saturday, July 12th, 2008

The dollar fell against major currencies on Friday as credit worries continued and oil prices hit new record. Fears that the U.S. government may be forced to rescue government-sponsored mortgage lenders Fannie Mae and Freddie Mac ap ...

Crude prices top $147 for first time

Saturday, July 12th, 2008

Crude prices topped 147 U.S. dollar a barrel Friday on tensions in the Middle East and unrest in Nigeria. Light, sweet crude for August delivery soared 5.6 dollars to 147.25 on the New York Mercantile Exchange. Source:X ...