Friday, March 6, 2009

Oil and Commodities Higher On Weakening Dollar, Petrobras Expects A Jump In Profits


"Crude Oil Advances as the Dollar Weakens, Increasing Appeal of Commodities"
Crude oil in New York rose as the U.S. dollar weakened against the euro, bolstering the appeal of commodities as an alternative investment....Complete Story

"Exxon CEO's Meetings with Obama Constructive"
ExxonMobil Chief Executive Rex Tillerson said Thursday that meetings with President Barack Obama and other government officials to discuss energy policy had been "cordial" and "constructive"....Complete Story

"Oil Might Reach $60 Should OPEC Cut Production, BlueGold Hedge Fund Says"
Oil may rise 35 percent to $60 a barrel should OPEC agree to cut production this month, according to BlueGold Capital Management LLP....Complete Story

"Nicaragua Inks New Offshore Exploration Deal"
Nicaragua has signed an exploration and production agreement with Infinity Energy Resources for two separate licenses in the Caribbean Sea....Complete Story

"Petrobras May Report a 24% Jump in Profit on Slumping Real, Survey Shows"
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, may say fourth-quarter profit rose 24 percent to 6.26 billion reais ($2.64 billion) after a slumping real boosted the value of the company’s dollar assets....Complete Story

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