Saturday, March 28, 2009

Russia To Become China's Biggest Energy Supplier? Active Oil Rigs In The U.S. Drops By 46


"Oil Falls as Dollar's Gain Against the Euro Reduces Appeal of Commodities"
Crude oil in New York fell the most in two weeks as the dollar’s gain against the euro reduced the appeal of commodities to investors and stock markets declined....Complete Story

"Goldman Sachs Says Oil Rally Vulnerable as Demand Drops, Contango Widens"
Oil’s rally to a four-month high is vulnerable to a correction because near-term demand for crude isn’t yet strong enough to support a sustained advance, Goldman Sachs Group Inc. said....Complete Story

"Russia Capable of Becoming China's Biggest Energy Supplier"
Russia is fully capable of becoming the biggest energy supplier for China in upcoming 15 years," Russian Deputy Prime Minister Alexander Zhukov said here Friday. Zhukov made the remarks in addressing the China-Russia Investment Forum....Complete Story

"Number Of Active Oil Rigs Drops By 46"
The number of rigs actively exploring for oil and natural gas in Wyoming fell by two this past week. Nationally, the number of such rigs in the United States dropped by 46 this week to 1,039....Complete Story

No comments:

Stock & ETF Trading Signals