Crude oil rose to a two week high as the number of Americans filing jobless claims dropped and the dollar declined, bolstering the appeal of commodities as an inflation hedge. Oil climbed as much as 4.3 percent as Labor Department data showed that initial applications for unemployment benefits fell to the lowest level since January. Gold increased to a record for a third day and other raw material prices gained as the U.S. currency declined to a two week low against the euro.
“Crude oil is tracking the behavior of other markets,” said Bill O’Grady, chief market strategist at Confluence Investment Management in St. Louis. “The jobs number was good. The recession is probably over and employment is a lagging indicator.” Crude oil for November delivery climbed $2.80, or 4 percent, to $72.37 a barrel at 12:38 p.m. on the New York Mercantile Exchange. Futures touched $72.55, the highest since Sept. 18. Oil has traded between.....read the entire article
2 comments:
Hi,
I’m writing to you because I’ve just visited your blog and looked over your posts and I wanted to try and arrange a quick discussion regarding your content as I recognize synergies between our respective websites and an opportunity we can both benefit from. I am also interested in finding out if you would be interested in writing for our site.
My name is James Stafford and I am the Managing Director of OilPrice.com, where we focus on finance within the commodity sectors and the reason I’m interested in the content of your site is that we welcome companies such as yours to publish (at no cost) our Energy & Commodity Price Charts, Quotes and Data Panels, which cover: Crude Oil, Gold, Silver, Natural Gas, etc...
Please take a look at http://www.oilprice.com/charts.php to see what is available.
The information is very well presented and doesn’t carry adverts or anything else that would impair the quality for your visitors.
The second reason for my writing is that we aim to provide our visitors with excellent financial information and are looking for professionals like yourself to contribute articles.
OilPrice.com is a relatively new site, but we are already receiving over 3,000 visitors a day and this number is increasing rapidly. Our site also has a Page Rank of 6 – Thus helping any article you post with us to be well placed in the Search engines. This also means that a backlink from us will also be beneficial to your own website or the product you are promoting.
Your article would appear at the top of our homepage and be there for about a week and then it will be filed in the relevant sector category it belongs, which are also popular amongst our readers. You can also have a detailed bio, which should bring further publicity to your services.
I realize you may already have distribution channels in place and are possibly quite content with the exposure they bring you, but I would very much like you to at least consider working with us.
We may be a new company, but we are promoting the site heavily and have the necessary backing and marketing experience to make OilPrice.com a major online financial destination.
We are looking for original and unpublished articles on most commodities, but especially Oil and other Energy Sub Sectors as well as Politics, Macro Economics and Alternative Energy. But we are happy to publish any well researched piece that would be of benefit to our target audience.
If you are interested in working with us or have any questions regarding our free widgets please do get in touch.
Best regards,
James Stafford
Managing Director
OilPrice.Com
Good morning James,
Yes, I look forward to working with you. For starters I'll make sure we have links up for you and if you could please email me at crudeoiltrader@yahoo.com
Please let me know more about what you have in mind and in the meantime I'll take a real close look at your sites.
Thanks,
Ray @ The Crude Oil Trader
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