FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Oil rises to near $85, bouncing off 8-month lows Vote_lcap68%Oil rises to near $85, bouncing off 8-month lows Vote_rcap 68% [ 178 ]
Oil rises to near $85, bouncing off 8-month lows Vote_lcap18%Oil rises to near $85, bouncing off 8-month lows Vote_rcap 18% [ 47 ]
Oil rises to near $85, bouncing off 8-month lows Vote_lcap13%Oil rises to near $85, bouncing off 8-month lows Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Oil rises to near $85, bouncing off 8-month lows

Oil rises to near $85, bouncing off 8-month lows

Go down  Message [Page 1 of 1]

CSE.SAS

CSE.SAS
Global Moderator

SINGAPORE (AP) — Oil rose to near $85 a barrel Tuesday in Asia, recovering from an eight-month low amid hope Europe’s leaders may contain the continent’s debt and economic crisis.

Benchmark oil for July delivery was up 76 cents to $84.74 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 75 cents to settle at $83.98 in New York on Monday.

In London, Brent crude for July delivery was up 44 cents at $99.29 per barrel on the ICE Futures exchange.

Crude fell to below $82 in trading Monday, the lowest since October, as concern a global economic slowdown will undermine oil demand pulled prices down 23 percent in the last month.

Investors are hoping European policymakers can stem a debt crisis that has sent Greece into a deep recession and stalled growth in several other countries.

Finance officials from the Group of Seven industrialized powers are scheduled to hold emergency talks by phone Tuesday. Traders will also closely watch a European Central Bank policy meeting Wednesday and congressional testimony from U.S. Federal Reserve Chairman Ben Bernanke on Thursday.

"We will expect some additional choppy, sideways trade as this week proceeds," energy trader and consultant Ritterbusch and Associates said in a report. "We do feel that this pronounced bear market of the past month remains much alive."

Later this month, Greek elections, a quarterly OPEC meeting and another round of talks between Iran and world powers about that country’s nuclear program will likely affect oil prices.

In other energy trading, heating oil was up 1.1 cents at $2.64 per gallon while gasoline futures gained 1.5 cents at $2.68 per gallon. Natural gas gained 3.1 cents at $2.45 per 1,000 cubic feet.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=53679

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum