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Review January 30, 2012
Download Full PDF 1. Oil and the Global Economy Crude prices changed little last week as the various forces moving the markets seemed to balance each other out. New York oil closed on Friday at $96.65 and London at $111.52. In contrast with the oil markets, gasoline futures and natural gas underwent substantial moves. Gasoline futures in New York closed
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Review January 23, 2012
Download Full PDF 1. Oil and the Global Economy Oil prices were relatively steady at around $100 for NY crude and $111 for London’s Brent until several factors came together to push prices down a bit on Friday. News that manufacturing in China continues to contract combined with the possibility that Iran might return to the negotiating table to
Review January 16, 2012
Download Full PDF 1. Oil and the Global Economy Oil prices were relatively steady until last Wednesday as concerns about the possibility of strike by Nigerian oil workers and the increasingly shrill rhetoric and exchange of threats between Tehran and its adversaries dominated the market. The assassination of an Iranian nuclear scientist and the revelation
Review January 09, 2012
Download Full PDF 1. Oil and the Global Economy Oil prices climbed last week on increasing tensions in the Persian Gulf despite pressure from a weaker euro which tends to hold prices down. NY oil futures closed at $101.56 on Friday and London’s Brent at $113.06. The spread between NY and Brent widened slightly as sanctions on Iranian oil are likely
Review January 02, 2012
Download Full PDF 1. Oil and the Global Economy NY crude closed out the year quietly at $98.83 a barrel, eight percent higher than where it opened 12 months earlier. For 2011, NY crude averaged $95 a barrel as compared with $79 in 2010 and $62 in 2009. Brent crude averaged $111 for the year, $11 a barrel more than the previous high set in 2008. Last
Review December 26, 2011
Download Full PDF 1. Oil and the Global Economy Last week the balance of forces moving oil prices shifted from concerns about what would happen to demand should the Eurozone falter to worries about supply disruptions. As new waves of unrest flared in Syria, Iraq, Egypt and Kazakhstan, prices rose steadily until by week’s end oil was trading 6.6
Review December 19, 2011
Download Full PDF 1. Oil and the Global Economy Oil prices fell sharply last week as concerns about the ongoing European debt crisis outweighed unrest in the Middle East. NY oil closed out the week at $93.50 down by $6 for the month. In London crude closed the week at $103.35 after trading close to $111 on Tuesday on concerns that Iran was threatening
Review December 12, 2011
Download Full PDF 1. Oil and the Global Economy Oil prices increased a little in the first days of last week on concerns about the Iranian standoff but then fell as it became apparent that the new European settlement likely would have little effect on the current debt problem. NY oil settled at $99.41,
Review December 5, 2011
Download Full PDF 1. Oil and the Global Economy NY oil prices climbed steadily last week as worries about the effects of sanctions on Iran outweighed concerns about the Eurozone crisis. Starting the week at $97 a barrel, oil closed Friday just below $101. In London where prospects for the survival of the
Review November 28, 2011
Download Full PDF 1. Oil and the Global Economy Oil prices were little changed last week as the European sovereign debt crises and the various upheavals and machinations taking place in the Middle East roiled the markets. NY oil closed at $96.77 and London at $106.40 — both down about 1 percent for
