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Review July 26, 2010
Download Full PDF 1. Oil and the Global Economy Oil prices moved up slowly last week from $76 a barrel to a close of just below $79 on Friday. A combination of a weaker dollar, stronger equity markets and a Gulf storm was behind the move. After the Gulf storm weakened on Friday, prices fell from last week’s
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Review July 19, 2010
Download Full PDF 1. Oil and the global economy Oil settled at the Friday close at $76.01, only a few cents below where it started on Monday. Prices briefly climbed above $78 a barrel on Wednesday when it was learned that US crude inventories had fallen by a much-greater-than-expected 5 million barrels the week
Review July 12, 2010
Download Full PDF 1. Oil and the global economy Crude futures jumped 5 percent last week, moving from $72 to close over $76 a barrel on Friday. Oil prices continue to be linked with the equity markets which in turn are linked to news about the prospects for economic recovery. Although news on the global economic
Review July 5, 2010
Download Full PDF Peak Oil Review 1. Oil and the global economy Oil prices fell 8 percent last week from a high of $79 on Monday to close on Friday at $72.14. After it became apparent that hurricane Alex would stay well to the west of Gulf oil production, concerns over future economic growth took over and drove
Review June 28, 2010
Download Full PDF 1. Oil and the global economy After the brief euphoria following Beijing’s un-pegging of the Yuan on Monday, oil prices slipped lower for most of the week. On Friday, however, concerns about the effects the first gulf hurricane of the season might have on oil production sent prices sharply
Review June 21, 2010
Download Full PDF 1. Oil and the Global Economy Oil prices continued to move upwards this week from the low of $70 two weeks ago. On Wednesday oil touched $78, then closed at $77.18 on Friday. US crude inventories rose by 1.7 million barrels the week before last, raising concerns about long-term oversupply.
Review June 14, 2010
Download Full PDF 1. Oil and the Global Economy Oil prices rose for 4 days last week, touching a high above $76 on unexpectedly large Chinese export numbers and remarks from Fed Chairman Bernanke that economic recovery was on track. On Friday, however, weak US retail numbers sent prices back down to close at
Review June 7, 2010
Download Full PDF 1. Oil and the Global Economy For four days last week oil prices hovered around $75 depending on the latest report on economic growth prospects in the US, EU, and China. On Friday the US jobs report showed, that aside from temporary census-taker hiring, there were almost no new jobs created
Review May 31, 2010
Download Full PDF 1. Oil and the Global Economy After falling steadily since May 1st on increasing economic troubles in Europe, oil prices climbed for most of last week and closed just below $74 a barrel. For the month, oil was down $12 a barrel. As has been the case for many weeks now, oil prices continue to
Review May 24, 2010
Download Full PDF 1. Oil and the Global Economy The European debt crisis continued to exert the most pressure on oil prices last week with the Euro falling as low as $1.21, a four year low, before rebounding to close at $1.25 of Friday. Three weeks ago the markets were concerned about how soon oil would reach
