News Tag: oil price
November 16, 2009
London’s FTSE 100 rose to its highest level this year after the price of gold hit a fresh record high today of $1,132.95 an ounce.
Increasing demand from emerging markets has been pushing up the price of the precious metal over recent weeks.
Furthermore, gold traditionally rises during the October to December period as the run-up to Christmas and ...
Soaring gold prices sends FTSE to 2009 high
by Kay Murchie
November 12, 2009
Statistics body Rosstat has today announced that Russia's economy expanded by 13.9% in the third quarter compared with the second quarter.
However, when compared with the same period a year ago, the Russian economy contracted by 8.9%.
The economy, which is heavily reliant on oil exports, has suffered from a severe downturn but the latest figures show that Russia is on ...
Russia’s economy sees 13.9% growth in Q3
by Kay Murchie
August 24, 2009
US light crude hit $74.49 (£45) a barrel by afternoon in Europe today - after reaching $74.81, its highest intra-day price in ten months, on the back of increasing demand.
Meanwhile, London's Brent crude was 16 cents higher to $74.35 a barrel.
This resulted in stock rising in BP, Royal Dutch Shell, BG Group and Cairn Energy, all ...
Oil price hits 10-month high on back of economic recovery
by Kay Murchie
August 3, 2009
Sterling and the FTSE 100 index of leading shares both rose today on the back of growing hopes for an economic recovery.
The FTSE jumped by 76.85 points to 4,685.21 - the highest level since October with Barclays and HSBC leading the banking sector after reporting first half profits earlier today.
Meanwhile, sterling climbed to $1.6879 against the dollar and also hit ...
Recovery hopes lift sterling and FTSE 100
by Kay Murchie
April 29, 2009
Oil giant Royal Dutch Shell has followed rival firm BP and announced a sharp fall in quarterly profits as oil prices fall and demand weakens.
Profit for the first quarter plunged to $3.3 billion (£2.24 billion), down 58% compared with the same period in 2008 and represents a 31% fall compared with the fourth quarter of last year.
Oil reached a ...
Shell quarterly profit hit by falling oil prices
by Kay Murchie
