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Miesiąc: maj 2009

Oil rises, nearly $65 a barrel

Oil rises, nearly $65 a barrel

Oil held above $64 Thursday after OPEC decided to leave the group’s crude production unchanged and an inventory report showed falling supply.

Oil settles at $63.45

Oil settles at $63.45

Oil flirted with $64 a barrel on Wednesday after the Saudi oil minister said the global economy can handle oil prices between $75 and $80.

Oil to hit $75 – Saudi oil minister

Oil to hit $75 – Saudi oil minister

Oil hovered on either side of $63 a barrel Wednesday ahead of the OPEC meeting and after the Saudi oil minister said the global economy can handle oil prices between $75 and $80.

Dollar hits 5-month low

Dollar hits 5-month low

The dollar fell to a five-month low against the euro Friday as inflationary fears heated up and the market continued to fret over a downgrade of the U.K.’s outlook.