By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News: Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Apologies to Winston Churchill, but this quote is perhaps the best measure of the rocky state of the global financial [...]
Continue reading "Upgrader: The end of the beginning"
Thursday, September 4, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Continue reading "Upgrader: September 3"
Tuesday, September 2, 2008
The dollar extended its rally to fresh 2008 highs on Monday against a basket of currencies as oil’s startling fall toward $105 a barrel improved expectations of lower global inflation and non-U.S. interest rates. Michael Klawitter, head of FX strategy said: What does that mean? We will see mounting rate cut expectations, which means spreads [...]
Continue reading "FOREX-Euro below $1.45 as oil tumble strengthens dollar"
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Thursday, October 2, 2008