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Oil prices crossed at two-year high on Monday, the 7th of March 2011, following the worsening of the conflict in Libya between the rebels and Muammar Qadhafi. One of Mr. Qadhafi’s sons, Saadi, declared that the embattled leader has not deployed the army in full force against the rebels, saying it to shield Libya against…Read more

On Monday, the 28th of February, crude oil prices slightly rose after the shutdown of the majority of oil refineries in Libya, and amidst fears that the unrest in the Middle East could spread to Saudi Arabia. However, they eventually eased by the end of the day after the Saudi state oil company Amarco announced…Read more

Gold and silver prices steadied a bit on Friday, the 11th of March 2011, since investors were still bullish about gold following the earthquake in Japan. American Eagle troy gold closed at USD $ 1486.51 an ounce, up from its price on Thursday of USD $ 1477.11 an ounce. On the other hand, silver price…Read more

Oil prices fell on Friday, the 11th of March, following a devastating 8.9 earthquake and tsunami which hit Japan, Friday afternoon in Northeast Asia. Japan is the third largest oil consumer in the world, and the devastating earthquake resulted in the shutting down of oil refineries and other industrial facilities in the country, leading to…Read more

Oil Prices headed for a first weekly loss in four weeks on Thursday, the 10th of March 2011. At the time of market closure, Brent was at USD $ 113.46 a barrel, down from its previous day price of USD $ 114.93. WTI was at USD $ 102.70 a barrel, down from Wednesday’s price of…Read more

The price of gold increased a bit, following the increase in oil prices which led to investors hedging their investments in gold which acts as a safe haven in turbulent times. The price of American Eagle Gold was of USD $ 1494.35 an ounce on Wednesday, the 9th of March 2011, a slight increase from…Read more

Oil prices were mixed on Wednesday, the 9th of March. At the time of market closure, Brent Crude Oil Spot Price was of USD $ 114.93 a barrel, slightly above its previous day’s price of USD $ 112.41 a barrel. The price of West Texas Sour, Midlands Oil was of USD $ 100.73 a barrel,…Read more

Oil prices were mixed on Wednesday, the 9th of March. At the time of market closure, Brent Crude Oil Spot Price was of USD $ 114.93 a barrel, slightly above its previous day’s price of USD $ 112.41 a barrel. The price of West Texas Sour, Midlands Oil was of USD $ 100.73 a barrel,…Read more

Oil prices further decreased over the weekend, with Brent closing in at a two-week low of USD $ 111 a barrel. The earthquake and tsunami in Japan has led to the closure of the majority of automobile and electronic firms, and a risk to the country’s numerous nuclear plants. This is expected to have a…Read more

Oil prices further decreased over the weekend, with Brent closing in at a two-week low of USD $ 111 a barrel. The earthquake and tsunami in Japan has led to the closure of the majority of automobile and electronic firms, and a risk to the country’s numerous nuclear plants. This is expected to have a…Read more