Canadian Natural Resource Ltd (NYSE: CNQ) shares climbed 36.02 points to the mark, gaining +0.27 (0.76%) during the U.S. stock trades yesterday. Bulls are ready for the new attacks.
Oil prices are trying to break up after a failed attempt to climb yesterday. Since the beginning of the current day prices for petroleum futures Brent and Light Sweet have risen by about 0,5%. Factors to the rise in oil prices has a long list, but the players of the oil market appears nowhere in no hurry to pending publication of the official report of the U.S. Department of Energy, which will be released tomorrow.
Oil prices continued mixed dynamics today. Friday’s collapse has been changed for the oil price climbing today. However, oil prices this afternoon, traded on the positive territory, fell again – down from the beginning of the day by 0,7%.
Ben Bernanke’s biannual report has disappointed markets yesterday, but the Dow Jones Industrial Average managed to gather strength in his fist and grow to very large marks. The DJIA is at 10,326.38 points, Dow index rose 05.85 (2.03%). This growth rate was a record for Dow Jones this summer. The main ideas expressed by the head of the U.S. Federal Reserve, concluded that the uncertainty in the U.S. economy remains “unusually high”, there is no source of growth in household incomes and hence demand, which leads to a difficult situation on the labor market.
Oil prices go lower and lower today. The August futures for crude oil continue to trade on the negative territory on a background of speech Fed Chairman Ben Bernanke, as well as growth stocks in the U.S..
The DJIA and the NASDAQ were victims of bad statistics reports. Completion of the U.S. stock market trading disappointed bulls. Dow Jones Industrial Average and the NASDAQ went on the weekend in the red zone and showed the terrible results on the basis of trading today. Gold prices have fallen to very low grades. The price of gold futures for August delivery fell 20.10 to $ 1188.20 dollars per troy ounce on the basis of trading at the COMEX.
World’s largest exporter of crude oil, Saudi Arabia announced that it stopped all development of new oil fields. Such an order given by King Abdullah bin Abdulaziz Al Saud at the meeting of the Cabinet. Monarch explained his decision to the need to preserve oil for future generations of residents of the kingdom.
Oil prices do not cease to grow the entire trading today. Oil futures Brent and Light Sweet traded in the positive zone. Prices of oil futures have risen since the beginning of the day by about 0.5%, after the day before they fell in one day at 3% and for the first two weeks have been established below the level of 76 dollars per barrel.
Oil prices fell today. Quotes of the oil market on Monday 28 June on the basis of bidding closed with a decrease in price in light of weakening demand for crude oil and refined products amid fears of a mature storm in the Gulf of Mexico. On the New York Stock Exchange New York Mercantile Exchange price of July futures for petroleum of mark Light Sweet fell by 0.61, or 0.8%, and its price was 78.25 dollars per barrel.
Dow Jones Industrial Average fell victim to a combination of circumstances today. Fears about the pace of global growth hit financial markets hard Tuesday, with stocks sliding and investors stampeding into the safety of the dollar and U.S. government bonds. Concerns about euro zone sovereign debt were once again partly driving the weaker sentiment, as the European Central Bank scrambled to reassure markets that Thursday’s expiration of a EUR442 billion bank-lending program won’t destabilize the financial system.