India Stock Market by StockFry.com

 

NSE 5479.4 [-6.75] (-0.12%) | BSE 18221.43 [-16.88] (-0.09%)
   Welcome Guest!
Get Quotes
StockFry
  • Stock Messageboard
  • Hot Stocks
  • Result Calender
  • Stock by Price
  • Commodity
  • Oil Prices
  • Gold Prices
  • Gold Multi Curr
  • Silver Prices
  • Forex
  • Forex History
  • NSE Forex Future
  • Remit Sites
  • Commodity FAQ's
  • BSE
  • BSE Chart
  • BSE Indices
  • BSE Top Gainers
  • BSE Top Losers
  • Delisted Stocks
  • Suspended Stocks
  • Name Change
  • Right Issues
  • Bonus Issues
  • NSE
  • NSE Chart
  • NSE Top Gainers
  • NSE Top Losers
  • NSE Top Volume
  • NSE Bulk Deals
  • NSE Circuit Filter 
  • Market Holiday
  • Sector Watch
  • Agriculture
  • Automobile
  • Banks
  • Cement
  • Chemical
  • Realty
  • IT
  • IPO
  • Discuss IPO's
  • Chittorgarh.com
  • Discussions
  • Discuss Stocks
  • Discuss IPO's
  • Commodities
  • Indian Economy
  • Indian Mutual Funds
  • Blue Chip forum
  • Day Traders
  • Other
  • Downloads
  • Portfolio Manager
  • Crude Oil Prices

    The crude oil price or the price of petroleum means the spot price of either Light Crude/WTI as traded on the New York Mercantile Exchange (NYMEX).The unit to measure the price of petroleum is barrel.The Organization of the Petroleum Exporting Countries (OPEC) was formed to maintain the price of oil.
    Here we provide you the real time/current oil prices, crude oil price charts in US dollar per barrel.

    The value and price of petroleum varies depending on various factors. Some of these factors are:
    • The value of various currencies, like US dollar.
    • The demand and supply
    • The economic situations and changes in those situations around the world.
    • The World events, such as wars and even dramatic weather influences, such as earthquakes, tidal waves etc.

    Oil Price Current News

     

    Messages

    To discuss about crude oil prices, current oil prices, heating oil price, home heating oil prices, oil price stock, oil future prices, oil price futures visit our message board and discussion forum.
    Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the StockFry.com or its staff.
    2.  Kim      9/10/2008 9:57:30 AM IST
    Oil prices have slid so far and so fast that the retreat has led analysts to predict further puncturing of what they call a speculative bubble. Many analysts don`t see a floor at $100, but rather at levels as low as $70 or $80. "This is start of a fall to $80 crude by the end of the year, maybe as early as September," says Joel Fingerman, principal of FundamentalAnalytics.com, a Chicago-based energy consulting firm.

    "Oil prices are dropping because they are inflated," says Fadel Gheit, senior energy analyst for Oppenheimer (OPY). "You cannot sustain an artificial price forever. At the end of the day supply-demand fundamentals will take over."
     

    1.  Kim      9/4/2008 10:24:05 AM IST
    Oil prices probably need to fall further to reach a level that would actually lead to higher demand. Best guess is a price somewhere between $80 and $90 a barrel.

    oil hitting $80 in the next few months is certainly possible.
     



     

    Post / Reply Messages

    All comments are screened by StockFry.com staff members. Please read the rules before posting.
    Name*
    Email*   (We do not share email ids)
    Comment*

     
    Stocks starting from the letter:
    Home   |    Contact Us   |    About Us   |    Privacy Policy   |    Sitemap   |    Discussion Forums   |    IPO Home
    Copyright © 2001 - 2008 StockFry.com All Rights rserved. For questions, comments, suggestions and praise Contact us today.