Finotec News Archive - August 23 2007
Gold Rises as Stock Strengthen
Crude Oil: after the U.S. government reported domestic crude stocks rose last week, defying the market consensus that inventories fell. Crude futures had been up early amid uncertainty over
U.S. crude oil futures ended lower on WednesdaySagiv Perez 
23 August 2007
Print this article
Subscribe to RSS
whether Hurricane Dean wrought any damage as it passed production platforms of Mexico's state-owned Pemex oil company in the Gulf of Mexico. Pending Pemex's damage assessment, production in the U.S. Gulf was being rapidly restored after precautionary shutdowns prior to Dean moving far to the south into Mexico. “"Crude has slashed losses today on late short-covering, after October found support near $68.60. You can also say strong gasoline helped crude today," said a floor broker.
A future contract on the Crude oil traded around the levels of 69.45$ a barrel on 20:30(GMT)
Finotec Analysis Team
23 August 2007
Print this article