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Finotec News Archive - May 06 2008

Oil reaches new record high

Oil prices hold near record highs yesterday, when it passed the $120 per barrel

Joana Fonseca
06 May 2008

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Oil prices hold near record highs yesterday, when it passed the $120 per barrel; today it already reached the $120.87. US light crude for June delivery, a global benchmark, jumped more than $4 on Monday to a record high of $120.36 on supply concerns about Iran and Nigeria. “A lot of this is supply-driven, with the market very vulnerable to any disruption in supplies”, said Mark Pervan, a senior commodities analyst at Australian & New Zealand Bank. Oil prices and other Dollar-denominated commodities usually rise to adjust to inflation, as the Dollar slumps.

Finotec Analysis Team
06 May 2008

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Real Time Economic Events

Event Date

Leading Index m/m(USD)	19.05.2008 14:00
Tertiary Industry Activity Index m/m(JPY)	19.05.2008 23:50
PPI m/m(EUR)	20.05.2008 06:00
BOJ Monthly Report(JPY)	20.05.2008 06:00
PPI m/m(CHF)	20.05.2008 07:15
German ZEW Economic Sentiment(EUR)	20.05.2008 09:00
ZEW Economic Sentiment(EUR)	20.05.2008 09:00
Wholesale Sales m/m(CAD)	20.05.2008 12:30
PPI m/m(USD)	20.05.2008 12:30
Core PPI m/m(USD)	20.05.2008 12:30
WMI Consumer Sentiment m/m(AUD)	21.05.2008 00:30
MPC Meeting Minutes(GBP)	21.05.2008 08:30
Public Sector Net Borrowing(GBP)	21.05.2008 08:30
Core CPI(CAD)	21.05.2008 11:00
CPI m/m(CAD)	21.05.2008 11:00
Leading Indicators m/m(CAD)	21.05.2008 12:30
Crude Oil Inventories(USD)	21.05.2008 14:30
FOMC Meeting Minutes(USD)	21.05.2008 18:00
All Industries Activity Index m/m(JPY)	21.05.2008 23:50
Trade Balance(JPY)	21.05.2008 23:50
Retail Sales m/m(EUR)	22.05.2008 08:00
Business Investment q/q(GBP)	22.05.2008 08:30
Industrial New Orders m/m(EUR)	22.05.2008 09:00
CBI Industrial Trends Orders(GBP)	22.05.2008 10:00
Core Retail Sales m/m(CAD)	22.05.2008 12:30
Retail Sales m/m(CAD)	22.05.2008 12:30
Jobless claims(USD)	22.05.2008 12:30
BOJ minutes(JPY)	22.05.2008 23:50
Trade Balance(CHF)	23.05.2008 06:15
Consumer Spending m/m(EUR)	23.05.2008 06:45
GDP q/q(GBP)	23.05.2008 07:30
GDP q/q(GBP)	23.05.2008 07:30
GDP q/q(EUR)	23.05.2008 09:00
Existing Home Sales(USD)	23.05.2008 14:00

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