Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Crude futures rebound as U.S. stocks rally
+ -
08:20, February 25, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Crude prices tumble despite OPEC output cut warning
 Brazilian oil giant's production up 4.8% in January
 Government blames Canada's trade deficit on falling oil prices
 Crude prices close lower on larger-than-expected U.S. inventories
 Crude prices plunge after EIA lowers global oil demand forecasts
 Comment  Tell A Friend
 Print Format  Save Article
Crude prices rose Tuesday despite dim economic data as U.S. stocks rallied from a 12 year low.

A report from the Standard & Poor's/Case-Shiller showed home prices tumbled by the sharpest annual rate on record in the fourth quarter and in December. Prices are now at levels not seen since the third quarter of 2003.

The New York-based Conference Board said Tuesday that its Consumer Confidence Index, which was down slightly in January, plummeted more than 12 points in February to 25, from the revised 37.4 last month.

However, Wall Street rallied Tuesday after Federal Reserve Chairman Ben Bernanke signaled that nationalization of major banks was not at hand.

Light, sweet crude for April delivery was 1.52 U.S. dollars to settle at 39.96 dollars on the New York Mercantile Exchange.

Brent prices rose 1.51 dollars to settle at 42.50 dollars on the ICE Futures exchange in London.

Source: Xinhua

  Your Message:   Most Commented:
British boy becomes father at 13 
Satellite collision reflects necessity for int'l laws: Russian expert
Survey on two sessions
China-made electric cars to enter US market
U.S. Secretary of State Hillary Clinton arrives in Beijing for China visit

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved