Singapore Property and Real Estate News Portal

World oil price at new record high of nearly US$121 Posted: 06 May 2008 1758 hrs SINGAPORE : World oil reached a new record price of nearly US$121 a barrel as concerns over the United States economy eased, analysts said Tuesday. New York’s main oil futures contract, light sweet crude for June delivery, reached an [...]

New York oil price crosses US$120 for first time Posted: 05 May 2008 2336 hrs NEW YORK: Oil prices crossed 120 dollars a barrel for the first time on Monday following fresh unrest in Nigeria, Africa’s largest oil producer, and rising tensions between the West and Iran. New York’s main oil futures contract, light sweet [...]

Oil prices slip as dollar finds footing Posted: 02 May 2008 0439 hrs NEW YORK: World oil prices slipped on Thursday as the dollar found new strength against amid market expectations that the US Federal Reserve has paused its aggressive interest rate-cutting campaign. New York’s main oil futures contract, light sweet crude for June delivery, [...]

Oil prices dive on robust US crude reserves Posted: 01 May 2008 0632 hrs NEW YORK : Oil prices tumbled on Wednesday as traders reacted to rising US crude inventories and a generally stable dollar after the latest Federal Reserve rate cut, analysts said. Prices had already erased more than three dollars on Tuesday as [...]

Oil prices edge higher towards US$114 Posted: 01 May 2008 2012 hrs LONDON : Oil prices rose slightly on Thursday after falling sharply the day before in response to a bigger-than-expected rise in US crude reserves. New York’s main oil futures contract, light sweet crude for June delivery, rose 13 cents to 113.59 dollars per [...]

Oil prices edge up, but fail to break US$120 Posted: 24 April 2008 0353 hrs NEW YORK: Oil prices edged higher on Wednesday but steadied after failing to top 120 dollars a barrel, as traders digested a mixed report on US stockpiles and growing concerns over soaring energy costs. New York’s main oil futures contract, [...]

World oil prices strike record peaks above US$119 Posted: 23 April 2008 0442 hrs NEW YORK: World oil prices jumped to record peaks above 119 dollars on Tuesday in response to the weak US dollar, unrest in Nigeria and OPEC’s reluctance to hike output, traders said. Global supply jitters have seen oil contracts traded in [...]

Wall Street pummelled by oil price surge, weak housing Posted: 23 April 2008 0547 hrs NEW YORK: Wall Street stocks skidded on Tuesday as sentiment took a hit from fresh records for oil futures, a weak report on housing and cautious guidance from companies reporting earnings. The Dow Jones Industrial Average dropped 104.79 points (0.82 [...]

Concern mounts as oil price nears US$120 Posted: 23 April 2008 1051 hrs SINGAPORE – International concern mounted as world oil prices edged closer to US$120 a barrel Wednesday and the world’s top producer called for calm. Analysts said a weakening US dollar, supply worries in Nigeria and the OPEC cartel’s reluctance to increase output [...]

Pump prices would have risen more if S$ had not firmed against US$ By Chio Su-Mei, Channel NewsAsia | Posted: 22 April 2008 1654 hrs SINGAPORE: Pump prices in Singapore would have risen more had the Singapore dollar not strengthened against the US dollar. Senior Minister of State for Trade and Industry S Iswaran said [...]