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    <title>Oil supermajors caught by falling prices</title>
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    <pubDate>Mon, 02 Nov 2009 10:35:10 +0400</pubDate>
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        One year ago, the biggest oil companies in the world were able to report record profits, due to high oil prices. In the third quarter of 2008, the world's largest oil company, ExxonMobil, reported a record profit of $14.8bn. One year later in the same period, the US integrated oil company showed a profit drop of 68%. What a big difference an average oil price of $118 (Q3-2008) versus $68 (Q3-2009) can make.
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    <title>Gold profits from dollar weakness</title>
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    <pubDate>Thu, 22 Oct 2009 12:12:35 +0400</pubDate>
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        Investors are still risk averse, witnessing rising gold prices and rising stock markets. Gold futures with delivery for December 2009 recently reached an all time high above $1,070 per troy ounce. After wobbling over many months in a broad trading range, Gold finally chose its direction by breaking the heavy psychological barrier of $1000. At current levels, Gold is being traded in unchartered territory.
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    <title>Have world markets turned the corner?</title>
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    <pubDate>Wed, 09 Sep 2009 10:50:29 +0400</pubDate>
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        Oil prices (WTI and Brent Crude Oil) have more than doubled since the bottom hit the low $30's at the beginning of the year. West Texas Intermediate even recently touched a high of $75 in August. In the past six months, commodity prices recovered sharply on hopes that the recession was beginning to ease. Some analysts even stated that economic recovery would pull us out of the worst recession since the Second World War.
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    <title>ICE Middle East Sour Crude Oil</title>
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    <pubDate>Mon, 10 Aug 2009 15:38:04 +0400</pubDate>
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        In my previous columns, when I discussed 'the oil market' I referred to the benchmarks of the West Texas Intermediate (WTI ) and the European equivalent Brent Oil. This time I would like to pay attention to futures based on the Middle East Sour Crude Oil, traded at the Intercontinental Exchange (ICE). 
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    <title>Balancing gold and oil: Part 2</title>
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    <pubDate>Tue, 14 Jul 2009 16:12:13 +0400</pubDate>
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        At the beginning of March, I discussed the interesting price development of gold versus oil. At that moment (West Texas Instruments) Light Sweet Crude Oil was traded at a level of $44, meanwhile gold traded at $900. The Gold/Oil-ratio (GOR) therefore traded at around 20. At these levels I argued that this could deliver a golden opportunity: Long oil versus short gold. 
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