Monday October 29, 2007

Another day, another record ($92.79)

Another day, another record high in crude oil prices. $92.22 barely lasted one weekend. This morning, I got up, went to the office, and found myself sitting down to a new record : $92.79 per barrel Nymex crude oil delivery for Dec 2007.

This one looks dollar-driven. The news outlets are talking about the USD falling to yet another record low against the euro. At the moment of writing :

CAD/USD = 1.041667 (1.03 has been broken!)
EUR/USD = 1.4407 (1.43 has been broken!)
USD/SGD = 1.4531 (bye-bye 1.46)
SGD/MYR = 2.297297 (rising in tandem?)

The US dollar index, USDX, is at 76.894, having fallen below 77.

Compare this to the figures blogged earlier on 18 Sep 2007, barely one and a half months ago :

1. USD/SGD=1.5068 (how far the mighty have fallen)
2. SGD/MYR=2.310519
3. USD/CAD=1.0094 (notice how I've swapped around to CAD/USD nowadays!)
4. EUR/USD=1.3979 (compare & contrast!)

And the U.S. dollar index (was) : USDX=79.169

- Update : Scratch that last. The new record is :

$93.18
$93.19
$93.20

See also :

1. Oil rises to record $91.10 (26 Oct 2007)
2. Crude oil reaches record $90.02 after dollar drops against euro (19 Oct 2007)
3. Oil surges to record $88.20 (17 Oct 2007)
4. Oil futures hit new record above $86 (16 Oct 2007)
5. US dollar index falls below 80

(2007-10-29 10:13:26 SGT) [Energy] Permalink

Most popular blog postings on lowem.log :

1. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Honda Civic Hybrid preliminary specifications released
4. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
5. How to insert currency exchange rates into Google Spreadsheets
6. Singapore : Nuclear power not ruled out
7. Live spot gold price quotes chart on COMEX
8. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option

Featured articles on lowem.log :

1. 2010 Honda Civic Hybrid preliminary specifications released
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
4. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
5. New efficient nanotech materials may boost enhanced geothermal power systems
6. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
7. Singapore property market recovery seen as private home sales surge 52% in Jul 2009
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004