BP Oil Stock and Market Prices – Part 3

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Posted by Tamar | Posted in BP oil stock, Uncategorized, World markets, binary options trading, currencies, oil | Posted on 20-06-2010

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Oil Prices

Among the different developments likely to influence oil prices for both the short and long-term future are:

  • Obama’s decision to delay drilling near Alaska until 2011
  • Increasing general restrictions on rigs and platforms in US territories
  • Regulations causing fewer jobs than expected for the future
  • Increased demand for oil during the summer months
  • Chinese gasoline demand is weak in light of increased sales for vehicles in 2010

    When crisis like these happen in the markets, it can be a good time to invest in binary options.
    Oil prices this past week rose in light of the public’s sentiment that the world economy is recovering. Crude oil rose to $78 dollars a barrel, in spite of a greater than expected supply of US crude stockpiles, according to the US Energy Information Administration. Oil prices are expected to rise further as the summer progresses and demand for oil increases.

    BP Stock Prices

    BP stock has risen more than 9% as budgeting of $20 billion has been set aside for a clean-up policy. BP insists that they will find companies who carry responsibility for the disaster and have them pay their due. BP seems to have enough money to carry the financial burden of cleanup, according to most sources. In addition to the cleanup costs, Obama has said he will demand that an additional fund be set up to compensate those affected by the oil spill.

    Today’s announcement that day-to-day operation will be handled by managing director Robert Dudley, who is experienced in handling sensitive assignments for BP in Russia and Africa could also affect stock prices.

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    BP Oil Spill and Market Prices- Part 2

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    Posted by Tamar | Posted in BP, BP oil stock, Uncategorized, World markets, binary options trading, commodities, oil, stock spotlight | Posted on 15-06-2010

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    After the BP oil catastrophe, President Obama banned drilling in US waters deeper than 500 feet on May 30, opponents of the ban warned of a possible surge in oil prices.

    Futhermore, his decision to delay drilling near Alaska until 2011 caused deep concern to oil companies already expected to open operations in that area, ConocoPhillips and Shell Oil Co. Opponents of the regulations warn of unemployment rising in the oil industry in particular and related industries as well as fewer jobs will be available than expected.

    In addition to the ban additional regulations were proposed by government officials that include increasing standards and frequency of safety inspections of rigs and platforms operating in the Gulf of Mexico.
    The question remains as to what these regulations will do to the price of oil and the price of stocks of oil companies over the long and short term.

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