Oil price slumped over August, sliding from around USD $83 at the beginning of August, to USD $71.74 at the closing of the month. It seems that a weak demand in stocks and commodities throughout August was the leading cause for a bearish downtrend to the overall market sentiment. Reassurance by Ben Bernanke’s speech given on 27 August […]
The rise of Gulf Keystone Petroleum
A takeover rumour in late July, then news on the arrival of a drill rig and commencement of drilling operation in Sheikh Adi, Kurdistan, and then further news on Jurassic Zone Testing on the Shaikan-1 Discovery Well, Gulf Keystone Petroleum’s share price catapulted from around 70 pence per share in July 2010, to 102.25 pence closed on 6 […]
