{"id":1147,"date":"2011-10-05T13:39:50","date_gmt":"2011-10-05T17:39:50","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1147"},"modified":"2011-10-05T13:39:50","modified_gmt":"2011-10-05T17:39:50","slug":"oil-touches-new-2011-low-business-cbc-news","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/","title":{"rendered":"Oil touches new 2011 low &#8211; Business &#8211; CBC News"},"content":{"rendered":"<blockquote><p>The price of oil, Canada\u2019s biggest commodity export, reached a new 2011 low Tuesday.<\/p>\n<p>November oil slipped as much as $74.95 US a barrel, its lowest since September of 2010. It recovered somewhat, but still closed down $1.94 at $75.67 on the New York Mercantile Exchange, its third straight day of losses.<\/p>\n<p>Crude rose to three-year highs this year, but the reasons often cited for that increase \u2014 fears of growing Middle East tensions, rising Chinese demand, bullish views from investment banks and expectations of an aggressive U.S. stimulus plan \u2014 have diminished.<\/p>\n<p>Other market watchers have suggested the price gained solely because of rampant speculation on the commodities markets.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.cbc.ca\/news\/business\/story\/2011\/10\/04\/oil-prices.html\">Oil touches new 2011 low &#8211; Business &#8211; CBC News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of oil, Canada\u2019s biggest commodity export, reached a new 2011 low Tuesday. November oil slipped as much as $74.95 US a barrel, its lowest since September of 2010. It recovered somewhat, but still closed down $1.94 at $75.67 on the New York Mercantile Exchange, its third straight day of losses. Crude rose to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Oil touches new 2011 low &#8211; Business &#8211; CBC News&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[557,898],"class_list":["post-1147","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-canada","tag-crude-oil-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil touches new 2011 low - Business - CBC News - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil touches new 2011 low - Business - CBC News - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The price of oil, Canada\u2019s biggest commodity export, reached a new 2011 low Tuesday. November oil slipped as much as $74.95 US a barrel, its lowest since September of 2010. It recovered somewhat, but still closed down $1.94 at $75.67 on the New York Mercantile Exchange, its third straight day of losses. Crude rose to &hellip; Continue reading &quot;Oil touches new 2011 low &#8211; Business &#8211; CBC News&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-05T17:39:50+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Oil touches new 2011 low &#8211; Business &#8211; CBC News\",\"datePublished\":\"2011-10-05T17:39:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/\"},\"wordCount\":124,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Canada\",\"crude oil\"],\"articleSection\":[\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/\",\"name\":\"Oil touches new 2011 low - Business - CBC News - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2011-10-05T17:39:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/oil-touches-new-2011-low-business-cbc-news\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil touches new 2011 low &#8211; Business &#8211; CBC News\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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With each of these shifts significant in magnitude, the oil market has gone\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9572,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/","url_meta":{"origin":1147,"position":1},"title":"Depleting Putin&#8217;s war chest","author":"ColinTwiggs","date":"March 26, 2014","format":false,"excerpt":"From Quartz: The \u201cFirst Law of Petropolitics,\u201d coined by New York Times columnist Tom Friedman... states that when oil prices are high, the leaders of petro-states can become demanding and belligerent; when they are low, they are more prone to be pussycats. Oil prices at elevated levels explain Russian belligerence.\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61570,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/02\/trade-war-risks-an-oil-price-war\/","url_meta":{"origin":1147,"position":2},"title":"Trade war risks an oil price war","author":"Colin Twiggs","date":"May 2, 2025","format":false,"excerpt":"Summary The threat of a global trade war precipitated by President Trump's tariffs on imports has sent oil prices plunging, anticipating a global recession OPEC+ announced a planned 411,000 barrels per day increase in output in May, three times earlier monthly increments Low oil prices have put the Saudi budget\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-02-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-02-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-02-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":25799,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/05\/15\/all-you-need-to-know-about-inflation-in-one-chart\/","url_meta":{"origin":1147,"position":3},"title":"All you need to know about inflation in one chart","author":"Colin Twiggs","date":"May 15, 2021","format":false,"excerpt":"Actually, there are five charts but the first four are simply to explain how we get to the last one. Wage Rates & Crude Oil The first shows a history of US inflation for the past 60 years: wage rates, crude oil and the consumer price index (CPI). What this\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1955,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/17\/heres-the-real-reason-the-price-of-crude-oil-is-so-strong\/","url_meta":{"origin":1147,"position":4},"title":"Here&#8217;s The Real Reason The Price Of Crude Oil Is So Strong","author":"ColinTwiggs","date":"November 17, 2011","format":false,"excerpt":"This month\u2019s decoupling of oil from other risk assets, could be foretelling skittishness over recent events in Iran and Syria (where a growing chorus is calling for action against Assad\u2019s brutality), and even over today\u2019s report from the AFP that thousands of Kuwaitis stormed parliament after demanding the prime minister\u2019s\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58323,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/14\/stabilizing-crude-oil-prices\/","url_meta":{"origin":1147,"position":5},"title":"Stabilizing crude oil prices","author":"Colin Twiggs","date":"October 14, 2024","format":false,"excerpt":"Volatile crude oil prices damage production capacity and economic growth and cause volatile consumer price inflation. At the height of the 2020 pandemic, Nymex WTI crude oil prices fell to an unprecedented low of -$13.10 per barrel as demand dried up and oil storage facilities reached capacity. Producers faced a\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-14-crude3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-14-crude3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-14-crude3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1147"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1147\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}