LONDON (Reuters) - Oil slipped further on Friday from a three-month high hit earlier in the week, as forecasts called for unseasonably warm weather to linger in the U.S. Northeast.
U.S. crude settled down 25 cents at $62.41 a barrel, extending a tumble from Wednesday brief climb over $64, which was the highest since late September. London Brent crude fell 4 cents to $62.42 a barrel.
Modelling the eonomic impact of climate change: Anywhere from a 3% to a 9% reduction in global GDP (U.K./Stern)
Housing Futures and Foreign Exchanges
Investors in to Equities
Some thoughts on my side:
Any good recommendation on weather derivatives.
Why equity is becoming hot. Is bull run a reason.
Recommendation
Read href="http://paul.kedrosky.com">Paul Kedrosky
Tuesday, December 26, 2006
Weather derivatives, Equity race
Posted by Vijaychandran Veerachandran at 7:53 AM
Labels: Oil, Paul Kedrosky, Weather derivatives