Wed 10 Feb 2010 | 14:43 IST
You are here: Home > Money > Business News > Article
Home
Money
Business News
Hot Stocks
Company Results & Outlooks
IPOs
Hedge Funds
Regulatory News
Markets
Deals
Economy
Industries
Quotes
Funds
Currencies
Personal Finance
Portfolio
News
Do More With Reuters
RSSRSS Feed
Widgets
Mobile
Newsletters
Partner Services
City SearchNew
About Thomson Reuters

Oil below $60 "overshooting" to the downside - IEA

Wed Nov 12, 2008 5:52pm IST
 
Email | Print | | Single Page
[-] Text [+]

LONDON (Reuters) - The price of oil, which sank below $58 a barrel on Wednesday, is "overshooting" to the downside, said the head of the International Energy Agency.

"The market sometimes responds by overshooting," Nobuo Tanaka told Reuters following the release of the agency's 2008 World Energy Outlook.

"Now the market is over-reacting a little too much, I think."

INDIA ECONOMY

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
Economy seen growing at 7.2 pct in FY10 - govt

The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget.  Full Article 

Food prices seen softening - Ahluwalia
No plan to raise FII limit in debt - official

REUTERS COLUMNS

Market strength tempts India back into M&A fray
Market strength tempts India back into M&A fray
Consequences of oil subsidy
Consequences of oil subsidy
A relook at the benchmark prime lending rate
A relook at the benchmark prime lending rate
Photo

PERSONAL FINANCE - TAX SEASON

Plan your taxes - by age and stage
Home loans and taxes
Understanding your tax slab
Income from shares and taxation
Save tax through health insurance and education loans
Basics about section 80C
Plan your taxes - by age and stage

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives
Greece's Finance Minister Papaconstantinou addresses reporters during a news conference in Athens, January 20, 2010.
Eurozone agreed in principle to aid Greece

Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said.  Full Article 

FROM THE MARKETS

After the Bell
After the Bell

Reuters Money's Kshitij Anand updates you on the movers and shakers of the Indian stock market.  Blog 

SHOWCASE

"Claw Back" Pay
"Claw Back" Pay

Banks and regulators hope that threats to "claw back" pay if trades later blow up will rein in risk taking on Wall Street.  Full Article 

 
James Saft
Blaming Asperger's

COLUMN - Did Asperger's help cause the financial crisis?  Full Article 

 
Going Global
Going Global

With Volvo, Chinese eye M&A abroad to win at home.  Full Article 

 
Delivery Woes
Delivery Woes

Boeing 787 delivery schedule could slip - experts.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage