Posts Tagged ‘Crude oil futures contract’
Gold and Oil News - May 9, 2012 23:51
Crude Oil Declines on Euro Zone Worries
Crude oil futures fell on Tuesday in reaction to lower global equity markets and rising uncertainty ahead of elections in Europe. According to most analysts, concerns over the single currency region’s economic growth raised after the week US jobs data on Friday. Investors were doubtful as the both major economies the euro zone and the [...]
Crude Oil Futures Jump on Positive Global Economic Outlook
Crude oil Futures gained on Monday as investors were optimistic on the positive outlook for global economy. Moreover weaker greenback also supported the boost in the oil prices. Investors were upbeat on the latest comments by the head of International Monetary Fund who was positive about the global economy. However IMF’s Head Christine Lagarde was [...]
Crude Oil Declines on Thursday
Crude oil futures plunged on Thursday as investors were uncertain over the strong bearish sentiments in US stock markets. Most of the investors and traders held the opinion that US Federal Reserve’s latest move to prolong debt maturities would not have any impact over the US economy. Moreover China’s manufacturing data also created more negativity [...]
Crude Oil Futures Slightly Gain in Reaction to Better than Expected manufacturing Data
Crude oil futures slightly gained on Thursday in reaction to better than expected US and Chinese manufacturing data. China’s manufacturing data turned out to be better than expected as China’s Purchasing Mangers’ Index gained to 50.9 for the month of August as compared to 50.7 in the month of July. Analysts expected manufacturing index to [...]
Crude Oil Futures Decline on Increased Supply
Crude oil futures gained on Wednesday as inventories increased as per latest report of Energy Information Administration. According to the latest data of EIA, crude oil inventories increased by 5.3 million barrels for the week, whereas analysts expected the decline of 1.2 million barrels. As per data on Bentz the Cushing crude stocks declined by [...]
Crude Oil Futures Jumps on Tuesday on Positive Demand Outlook
Crude oil futures gained on Tuesday as investors were optimistic about oil futures demand. The latest economic data also remained mixed, as the consumer confidence index declined to 44.5 for the month of August as compared to 59.2 in July. However Case Shiller home price index gained 1.1 percent. Crude oil futures contract for October [...]
Crude Oil witnesses Correction on Weaker Greenback
Crude oil futures declined on Friday in reaction to weaker US dollar and bearish closing at Wall Street. Crude oil futures contract for September delivery fell 0.2 percent or $0.12 to settle at $82.26 per barrel on New York Mercantile Exchange. The respective contract reached the day’s low of $79.17 per barrel while plunged 3.7 [...]
Crude Oil Gains despite Increase in Oil Inventories
Crude oil futures gained on Wednesday despite increase in US oil inventories reported Energy Information Administration. As per latest report of EIA, crude oil inventories increased by 4.2 million barrels for the week ended August 12th, 2011. On the other hand analysts were expecting oil supplies to decrease by 500,000 barrels for the respective week. [...]