Posts Tagged ‘Crude oil’
Gold and Oil News - November 5, 2018 11:17
Is Crude Oil Set to Bounce After a Month of Falls?
It’s fair to say that Crude oil and Brent oil prices were under serious pressure for the whole of October. Brent oil retraced around 18% from the high of the 4th October, which helped fuel a wider market sell off. Brent is now trading around the levels of July and August 2018, which held firm […]
Stock Markets Wobble and Completely Fall Down
European shares continue to fall hard. The trigger began as the US markets were hit hard during yesterdays trading session, as investors were seriously concerned about a possible trade war and US bond yields. Asian stocks joined in the trend as they plummeted to an 19 month low overnight. Share price valuations have been extremely […]
Opec Trying To Put Some Support Into Oil Prices
This week began in much the same fashion as they left last week with Oil prices rising. Expectation of a cut in output from OPEC, which could extend into 2018, pushed Crude Oil higher on the futures exchanges. In early trade UK on Tuesday, Brent Oil had fallen back from it’s high, but still remains […]
Oil Prices: How Much Further Will They Let This Slide?
Oil prices are heading back down it seems. After spiking to a high above $54 on the basis of a cut in production by Russia and other countries after the OPEC landmark deal, it’s been falling steady. There’s already a concern on trust in the statement from OPEC if it will adhere to what it […]
Where’s The Range For Crude Oil Prices Right Now?
Since the all-out fear of late 2015 and early 2016 subsided, Crude Oil prices have gained more than 50% since the mid February low. The question on everyone’’s lips now, is how far can Oil prices go? As the fear began to dissipate Crude rallied, and rallied strong, to a high above $42 in March. […]
Crude Oil Gains on Supply Uncertainty
Crude oil futures gained on Tuesday despite stronger US dollar as investors were concerned over global oil supplies on threat of Syrian conflict may be spreading to other mid eastern countries. Moreover, the move of China for tackling slower growth in their economy also boosted the investors’ sentiment. On Tuesday, the People’s Bank of China […]
Crude Oil Declines on Global Demand Uncertainty
Crude oil futures declined on Monday as investors remained uncertain over global demand of oil in reaction to slow Chinese economic growth. The World Bank on Monday reduced its growth forecasts for the East Asia and the Pacific region which created concerns over economic activity in the regions. The World Bank also indicated that Chinese […]
Crude Oil Declines in Reaction to Plosser Comments
Crude oil futures fell on Tuesday in reaction to comments of US Federal Reserve’s official Plosser that the Central Bank will probably launch the third round of Quantitative easing. Plosser also indicated that US Federal Reserve may increase short term interest rates much sooner than expectations.
EIA Reports Decline of 7.4 Million Barrels in Oil Supplies
The Energy Information Administration released its report on Thursday which was delayed due to Labor Day this week. According to the EIA’s report, crude oil inventories fell by 7.4 million barrels for the week ending August 31st, 2012 while analysts predicted the drop of 5 million barrels. EIA also reported the its data on gasoline […]
Crude Oil Volatile on Weak Economic Data
Crude oil futures slightly gained on Wednesday after volatile session due to weak macroeconomic data, while on the positive side investors were hoping for decrease in oil inventories data. Investors were pessimistic after the decline in US manufacturing data which fell for the third consecutive month. The euro zone’s Markit purchasing managers’ index also turned […]
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