Crude Oil Futures Decline on Increased Supply - September 1, 2011 23:39

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 - August 31, 2011 23:37

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 - August 19, 2011 23:28

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 - August 18, 2011 23:46

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. […]

Crude Oil Plunges to its Five Weeks Lowest on Tuesday - August 3, 2011 23:55

Crude oil futures contract remained under pressure on Tuesday on latest US economic data. As per latest report of US Commerce Department consumer spending declined 0.2 percent for the month of June. US personal income gained to seasonally adjusted 0.1 percent which happens to be its smallest increase since last November. Crude oil futures contract […]

Crude Oil Gains on Positive US Jobs Numbers - July 30, 2011 0:00

Crude oil futures gained on Thursday as US jobless numbers reduced substantially. As per the latest report of US Labor Department, the jobless claims declined 398,000 as compared to 400,000. Crude oil futures contract for September delivery gained $0.04 to $97.44 per barrel on New York Mercantile Exchange after touching its day’s highest of $98.01 […]

Crude Oil moves in Bullish Drive - July 22, 2011 22:26

Crude oil futures gained on Friday as development on euro zone’s debt crisis made investors optimistic about crude oil. The light sweet crude oil futures contract for September delivery surged 0.7 percent or $0.66 to $99.69 per barrel on Friday at New York Mercantile Exchange. The respective contract jumped to day’s high of $99.95 per […]

Crude Oil remains under pressure on Thursday - July 15, 2011 22:18

Crude oil remained under pressure on Thursday as investors were uncertain over the implementation of quantitative easing 3 by US Federal Reserve. Crude oil futures contract for August delivery declined $2.36 to $95.69 per barrel on Thursday at New York Mercantile Exchange. Peter Beutel, President of trading advisory firm from Connecticut commented, “A lot of […]

Crude Oil Crosses $98 on Thursday on Better than Expected Inventory Data - July 8, 2011 20:17

Crude oil futures contract crossed the level of $98 per barrel on Thursday on positive inventories and jobs data. According to the latest numbers given by US Energy Information Administration crude oil inventories declined by 900,000 barrels for the week ending July 1st, 2011, whereas analysts forecasted the decline of 2.5 million barrels. Principal at […]