Crude Oil Futures Fell on Wednesday on Profit Taking - October 13, 2011 21:30

Crude oil futures declined on Wednesday as investors were uncertain after release of the current Federal Open Market Committee meeting in which the officials forecasted sluggish economic growth till the end of the current year. Many analysts believed that profit taking was overdue after the bullish rally of consecutive five days. Analyst, Jim Ritterbusch from [...]

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 gains on Tuesday in reaction to Bullish Stock markets - August 24, 2011 23:58

Crude oil futures surged on Tuesday in reaction to performing US stock markets. Crude oil futures for October delivery jumped 1.2 percent or $1.02 to settle at $85.44 per barrel on New York Mercantile Exchange. London’s Brent crude for October also surged 0.9 percent or $0.95 to $109.31 per barrel on ICE Futures exchange. Stock [...]

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 Futures witness Profit Taking on Friday - August 12, 2011 23:48

Crude oil futures declined on Friday as investor opted for profit taking. Some negative sentiment was also seen in the market due to reduced consumer sentiment report. President of Strategic Energy & Economic Research in Massachusetts commented, “The consumer sentiment (data) didn’t help … People figured, better to stay out for the weekend.” According to [...]