EIA Reports Surprise Increase in Crude Oil Stockpiles - April 26, 2012 23:54

Energy Information Administration released its weekly inventories report on Wednesday according to which crude oil inventories increased 4 million barrels for the week ended April 20th, 2012. Analysts on average expected the gain of 1.5 million barrels for the respective week. Energy Information Administration also reported gasoline inventories according to which gasoline stockpiles fell 2.2 […]

Crude Oil Decline on Lower Demand Outlook - April 24, 2012 23:54

Crude oil futures declined on Monday in reaction to raising concerns over euro zone stability and slower economic data from China. Both factors made investors question the global demand outlook of the oil. However there was some positive news rumoring in the market too that International Monetary Fund has increased its lending capacity to safeguard […]

Crude Oil Gains on Successful Spanish Bond Auction - April 18, 2012 23:56

Crude oil futures gained on Tuesday as worries on euro zone’s debt problems eased in reaction to successful bond auction in Spain. Moreover, Germany’s investor confidence also increased for the fifth consecutive month easing the tensions among investors for the euro zone. Crude oil futures contract for May delivery gained 1.2 percent or $1.27 to […]

Crude Oil Jumps on Fed’s Shaky Comments - April 13, 2012 23:55

Crude oil futures closed higher on Thursday as investors were uncertain over the comments by US Federal Reserve officials indicating further round of quantitative easing. The major officials of US Federal Reserve, William Dudley and Janel Yellen commented on US economy and indicated chances of another round of quantitative easing. Crude oil futures contract for […]

Increase of 2.8 Million Barrels in Oil Supplies: EIA Reports - April 12, 2012 23:46

The Energy Information Administration released its inventories data on Wednesday according to which crude oil stockpiles increased by 2.8 million barrels for the week ending April 6th, 2012. Analysts on average expected the increase of 1.8 million barrels for the respective week. The EIA reported decrease of 4.3 million barrels in gasoline inventories as compared […]

Energy Information Administration Reports Increase in Oil Inventories - April 5, 2012 23:51

Energy Information Administration released its weekly report on crude oil inventories on Wednesday, according to which oil supplies for the week ending March 30th, 2012 surged 9 million barrels while analysts expected increase of 1.9 million barrels for the respective week. EIA also reported its data on gasoline stockpiles which fell by 1.5 million barrels […]

Crude Oil Falls on Dollar Strength - April 4, 2012 23:54

Crude oil futures declined on Tuesday as the latest minutes of US Federal Reserve’s meeting revealed no chances of further easing in monetary policy. The news strengthened the US dollar making commodities and crude oil less attractive. The dollar index DXY which tracks the US dollar movement against the basket of its six major rivals […]

Oil Jumps on Better Than Expected US Manufacturing Data - April 3, 2012 23:55

Crude oil futures advanced on Monday as investors were optimistic after the release of US manufacturing data. Further to add, the decision of Iraq to stop oil exports from Kurdish region further gave support to oil in global markets. As per latest data of the Institute for Supply & Management the US manufacturing index gained […]

Crude Oil Slightly Gains on Bernanke’s Speech - March 27, 2012 23:50

Crude oil futures gained on Monday after the US Federal Reserve’s Chairman Ben Bernanke indicated possible chances of more easing in US monetary policy. On Monday, Bernanke expressed his opinion of fewer chances in sustainability in labor market improvements in the long run. Investors and most analysts interpreted further easing in monetary policy from Bernanke […]