Energy Information Administration Reports Increase of 2.1 million Barrels in Oil Supplies - May 17, 2012 23:56

Energy Information Administration released its inventories report on Wednesday which reported gain of 2.1 million barrels in crude oil inventories for the week ending May 11th, 2012. Analysts were expecting the increase of 1.5 million barrels in crude oil supplies. EIA also reported gasoline stockpiles which fell 2.8 million barrels while analysts expected decrease of […]

EIA Reports Increase in Crude Oil Stockpiles - March 15, 2012 23:37

Energy Information Administration released its inventories data on Wednesday according to which crude oil supplies gained 1.8 million barrels for the week ending March 9th, 2012 while analysts forecasted the increase of 2.1 million barrels. The EIA reported decrease of 1.4 million barrels in gasoline inventories while analysts expected the decline of 1.4 million barrels […]

Crude Oil Futures Keep Rallying over Euro Zone’s Debt Crisis - November 9, 2011 23:30

Crude oil futures gained on Tuesday in reaction to euro zone’s sovereign debt problems. Crude oil futures contract for December delivery gained 1.3 percent or $1.28 to settle at $96.80 on the New York Mercantile Exchange. Other than worries over euro zone’s debt crisis the markets were also concerned over Iran’s nuclear weapons capabilities and […]

Crude Oil Declines in Reaction to Increased Stockpiles - September 29, 2011 23:55

Crude oil futures fell 3.8 percent on Wednesday in reaction to increased crude oil inventories for the week. As per latest data of Energy Information Administration, crude oil inventories increased 1.9 million barrels for the last week while analysts expected no change in oil stockpiles. Gasoline inventories supplies surged 800,000 barrels while analysts expected gasoline […]

Weekly Outlook for Forex - August 2, 2011 23:59

Yesterday in euro zone official data on unemployment rate was published while United Kingdom reported its data on country’s manufacturing activity. In United States, Institute of Supply Management reported manufacturing activity index which fell to 50.9 against analysts’ projections of 55. On Tuesday August 2nd, 2011, United States reported its official data on personal consumption […]

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 […]

Crude Oil moves in a Strong Bullish Rally on Expectation of Higher Demand - June 29, 2011 23:56

Crude oil futures jumped on Tuesday as investors and most of the analysts foresee higher global demand for oil due to sluggish US economy and Greece’s debt crisis. Crude oil futures contract for August delivery jumped 2.5 percent or $2.28 to $92.89 per barrel on New York Mercantile Exchange. The surge on Tuesday was the […]

Crude Oil Moves down as IEA announces to Release more Oil Inventories in to World Markets - June 24, 2011 20:24

Crude oil futures plunged on Thursday after the announcement of International Energy Agency to release 60 million barrels of crude oil to world markets to cover the global shortage. Crude oil futures for August delivery declined 4.6 percent or $4.39 to $91.02 per barrel on New York Mercantile Exchange. The respective contract touched the day’s […]