Weekly Outlook for Crude Oil - May 23, 2011 23:40

List of important events to affect the trading of crude oil futures contract are as follows: On Tuesday United States will report its new home sales index for the month of April and expect home sales to increase by 1.7 percent to 305,000 units as compared to prior forecast of 300,000 units. On Wednesday United […]

Crude Oil Futures Gain on the Positive US Economic Data - May 13, 2011 12:04

Crude oil futures moved with bullish sentiments on Thursday on positive US economic data and weakening greenback. Crude oil futures for June delivery gained 0.8 percent or $0.76 to $98.97 per barrel on New York Mercantile exchange. The contract earlier jumped up to $100 per barrel. Energy broker Jay Levine from Energay LLC commented, You […]

Base Metals Decline as the Greenback Strengthens - May 12, 2011 0:57

Base metals remained under pressure on Wednesday as traders were uncertain over sovereign debt situation of Greece which resulted in weakening of the 17-nations shared currency. Gold futures contract for June delivery dropped 1 percent or $15.50 to $1,501.40 per ounce on Comex trading session of New York Mercantile Exchange. Silver futures contract for July […]

Crude Oil Futures Declines as CME Group Raises Trading Limits - May 12, 2011 0:24

Selling pressure was seen in trading of crude oil futures as CME Group raised trading limits for several energy contracts after halting the trading session in New York. The sudden step by CME Group was taken in reaction to increase in US oil stockpiles. Crude oil futures contract for June delivery plunged to $97.50 per […]

Crude Oil Falls below $112 per barrel - April 26, 2011 0:26

Crude oil futures remained under selling pressure on Monday as many experts thought that the correction was overdue. Crude oil futures contract for June delivery dropped 0.7 percent or $0.72 to $111.49 per barrel at New York Mercantile Exchange on Monday as compared to $113.48 per barrel on prior trading session. Crude oil has gained […]

Crude Oil Surged More than $109 per Barrel on US Inventories Data - April 21, 2011 14:11

Crude oil futures gained on Wednesday as United States released its key data on oil inventories. Escalating riots and violence in Nigeria also created uncertainty among investors on global oil supply and hence resulted in further hike in oil prices.  According to the latest news almost 33 people were killed due to violence in Nigerian […]

Crude Oil Futures Decline as Traders remain Uncertain about Future Demand - April 13, 2011 0:27

Crude oil futures remained under pressure on Tuesday and traders were worried that high oil prices could result in decreased demand globally. Light crude oil futures contract for May delivery declined 3.3 percent or $3.67 to $106.25 per barrel on Globex trading session of New York Mercantile Exchange. Crude oil future contract plunged 2.4 percent […]

Crude Oil Jumps above $124 on escalating Libyan Conflict - April 8, 2011 22:39

Crude oil futures contract reached its highest in last 32 months on Friday’s overnight trading session.  Investors feared long-term oil supply cut from Libya on the latest update of country’s conflict. It seems that oil fields are being targeted in result of military strikes in Libya. Experts foresee more chances of losing crude oil for […]

Gold Futures Move in Bullish Rally for Third Consecutive Day - April 7, 2011 23:49

Gold futures remained bullish on Thursday and posted gains for three consecutive days. The gold future contract made its intraday record high in last 31 years.  Uncertainty grew over the sovereign debt problems in Europe, moreover higher inflationary pressures made investors shift their focus towards the safe haven status of Gold. However many experts believe […]