Posts Tagged ‘Brent crude oil’
Gold and Oil News - July 6, 2012 23:49
EIA Reports decrease of 4.3 Million Barrels in Oil Supplies
Energy Information Administration released its inventories report on Thursday according to which crude oil inventories declined by 4.3 million barrels for the week ending June 29th, 2012. Analysts on average expected the crude oil supplies to fell by 2 million barrels. EIA also released its data on gasoline inventories which increased by 200,000 barrels for […]
Crude Oil Gains on Inventories Data
Crude oil futures gained 2 percent on Wednesday as investors got optimistic for the crude oil on the news of reduced US inventories surpassing all expectations. According to the latest report of Energy Information Administration crude oil inventories decreased by 4.4 million barrels for the week ended June 24th, 2011 as compared to expected decline […]
Crude Oil Futures remain Under Pressure
Crude oil futures remained under pressure on Monday and declined 2 percent as investors were uncertain about the upcoming US economic indicators. Crude oil futures contract for July delivery slipped 2 percent or $1.99 to $97.30 per barrel on New York Mercantile Exchange. Portfolio manager, James Cordier from Optionsellers.com in Florida commented, “There’s a great […]
Crude Oil Falls below $112 per barrel
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 Futures Decline as Traders remain Uncertain about Future Demand
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 Posts Its Highest Weekly Gain Since September 2008
The US crude oil future surged on Friday and reported the highest weekly gain since September 2008 over political turmoil and escalating riots in Libya. On Thursday the crude oil price reached their highest in last 2.5 years.
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