Posts Tagged ‘Brent crude’
Gold and Oil News - January 2, 2013 23:28
Gold Pushes Towards $1700, Oil Tags Along
My daughter recently discovered the original Muppet Movie on Netflix and while watching Gold and Oil today all I could think of was the great duet between Kermit and Fozzie at the beginning of the movie…. ‘movin’ right along’ indeed. Gold popped higher this morning on news that the House had approved — ostensibly with […]
EIA Reports Increase of 900,000 Barrels in Oil Inventories
Energy Information Administration released its inventories report on Wednesday according to which crude oil stockpiles increased by 900,000 barrels for the week ending May 18th, 2012 while analysts forecasted the increase of 750,000 barrels for the respective week. Another trade group, the American Petroleum Institute reported the increase of 1.5 million barrels in crude oil […]
Crude Oil Declines in Expectations of Higher Supplies
Crude oil futures plunged on Monday as Saudi Arabia’s oil minister Al-Niami indicated higher global oil inventories in his recent comments. Moreover, political crisis in Greece also boosted the attraction of the greenback eventually having a negative impact on the commodities. Crude oil futures contract for June delivery fell 1.4 percent or $1.35 to settle […]
Crude Oil Gains on Successful Spanish Bond Auction
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 Ends Higher on Eased Tensions from Iran
Crude oil futures ended higher on Monday after a volatile session in reaction to eased tensions on Iran’s situation. The talks on Iran’s nuclear program eased the tensions over oil supply. The oil also got boost from higher stock markets and lower greenback. Moreover, the news of Seaway pipeline, Enbridge & Enterprise Products Partners asking […]
Crude Oil Futures Gain on API Data
Crude oil futures gained on Thursday’s Asian trading session in reaction to decrease in inventories data released by American Petroleum Institute. As per latest report of API the crude oil inventories fell 4.8 million barrels for the week ending January 13th, 2012 whereas analysts were expecting the increase of 2.6 million barrel in crude oil […]
Oil Futures Jump to a New 12-week High
Crude oil futures gained to its 12-week high on Tuesday in reaction to bearish stock markets. Crude oil futures contract for December delivery gained 2.1 percent or $1.90 to $93.17 per barrel on the New York Mercantile Exchange. The respective contract touched the intraday high of $94.65 per barrel on Tuesday. Many analysts hold the […]
Crude Oil Plunges on Weak Economic Outlook
Crude oil futures fell on Tuesday in reaction to weak US economic outlook. Moreover, Greece’s debt situation further escalated the uncertainty among investors. Keith Springer from Springer Financial Advisors commented, “Oil is the blood that sustains the heart of economic growth, slower economic growth means less aggregate demand leading to less production of goods and […]
Crude Oil Declines on Wednesday despite decrease in Stockpiles
Crude oil futures declined on Wednesday despite decline in weekly inventories data. Â According to latest report of the Energy Information Administration crude oil inventories dropped 2.2 million barrels for the week ended August 19th, 2011 while analyst were hoping oil inventories to gain by 2 million barrels. According to EIA, gasoline inventories surged 1.4 million […]
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