Crude Oil Futures Jump on Positive Global Economic Outlook - March 20, 2012 23:52

Crude oil Futures gained on Monday as investors were optimistic on the positive outlook for global economy. Moreover weaker greenback also supported the boost in the oil prices. Investors were upbeat on the latest comments by the head of International Monetary Fund who was positive about the global economy. However IMF’s Head Christine Lagarde was […]

Crude Oil Declines on Thursday - September 23, 2011 23:41

Crude oil futures plunged on Thursday as investors were uncertain over the strong bearish sentiments in US stock markets. Most of the investors and traders held the opinion that US Federal Reserve’s latest move to prolong debt maturities would not have any impact over the US economy. Moreover China’s manufacturing data also created more negativity […]

Crude Oil Futures Slightly Gain in Reaction to Better than Expected manufacturing Data - September 2, 2011 23:28

Crude oil futures slightly gained on Thursday in reaction to better than expected US and Chinese manufacturing data. China’s manufacturing data turned out to be better than expected as China’s Purchasing Mangers’ Index gained to 50.9 for the month of August as compared to 50.7 in the month of July. Analysts expected manufacturing index to […]

Crude Oil Futures Decline on Increased Supply - September 1, 2011 23:39

Crude oil futures gained on Wednesday as inventories increased as per latest report of Energy Information Administration. According to the latest data of EIA, crude oil inventories increased by 5.3 million barrels for the week, whereas analysts expected the decline of 1.2 million barrels. As per data on Bentz the Cushing crude stocks declined by […]

Crude Oil Futures Jumps on Tuesday on Positive Demand Outlook - August 31, 2011 23:37

Crude oil futures gained on Tuesday as investors were optimistic about oil futures demand. The latest economic data also remained mixed, as the consumer confidence index declined to 44.5 for the month of August as compared to 59.2 in July. However Case Shiller home price index gained 1.1 percent. Crude oil futures contract for October […]

Crude Oil witnesses Correction on Weaker Greenback - August 19, 2011 23:28

Crude oil futures declined on Friday in reaction to weaker US dollar and bearish closing at Wall Street.  Crude oil futures contract for September delivery fell 0.2 percent or $0.12 to settle at $82.26 per barrel on New York Mercantile Exchange. The respective contract reached the day’s low of $79.17 per barrel while plunged 3.7 […]

Crude Oil Gains despite Increase in Oil Inventories - August 18, 2011 23:46

Crude oil futures gained on Wednesday despite increase in US oil inventories reported Energy Information Administration. As per latest report of EIA, crude oil inventories increased by 4.2 million barrels for the week ended August 12th, 2011. On the other hand analysts were expecting oil supplies to decrease by 500,000 barrels for the respective week. […]

Crude Oil Plunges on Increased Supply - August 5, 2011 23:58

Crude Oil futures declined on Thursday and reached their lowest level since February. The main reason behind the decline was latest inventories data which increased more than expectations. The Energy Information Administration reported the increase of 44 billion cubic feet for the natural gas inventories as compared to forecasted increase of 32 billion cubic feet. […]

Crude Oil Futures Decline on Wednesday on Inventories Data - August 4, 2011 23:54

Crude oil futures declined on Wednesday reported their lowest in last five weeks on latest US inventories data. According to the latest report by Energy Information Administration crude oil inventories surged by 1 million barrels for the week ended July 29th, 2011. Analysts were expecting oil inventories to increase by 2 million barrel but a […]