Crude Oil moves in Bullish Drive - July 22, 2011 22:26

Crude oil futures gained on Friday as development on euro zone’s debt crisis made investors optimistic about crude oil. The light sweet crude oil futures contract for September delivery surged 0.7 percent or $0.66 to $99.69 per barrel on Friday at New York Mercantile Exchange. The respective contract jumped to day’s high of $99.95 per […]

Crude Oil slightly gains as Oil Inventories declined by 3.7 Million Barrels - July 22, 2011 0:32

Crude oil futures gained on Wednesday as Energy Information Administration reported the decline of 3.7 million barrels in crude oil inventories for the week ended July 15th, 2011. Analysts expected the oil inventories to decrease by 1.3 million barrels. The IEA reported the increase of 800,000 barrels in gasoline inventories as compared to analysts’ expectations […]

Crude Oil remains under pressure on Thursday - July 15, 2011 22:18

Crude oil remained under pressure on Thursday as investors were uncertain over the implementation of quantitative easing 3 by US Federal Reserve. Crude oil futures contract for August delivery declined $2.36 to $95.69 per barrel on Thursday at New York Mercantile Exchange. Peter Beutel, President of trading advisory firm from Connecticut commented, “A lot of […]

Gold Futures Jump more than $23 to close at New Record Level - July 14, 2011 23:54

Gold futures jumped more than $23 per ounce and made their new record high on Wednesday as investors were uncertain over euro zone’s debt situation and shifted their focus towards the base metal due to it safe haven status. Moreover Bernanke’s latest comments gave hints for further demand of stimulus money which creates a negative […]

Crude Oil Gains on Inventories Data - July 1, 2011 0:09

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 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 […]

Crude Oil Moves above $95 in Asian Trading Hours - June 16, 2011 20:47

Crude oil futures gained in Asian trading session on Thursday as the US dollar witnessed selling pressure. Uncertainty rose among traders over the European Union’s inability to find solution for Greece’s debt problems. Crude oil futures contract for July delivery surged 0.7 percent or $0.69 to $95.50 per barrel on New York Mercantile Exchange’s Asian […]

Crude Oil Futures remain Under Pressure - June 14, 2011 13:12

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 Futures Gain on Tuesday ahead of OPEC Meeting - June 8, 2011 17:19

Crude oil futures gained on Tuesday as investors were optimistic on upcoming meeting of OPEC. Investors expected that OPEC member countries would go for an increase in cartel’s official output targets. Moreover weakening greenback also resulted in attraction for crude oil. Crude oil futures contract for July delivery gained 0.1 percent or $0.08 to $99.09 […]