Posts Tagged ‘Crude oil futures contract’
Gold and Oil News - May 25, 2011 20:29
Oil Futures gain as the Greenback Weakens
Crude oil futures gained 1 percent on Wednesday as the weakening of US dollar resulted in higher demand and supply of crude oil. As per the latest report of the Energy Information Administration oil inventories increased by 600,000 barrels for the week ended May 20th while analysts were expecting a drop of 1.6 million barrels […]
Crude Oil Futures Declines as CME Group Raises Trading Limits
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 Jumps above $124 on escalating Libyan Conflict
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 […]
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