Posts Tagged ‘crude oil futures’
Gold and Oil News - August 3, 2011 23:55
Crude Oil Plunges to its Five Weeks Lowest on Tuesday
Crude oil futures contract remained under pressure on Tuesday on latest US economic data. As per latest report of US Commerce Department consumer spending declined 0.2 percent for the month of June. US personal income gained to seasonally adjusted 0.1 percent which happens to be its smallest increase since last November. Crude oil futures contract […]
Crude Oil Declines on unresolved US Debt Ceiling Talks
Crude oil futures fell on Wednesday as investors raised concerns if debt ceiling talks will be resolved. Analysts from Barclay commented, “With the U.S. failing to reach any agreement to tackle their debt issues, the probability of a downgrade remains, this, along with seasonal illiquidity, is likely to keep the downward pressure on prices intact, […]
Crude oil Gains on Wednesday due to Decrease in US Inventories
Crude oil futures remained bullish on Wednesday as US oil inventories declined more than expectations. According to latest data of US Energy Information Administration crude oil supplies plunged by 3.1 million barrels for the week ended July 8th, 2011. Analysts forecasted the declined to be around 2.1 million barrels for the respective week. The US […]
Crude Oil Futures Gain on the Positive US Economic Data
Crude oil futures moved with bullish sentiments on Thursday on positive US economic data and weakening greenback. Crude oil futures for June delivery gained 0.8 percent or $0.76 to $98.97 per barrel on New York Mercantile exchange. The contract earlier jumped up to $100 per barrel. Energy broker Jay Levine from Energay LLC commented, You […]
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 Surged More than $109 per Barrel on US Inventories Data
Crude oil futures gained on Wednesday as United States released its key data on oil inventories. Escalating riots and violence in Nigeria also created uncertainty among investors on global oil supply and hence resulted in further hike in oil prices. Â According to the latest news almost 33 people were killed due to violence in Nigerian […]
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 […]
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