EIA Report Increase of 2.9 Million Barrels in Oil Inventories - June 21, 2012 23:51

The Energy Information Administration on Wednesday released its inventories report according to which crude oil supplies increased by 2.9 million barrels for the week ending June 15th, 2012. Analysts on the other hand analysts on average forecasted the decrease 600,000 barrels for the respective week. The EIA also reported the increase of 900,000 barrels in […]

Crude Oil Jumps on OPEC’s Decision - June 15, 2012 23:50

Crude oil futures climbed on Thursday in reaction to expectations that US Federal Reserve would opt for more easing measures while OPEC decided to keep its production ceiling unchanged. The Organization of the Petroleum Exporting Countries announced that its collective production ceiling will remain flat at 30 million barrels per day. The production quota was […]

Crude Oil Inventories Decline by 200,000 Barrels, Reports EIA - June 14, 2012 23:44

The Energy Information Administration published its report on crude oil supplies on Wednesday according to which crude oil inventories declined by 200,000 barrels for the week ending June 8th, 2012. Analysts on average expected the decline of 2 million barrels in crude oil stockpiles while another trade group, the American Petroleum Institute reported the decrease […]

EIA Reports Minor Decline in Oil Inventories - June 7, 2012 23:59

The Energy Information Administration reported its official figures on crude oil inventories on Wednesday according to which crude oil supplies fell by 100,000 barrels for the week ending June 1st. Analysts were expecting a decrease of 1 million barrels in crude oil supplies for the respective week. Another trade group, the American Petroleum Institute reported […]

EIA Reports Increase of 2.2 Million Barrels in Crude Oil Supplies - June 1, 2012 23:01

Energy Information Administration released its inventories data on Thursday according to which US crude oil inventories increased by 2.2 million barrels for the week ending May 25th, 2012. Analysts were expecting a gain of 100,000 barrels in the crude oil inventories while another trade group American Petroleum Institute reported the decrease of 353,000 barrels for […]

Crude Oil Gains on Positive US Economic Indicators - May 25, 2012 22:22

Crude oil futures gained on Thursday after touching their lowest level since October in earlier sessions. The positive US macroeconomic data and rising equities supported the oil. US jobless claims reduced for the week while increase in durable orders was also reported by US Commerce Department. Moreover, negotiations on Iran’s nuclear program failed and ended […]

EIA Reports Increase of 900,000 Barrels in Oil Inventories - May 24, 2012 23:49

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 Recovers After Series of Bearish Sessions - May 22, 2012 23:54

Crude oil futures gained on Monday after touching its lowest in seven months in its earlier session. Weaker greenback and positive movements in Iran’s nuclear program made investors to take fresh positions in oil. Crude oil futures contract for June delivery gained 1.2 percent or $1.09 to settle at $92.57 per barrel on the New […]

Oil Recovers on Weaker Dollar - May 11, 2012 23:54

Crude oil futures recovered on Thursday after six consistent bearish sessions mostly backed by weaker greenback. The US dollar fell in reaction to unchanged US jobless claims in higher US trade deficit which made commodities less expensive for investors holding foreign currencies. Crude oil prices were also affected in reaction to weaker Chinese trade data […]