Posts Tagged ‘crude oil futures’
Gold and Oil News - May 1, 2012 23:52
Crude Oil Declines on Profit Taking
Crude oil futures ended lower on Monday finally after the consistent four bullish sessions in the last week. Investors were also concerned over the downgraded rating of Spanish bonds by Standard & Poor. Moreover, manufacturing data from Chicago area also fell to 56.2 percent in April as compared to expectations of 60.8 percent. Manufacturing gauge […]
Crude Oil Decline on Lower Demand Outlook
Crude oil futures declined on Monday in reaction to raising concerns over euro zone stability and slower economic data from China. Both factors made investors question the global demand outlook of the oil. However there was some positive news rumoring in the market too that International Monetary Fund has increased its lending capacity to safeguard […]
Crude Oil Supplies Gain 3.8 Million Barrels; Reports Energy Information Administration
Energy Information Administration released its report on Wednesday according to which crude oil inventories jumped 3.8 million barrels for the week ending April 13th, 2012. Analysts were expecting the increase of 400,000 barrels in crude oil supplies for the respective week. Gasoline stockpiles fell 3.7 million barrels as compared to analysts’ forecasted increase of 140,000 […]
Crude Oil Gains on Successful Spanish Bond Auction
Crude oil futures gained on Tuesday as worries on euro zone’s debt problems eased in reaction to successful bond auction in Spain. Moreover, Germany’s investor confidence also increased for the fifth consecutive month easing the tensions among investors for the euro zone. Crude oil futures contract for May delivery gained 1.2 percent or $1.27 to […]
Crude Oil Ends Higher on Eased Tensions from Iran
Crude oil futures ended higher on Monday after a volatile session in reaction to eased tensions on Iran’s situation. The talks on Iran’s nuclear program eased the tensions over oil supply. The oil also got boost from higher stock markets and lower greenback. Moreover, the news of Seaway pipeline, Enbridge & Enterprise Products Partners asking […]
Crude Oil Jumps on Fed’s Shaky Comments
Crude oil futures closed higher on Thursday as investors were uncertain over the comments by US Federal Reserve officials indicating further round of quantitative easing. The major officials of US Federal Reserve, William Dudley and Janel Yellen commented on US economy and indicated chances of another round of quantitative easing. Crude oil futures contract for […]
Energy Information Administration Reports Increase in Oil Inventories
Energy Information Administration released its weekly report on crude oil inventories on Wednesday, according to which oil supplies for the week ending March 30th, 2012 surged 9 million barrels while analysts expected increase of 1.9 million barrels for the respective week. EIA also reported its data on gasoline stockpiles which fell by 1.5 million barrels […]
Crude Oil Falls on Dollar Strength
Crude oil futures declined on Tuesday as the latest minutes of US Federal Reserve’s meeting revealed no chances of further easing in monetary policy. The news strengthened the US dollar making commodities and crude oil less attractive. The dollar index DXY which tracks the US dollar movement against the basket of its six major rivals […]
Oil Jumps on Better Than Expected US Manufacturing Data
Crude oil futures advanced on Monday as investors were optimistic after the release of US manufacturing data. Further to add, the decision of Iraq to stop oil exports from Kurdish region further gave support to oil in global markets. As per latest data of the Institute for Supply & Management the US manufacturing index gained […]
EIA Reports Increase in Supply Data
Energy Information Administration released its report on crude oil inventories on Wednesday according to which crude oil supplies gained 7.1 million barrels for the week ended March 23rd, 2012. The figures reported by EIA surpassed the analysts’ expectations with huge gap who were expecting an increase of 2.75 million barrels of the respective week. EIA […]
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