Posts Tagged ‘crude oil futures’
Gold and Oil News - September 29, 2011 23:55
Crude Oil Declines in Reaction to Increased Stockpiles
Crude oil futures fell 3.8 percent on Wednesday in reaction to increased crude oil inventories for the week. As per latest data of Energy Information Administration, crude oil inventories increased 1.9 million barrels for the last week while analysts expected no change in oil stockpiles. Gasoline inventories supplies surged 800,000 barrels while analysts expected gasoline […]
Crude Oil Futures Gains over Positive Development on European Debt Situation
Crude oil futures gained on Tuesday on the news of European officials reaching at a decision to tackle European debt situation. Crude oil futures for November delivery jumped 5.3 percent or $4.21 to settle at $84.45 per barrel on New York Mercantile Exchange. Strategist from Commerzbank commented, “The main reasons [for the gains] are a […]
Crude Oil Futures Decline on Thursday as Fed Fails to come with Solution for US Economy
Crude oil futures fell on Thursday on doubts over US economy. Investors were disappointed as US Federal Reserve’s Chairman Ben Bernanke failed to come up with any proper solution to boost US economy. Crude oil futures contract for October delivery fell 0.3 percent or $0.29 to settle at $89.05 per barrel on New York Mercantile […]
Crude Oil Futures fell on Tuesday in Reaction to Stronger Greenback
Crude oil futures dropped on Tuesday as the US dollar gained. Further raising concerns over sluggish global further resulted in pressure on oil futures. Crude oil futures contract for October delivery fell 0.5 percent or $0.43 to $86.02 per barrel on New York Mercantile Exchange. The respective contract posted slight gains on the news of […]
Oil Falls on Tuesday in Reaction to Reduced Global Demand
Crude oil futures declined 1.4 percent on Tuesday on reaction to uncertainty over oil’s global demand outlook. Selling pressure was for crude oil futures as escalating political crisis in Middle East and North Africa followed by oil spill in North Sea raised concerns. Crude oil futures contract for September delivery declined $1.23 to settle at […]
Crude Oil Futures witness Profit Taking on Friday
Crude oil futures declined on Friday as investor opted for profit taking. Some negative sentiment was also seen in the market due to reduced consumer sentiment report. President of Strategic Energy & Economic Research in Massachusetts commented, “The consumer sentiment (data) didn’t help … People figured, better to stay out for the weekend.†According to […]
Crude Oil Jumps on Wednesday on Upbeat Inventories Data
Crude oil futures gained on Wednesday on the latest US inventories data. As per latest report of Energy Information Administration crude oil inventories reduced by 5.2 million barrels for the week ended August 5th, 2011 while analysts expected the increase of 1.8 million barrels for the respective week. EIA reported the increase of 1.6 million […]
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 […]
Most Popular Content
- Weak Payroll Data Sends Stocks Higher
- Gold Flying and Making New All Time Highs
- Gold Prices Slip Ahead of Anticipated Economic Data
- Oil Prices Surge From Lows Amid Mixed Global Signals
- U.S. Stock Indices: A Dance Between Optimism and Fear
- Gold Prices Dance with CPI Data and the Fed
- Oil Prices Surge Amid Record Demand and Supply Tightening
- Gold Steady As US Dollar Index Tries to Make Gains