Crude Oil Futures Decline in Reaction to Increase in Supplies Data - December 15, 2011 23:56

Crude oil futures remained under pressure on Wednesday in reaction to stronger US dollar crude oil inventories increased. According to the latest report of the Energy Information Administration, crude oil inventories fell by 1.9 million barrels for the week ending December 9th, 2011 while analysts forecasted the decline of 2 million barrels for the respective […]

Weekly Forex Outlook - December 13, 2011 23:46

On Monday, government data on federal budget balance was reported in United States. Japan reported its preliminary data on machine tool orders, household confidence and corporate goods price index. In Switzerland, official data on employment level was released. On Tuesday, December 13th, 2011, official data on retail sales was published in United States while US […]

EIA Reports Increase in Crude Oil Inventories - December 8, 2011 23:57

EIA reported increase in crude oil inventories on Wednesday in reaction to which crude oil futures remained under pressure at NYMEX. As per latest report of Energy Information Administration crude oil stockpiles increased by 1.3 million barrels for the week ending December 2nd, 2011. Analysts were expecting crude oil inventories to decline by 1.3 million […]

EIA Reports Increase in Crude Oil Inventories - December 1, 2011 23:53

The Energy Information Administration reported a sudden increase in crude oil inventories on Wednesday which put the rallying oil prices under pressure at NYMEX. As per the latest report on the EIA, crude oil stockpiles increased by 3.9 million barrels for the week ended November 25th, 2011. Analysts expected the crude oil inventories to increase […]

Crude Oil Jumps as Stockpiles Decrease - November 17, 2011 20:50

Crude oil futures jumped on Wednesday in reaction to decreased crude oil inventories which resulted in increased demand for the crude oil. As per latest data by the Energy Information Administration, crude oil stockpiles declined by 1.1 million barrels for the week ended November 11th, 2011, while analysts expected the decline of 1.5 million barrels […]

EIA Reports Surprise Decrease in Crude Oil Inventories - November 10, 2011 23:57

Energy Information Administration released its latest inventories data on Wednesday for the week ended November 4th, 2011. As per latest report of EIA, crude oil inventories fell 1.4 million barrels for the respective week while analysts expected crude oil stockpiles to increase by 1 million barrels. Gasoline stockpiles declined 2.1 million barrels as compared to […]

EIA Report Unexpected Increase in Oil Inventories - November 3, 2011 23:58

Crude oil futures slightly gained on Wednesday after an unexpected increase in oil inventories reported by Energy Information Administration. Crude oil futures contract for December delivery gained 0.4 percent or $0.32 to $92.51 per barrel on the New York Mercantile Exchange. Crude oil futures were also under pressure on reduced outlook of US economy by […]

EIA Reports Unexpected Increase in Crude Oil Inventories - October 27, 2011 23:56

Crude oil futures fell on Wednesday in reaction to unexpected increase in crude oil inventories. Crude oil futures plunged 3.2 percent or $2.97 to settle at $90.20 per barrel on the New York Mercantile Exchange. Investors were also pessimistic on situation of euro zone as the latest meeting of euro zone leaders in Brussels failed […]

Crude Oil Surges on Tuesday Backed by Bullish Stock Markets - October 19, 2011 23:43

Crude oil futures gained on Tuesday in reaction to stronger US stock markets. Crude oil futures for November delivery surged 2.3 percent or $1.96 to settle at $88.34 per barrel on New York Mercantile Exchange. Energy analyst, Timothy Evans from Citi Futures Perspective commented, “Market sentiment continues to be closely linked with the S&P 500 […]