Posts Tagged ‘Crude oil’
Gold and Oil News - December 15, 2016 15:26
Oil Prices: How Much Further Will They Let This Slide?
Oil prices are heading back down it seems. After spiking to a high above $54 on the basis of a cut in production by Russia and other countries after the OPEC landmark deal, it’s been falling steady. There’s already a concern on trust in the statement from OPEC if it will adhere to what it […]
Where’s The Range For Crude Oil Prices Right Now?
Since the all-out fear of late 2015 and early 2016 subsided, Crude Oil prices have gained more than 50% since the mid February low. The question on everyone’’s lips now, is how far can Oil prices go? As the fear began to dissipate Crude rallied, and rallied strong, to a high above $42 in March. […]
Crude Oil Gains on Supply Uncertainty
Crude oil futures gained on Tuesday despite stronger US dollar as investors were concerned over global oil supplies on threat of Syrian conflict may be spreading to other mid eastern countries. Moreover, the move of China for tackling slower growth in their economy also boosted the investors’ sentiment. On Tuesday, the People’s Bank of China […]
Crude Oil Declines on Global Demand Uncertainty
Crude oil futures declined on Monday as investors remained uncertain over global demand of oil in reaction to slow Chinese economic growth. The World Bank on Monday reduced its growth forecasts for the East Asia and the Pacific region which created concerns over economic activity in the regions. The World Bank also indicated that Chinese […]
Crude Oil Declines in Reaction to Plosser Comments
Crude oil futures fell on Tuesday in reaction to comments of US Federal Reserve’s official Plosser that the Central Bank will probably launch the third round of Quantitative easing. Plosser also indicated that US Federal Reserve may increase short term interest rates much sooner than expectations.
EIA Reports Decline of 7.4 Million Barrels in Oil Supplies
The Energy Information Administration released its report on Thursday which was delayed due to Labor Day this week. According to the EIA’s report, crude oil inventories fell by 7.4 million barrels for the week ending August 31st, 2012 while analysts predicted the drop of 5 million barrels. EIA also reported the its data on gasoline […]
Crude Oil Volatile on Weak Economic Data
Crude oil futures slightly gained on Wednesday after volatile session due to weak macroeconomic data, while on the positive side investors were hoping for decrease in oil inventories data. Investors were pessimistic after the decline in US manufacturing data which fell for the third consecutive month. The euro zone’s Markit purchasing managers’ index also turned […]
Crude Oil Gains on Supply Concerns
Crude oil futures gained on Tuesday as investors were concerned on oil supply and production which has been affected due to Hurricane Isaac in the Gulf of Mexico. Crude oil futures contract for October delivery surged 0.9 percent or $0.86 to settle at $96.33 per barrel on the New York Mercantile Exchange. Crude oil remained […]
Crude Oil Falls as Isaac Threatens Refinery Industry
Crude oil futures declined on Monday as the refinery industry in the Gulf of Mexico seems in highly vulnerable due to Tropical Storm Isaac. Crude oil futures contract for October delivery declined 0.7 percent or $0.68 to $95.47 per barrel on the New York Mercantile Exchange while touched its intraday high of $97.72 per barrel. […]
Crude Oil Reaches Its Highest In Seven Weeks
Crude oil futures gained on Tuesday and reached their highest level in seven weeks as investors were still uncertain after the speech of US Federal Reserve’s Chairman Ben Bernanke. Bernanke gave no hints on further easing measures and admitted that US economy is still slow. Crude oil futures contract for August delivery surged 0.9 percent […]
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