Crude Oil Gains on Better than Expected Manufacturing Data - May 2, 2012 23:49

Crude oil futures moved in bullish rally on Tuesday and reached their highest in last five weeks mainly backed by positive US manufacturing data. As per the latest data of the Institute of Supply Management the manufacturing index gained to 54.8 percent in month of April as compared to 53.4 percent in March. Analysts were […]

Crude Oil Declines on Profit Taking - May 1, 2012 23:52

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 Advance on US Fed Comments - April 27, 2012 23:51

Crude oil futures gained on Thursday backed by weaker US dollar which fell in reaction to comments of US Federal Reserve indicating chances of further monetary easing. Crude oil futures contract for June delivery gained 0.4 percent or $0.43 to settle at $104.55 per barrel on the New York Mercantile Exchange. Oil has kept itself […]

Crude Oil Decline on Lower Demand Outlook - April 24, 2012 23:54

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 - April 19, 2012 23:49

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 - April 18, 2012 23:56

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 - April 17, 2012 23:59

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 - April 13, 2012 23:55

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 […]

Increase of 2.8 Million Barrels in Oil Supplies: EIA Reports - April 12, 2012 23:46

The Energy Information Administration released its inventories data on Wednesday according to which crude oil stockpiles increased by 2.8 million barrels for the week ending April 6th, 2012. Analysts on average expected the increase of 1.8 million barrels for the respective week. The EIA reported decrease of 4.3 million barrels in gasoline inventories as compared […]