Crude Oil Futures Gain on Positive Retail Sales Data - March 14, 2012 22:03

Crude oil futures gained on Tuesday in reaction to upbeat tone of Federal Reserve’s officials about the US economy and positive retail sales report. Crude oil futures contract for April delivery advanced 0.04 percent or $0.37 to settle at $106.71 per barrel on the New York Mercantile Exchange. On Monday, investors were very pessimistic on […]

Crude Oil Declines on Global Economic Worries - March 7, 2012 23:43

Crude oil futures declined on Tuesday fell to their lowest in last two weeks in reaction to rising concerns over slow recovery in global economy. Moreover, a warning over possible Greece’s default by trade group disappointed investors further weakening the demand of commodities. As the reduced growth target by China wasn’t enough to shake the […]

Crude oil Jumps to $110 per Barrel in Reaction to Pipeline Blast - March 2, 2012 23:52

Crude oil futures crossed the $110 per barrel mark on Thursday in reaction to the news of pipeline blast in Saudi Arabia. The news was reported the Iranian television however Saudi officials denied the incident. Crude oil futures contract for April delivery gained 1.7 percent or $1.77 to settle at $108.84 per barrel on the […]

Crude Oil Faces Correction After Rallying for Eight Days - February 28, 2012 23:57

Crude oil future faced correction on Monday in reaction results of g-20 meeting and higher oil prices threatening to slow the global economic recovery. Crude oil futures contract for April delivery fell 1.1 percent or $1.21 to settle at $108.56 per barrel on the New York Mercantile Exchange. Investors were uncertain after the G-20 members […]

Crude Oil Gains as Iran Continues to Disrupt Oil Supply While Greece Reaches on a Deal - February 22, 2012 23:56

Crude oil futures rallied and settled on its highest since May, 2011 on Tuesday in reaction to the possibility of further actions by Iran to disrupt the oil supply while Greece reached on an agreement for the second trench of the bailout package. Most analysts termed the current situation as ideal for the crude oil. […]

Crude Oil remains stable on Wednesday’s Asian Trading Session - March 23, 2011 11:21

Stability was witnessed in trading of crude oil futures on Wednesday’s Asian trading session as investors are closely watching the political crisis in Libya and other Middle Eastern countries. Crude oil future contract for May delivery remained the most active and slightly declined $0.07 to $104.90 per barrel on Globex trading session. The contract reached […]

The US Dollar Advances on Stability in Oil Prices - March 8, 2011 16:15

The US dollar gained on Monday after hitting its lowest in four months against the single currency. However the US stock markets recovered as crude oil prices witnessed some correction after hitting $107 per barrel. The traders were uncertain about the increasing energy prices and future of interest rates. The dollar index DXY which measures […]

Crude Oil Futures Reaches $104 per barrel on Shortage in Global Supply - March 7, 2011 13:11

Crude oil futures posted heavy gains on Friday and closed on $104 per barrel as the investors were uncertain about the shortage in global oil supply created due to crisis in Libya. Crude oil futures contract for April delivery surged 2.5 percent to $104.42 on Friday at New York Mercantile Exchange as compared to $101.91 […]