EIA Reports Minor Decline in Oil Inventories - June 7, 2012 23:59

The Energy Information Administration reported its official figures on crude oil inventories on Wednesday according to which crude oil supplies fell by 100,000 barrels for the week ending June 1st. Analysts were expecting a decrease of 1 million barrels in crude oil supplies for the respective week. Another trade group, the American Petroleum Institute reported […]

Crude Oil Gains on Positive US Economic Indicators - May 25, 2012 22:22

Crude oil futures gained on Thursday after touching their lowest level since October in earlier sessions. The positive US macroeconomic data and rising equities supported the oil. US jobless claims reduced for the week while increase in durable orders was also reported by US Commerce Department. Moreover, negotiations on Iran’s nuclear program failed and ended […]

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 […]

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 […]

Gold Futures Gain on Attractive Levels - April 6, 2012 23:37

Gold futures contract for June delivery gained on Thursday as the Investors opt bargain hunting on the precious metal due to its attractive levels. Gold along with other commodities plunged in earlier sessions in reaction to the decision of the US Federal Reserve to stop its quantitative easing program due to improvement in US economy. […]

Oil Jumps on Better Than Expected US Manufacturing Data - April 3, 2012 23:55

Crude oil futures advanced on Monday as investors were optimistic after the release of US manufacturing data. Further to add, the decision of Iraq to stop oil exports from Kurdish region further gave support to oil in global markets. As per latest data of the Institute for Supply & Management the US manufacturing index gained […]

Crude Oil Futures Jump on Positive Global Economic Outlook - March 20, 2012 23:52

Crude oil Futures gained on Monday as investors were optimistic on the positive outlook for global economy. Moreover weaker greenback also supported the boost in the oil prices. Investors were upbeat on the latest comments by the head of International Monetary Fund who was positive about the global economy. However IMF’s Head Christine Lagarde was […]

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 Futures Decline on Chinese Trade Deficit - March 13, 2012 23:33

Crude oil futures fell on Monday as investors were shocked on the huge trade deficit figure of China and how intensely it could affect the global economy. China reported the trade deficit of $31.48 billion for the month of February as compared to trade surplus of $27.28 billion in the month of January. The surprise […]