Crude Oil Futures Gain on API Data - January 19, 2012 23:49

Crude oil futures gained on Thursday’s Asian trading session in reaction to decrease in inventories data released by American Petroleum Institute. As per latest report of API the crude oil inventories fell 4.8 million barrels for the week ending January 13th, 2012 whereas analysts were expecting the increase of 2.6 million barrel in crude oil […]

EIA Surprises: Stunning Surge in Oil Inventories - January 12, 2012 23:56

Energy Information Administration reported its inventories data on Wednesday and shocked investors with an increase of 5 million in crude oil inventories for the week ending January 6th, 2012. Analysts were expecting the decrease of 1 billion barrels in the crude oil supplies of the respective week while another trade group also released its data […]

Crude Oil Declines as Iran Threatens to Disturb Oil Tankers Traffic - January 10, 2012 23:57

Crude oil futures remained lower on Monday as investors remained cautious in reaction to Iran’s threat to disturb the oil shipping traffic. Bill O’ Neill from Logic Advisors in New Jersey commented, “Oil lacked new impetus to run higher and cautious traders may be backing off after an overdone reaction to the Iranian Hormuz threats, […]

Crude Oil Ends at its Record High in Reaction to Tensions in Iran - January 4, 2012 23:55

Crude oil futures rallied on Tuesday and settled at its highest level since May 10th, 2011 in reaction to uncertainty over oil supplies due to Iran tensions. Moreover US manufacturing data was also better than expected further supporting the oil. As per the Institute of Supply Management, the manufacturing index gained to 53.9 for the […]

EIA Reports Unexpected Increase in Crude Oil Inventories - December 30, 2011 23:25

Crude Oil futures gained on Thursday despite increase in supplies data. The crude oil futures found support from threat of Iran’s threat to disrupt oil tankers traffic. As per latest data of Energy Information Administration crude oil supplies surged by 3.9 million barrels for the week ending December 23rd, 2011 while analysts expected the decline […]

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 […]

Crude Oil Reaches $100 in Reaction to Development in Euro Zone’s Situation - November 29, 2011 23:57

Crude oil futures reached their record level on Monday on optimism over euro zone’s debt situation. Crude oil futures contract for January delivery surged 1.5 percent or $1.44 to settle at $98.21 per barrel on the New York Mercantile Exchange. The respective contract touched its intraday high of $100.74 per barrel which happens to be […]

EIA Reports Decline in Crude Oil Inventories - November 24, 2011 23:51

Crude oil futures declined on Wednesday despite decline in inventories data by Energy Information Administration. Investors were uncertain over the latest US economic data and euro zone debt situation. Oil Analyst, Matt Smith from Summit Energy commented, “This highlights the lack of confidence in even the strongest economy in Europe, causing a flight from (euro-zone) […]

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 […]