Crude Oil Futures Decline on Greece’s Sovereign Debt Crisis - November 2, 2011 23:58

Crude oil futures declined on Tuesday in reaction to referendum decision on Greece debt crisis. Crude oil futures contract for December delivery declined 1.1 percent or $1 to settle at $92.19 per barrel on the New York Mercantile Exchange. Moreover bankruptcy of one of the largest US commodity brokers MF Global further disappointed the investors. […]

Crude Oil Plunges on Weak Economic Outlook - October 5, 2011 21:52

Crude oil futures fell on Tuesday in reaction to weak US economic outlook. Moreover, Greece’s debt situation further escalated the uncertainty among investors. Keith Springer from Springer Financial Advisors commented, “Oil is the blood that sustains the heart of economic growth, slower economic growth means less aggregate demand leading to less production of goods and […]

Crude Oil Declines in Reaction to Increased Stockpiles - September 29, 2011 23:55

Crude oil futures fell 3.8 percent on Wednesday in reaction to increased crude oil inventories for the week. As per latest data of Energy Information Administration, crude oil inventories increased 1.9 million barrels for the last week while analysts expected no change in oil stockpiles. Gasoline inventories supplies surged 800,000 barrels while analysts expected gasoline […]

Crude Oil Futures Gains over Positive Development on European Debt Situation - September 28, 2011 23:58

Crude oil futures gained on Tuesday on the news of European officials reaching at a decision to tackle European debt situation. Crude oil futures for November delivery jumped 5.3 percent or $4.21 to settle at $84.45 per barrel on New York Mercantile Exchange. Strategist from Commerzbank commented, “The main reasons [for the gains] are a […]

Crude Oil Declines on Thursday - September 23, 2011 23:41

Crude oil futures plunged on Thursday as investors were uncertain over the strong bearish sentiments in US stock markets. Most of the investors and traders held the opinion that US Federal Reserve’s latest move to prolong debt maturities would not have any impact over the US economy. Moreover China’s manufacturing data also created more negativity […]

Crude Oil Futures Decline on Thursday as Fed Fails to come with Solution for US Economy - September 9, 2011 23:49

Crude oil futures fell on Thursday on doubts over US economy. Investors were disappointed as US Federal Reserve’s Chairman Ben Bernanke failed to come up with any proper solution to boost US economy. Crude oil futures contract for October delivery fell 0.3 percent or $0.29 to settle at $89.05 per barrel on New York Mercantile […]

Crude Oil Futures Slightly Gain in Reaction to Better than Expected manufacturing Data - September 2, 2011 23:28

Crude oil futures slightly gained on Thursday in reaction to better than expected US and Chinese manufacturing data. China’s manufacturing data turned out to be better than expected as China’s Purchasing Mangers’ Index gained to 50.9 for the month of August as compared to 50.7 in the month of July. Analysts expected manufacturing index to […]

Crude Oil Futures Decline on Increased Supply - September 1, 2011 23:39

Crude oil futures gained on Wednesday as inventories increased as per latest report of Energy Information Administration. According to the latest data of EIA, crude oil inventories increased by 5.3 million barrels for the week, whereas analysts expected the decline of 1.2 million barrels. As per data on Bentz the Cushing crude stocks declined by […]

Crude Oil Declines on Wednesday despite decrease in Stockpiles - August 25, 2011 21:53

Crude oil futures declined on Wednesday despite decline in weekly inventories data.  According to latest report of the Energy Information Administration crude oil inventories dropped 2.2 million barrels for the week ended August 19th, 2011 while analyst were hoping oil inventories to gain by 2 million barrels. According to EIA, gasoline inventories surged 1.4 million […]