Posts Tagged ‘gasoline’
Gold and Oil News - April 18, 2012 23:56
Crude Oil Gains on Successful Spanish Bond Auction
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 Jumps on Fed’s Shaky Comments
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
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 […]
Energy Information Administration Reports Increase in Oil Inventories
Energy Information Administration released its weekly report on crude oil inventories on Wednesday, according to which oil supplies for the week ending March 30th, 2012 surged 9 million barrels while analysts expected increase of 1.9 million barrels for the respective week. EIA also reported its data on gasoline stockpiles which fell by 1.5 million barrels […]
Crude Oil Falls on Dollar Strength
Crude oil futures declined on Tuesday as the latest minutes of US Federal Reserve’s meeting revealed no chances of further easing in monetary policy. The news strengthened the US dollar making commodities and crude oil less attractive. The dollar index DXY which tracks the US dollar movement against the basket of its six major rivals […]
EIA Reports Increase in Supply Data
Energy Information Administration released its report on crude oil inventories on Wednesday according to which crude oil supplies gained 7.1 million barrels for the week ended March 23rd, 2012. The figures reported by EIA surpassed the analysts’ expectations with huge gap who were expecting an increase of 2.75 million barrels of the respective week. EIA […]
Crude Oil Slightly Gains on Bernanke’s Speech
Crude oil futures gained on Monday after the US Federal Reserve’s Chairman Ben Bernanke indicated possible chances of more easing in US monetary policy. On Monday, Bernanke expressed his opinion of fewer chances in sustainability in labor market improvements in the long run. Investors and most analysts interpreted further easing in monetary policy from Bernanke […]
EIA Reports Surprise Decline in Oil Inventories
US crude oil futures gained on Wednesday as the Energy Information Administration reported a surprise decrease in crude oil inventories data for the week ending March 16th, 2012. According to EIA’s report crude oil supplies for the week fell 1.2 million barrels as compared to analysts expected increase of 2.1 million barrels for the respective […]
Crude Oil Declines on Oil Supply Outlook
Crude oil futures declined on Thursday as the US government denied the rumors that they have reached a deal with United Kingdom for countries to release strategic oil reserves. On Thursday, US President, Barack Obama and UK’s Prime Minister David Cameron discussed global energy issues but did not reach any deal according to White House […]
EIA Reports Increase in Crude Oil Stockpiles
Energy Information Administration released its inventories data on Wednesday according to which crude oil supplies gained 1.8 million barrels for the week ending March 9th, 2012 while analysts forecasted the increase of 2.1 million barrels. The EIA reported decrease of 1.4 million barrels in gasoline inventories while analysts expected the decline of 1.4 million barrels […]
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