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 […]

EIA Report Unexpected Increase in Oil Inventories - November 3, 2011 23:58

Crude oil futures slightly gained on Wednesday after an unexpected increase in oil inventories reported by Energy Information Administration. Crude oil futures contract for December delivery gained 0.4 percent or $0.32 to $92.51 per barrel on the New York Mercantile Exchange. Crude oil futures were also under pressure on reduced outlook of US economy by […]

EIA Reports Unexpected Increase in Crude Oil Inventories - October 27, 2011 23:56

Crude oil futures fell on Wednesday in reaction to unexpected increase in crude oil inventories. Crude oil futures plunged 3.2 percent or $2.97 to settle at $90.20 per barrel on the New York Mercantile Exchange. Investors were also pessimistic on situation of euro zone as the latest meeting of euro zone leaders in Brussels failed […]

Oil Futures Jump to a New 12-week High - October 26, 2011 23:58

Crude oil futures gained to its 12-week high on Tuesday in reaction to bearish stock markets. Crude oil futures contract for December delivery gained 2.1 percent or $1.90 to $93.17 per barrel on the New York Mercantile Exchange. The respective contract touched the intraday high of $94.65 per barrel on Tuesday. Many analysts hold the […]

EIA Reports Surprise Surge in Crude Oil Inventories - October 14, 2011 22:34

Crude oil futures declined on Thursday in reaction to increase in crude oil inventories reported by Energy Information Administration. The crude oil futures fell $1.34 to settle at $84.23 per barrel at New York Mercantile Exchange on Thursday. As per the latest data of EIA, crude oil inventories increased by 1.3 million barrels for the […]

Crude Oil Futures Decline on Wednesday on Inventories Data - August 4, 2011 23:54

Crude oil futures declined on Wednesday reported their lowest in last five weeks on latest US inventories data. According to the latest report by Energy Information Administration crude oil inventories surged by 1 million barrels for the week ended July 29th, 2011. Analysts were expecting oil inventories to increase by 2 million barrel but a […]

Crude Oil slightly gains as Oil Inventories declined by 3.7 Million Barrels - July 22, 2011 0:32

Crude oil futures gained on Wednesday as Energy Information Administration reported the decline of 3.7 million barrels in crude oil inventories for the week ended July 15th, 2011. Analysts expected the oil inventories to decrease by 1.3 million barrels. The IEA reported the increase of 800,000 barrels in gasoline inventories as compared to analysts’ expectations […]

Crude Oil moves in a Strong Bullish Rally on Expectation of Higher Demand - June 29, 2011 23:56

Crude oil futures jumped on Tuesday as investors and most of the analysts foresee higher global demand for oil due to sluggish US economy and Greece’s debt crisis. Crude oil futures contract for August delivery jumped 2.5 percent or $2.28 to $92.89 per barrel on New York Mercantile Exchange. The surge on Tuesday was the […]

Crude Oil Moves down as IEA announces to Release more Oil Inventories in to World Markets - June 24, 2011 20:24

Crude oil futures plunged on Thursday after the announcement of International Energy Agency to release 60 million barrels of crude oil to world markets to cover the global shortage. Crude oil futures for August delivery declined 4.6 percent or $4.39 to $91.02 per barrel on New York Mercantile Exchange. The respective contract touched the day’s […]