Crude Oil Futures remain Under Pressure - June 14, 2011 13:12

Crude oil futures remained under pressure on Monday and declined 2 percent as investors were uncertain about the upcoming US economic indicators. Crude oil futures contract for July delivery slipped 2 percent or $1.99 to $97.30 per barrel on New York Mercantile Exchange. Portfolio manager, James Cordier from Optionsellers.com in Florida commented, “There’s a great […]

Crude Oil Futures Gain on Tuesday ahead of OPEC Meeting - June 8, 2011 17:19

Crude oil futures gained on Tuesday as investors were optimistic on upcoming meeting of OPEC. Investors expected that OPEC member countries would go for an increase in cartel’s official output targets. Moreover weakening greenback also resulted in attraction for crude oil. Crude oil futures contract for July delivery gained 0.1 percent or $0.08 to $99.09 […]

Oil Futures gain as the Greenback Weakens - May 25, 2011 20:29

Crude oil futures gained 1 percent on Wednesday as the weakening of US dollar resulted in higher demand and supply of crude oil. As per the latest report of the Energy Information Administration oil inventories increased by 600,000 barrels for the week ended May 20th while analysts were expecting a drop of 1.6 million barrels […]

Crude Oil Futures Declines as CME Group Raises Trading Limits - May 12, 2011 0:24

Selling pressure was seen in trading of crude oil futures as CME Group raised trading limits for several energy contracts after halting the trading session in New York. The sudden step by CME Group was taken in reaction to increase in US oil stockpiles. Crude oil futures contract for June delivery plunged to $97.50 per […]

Crude Oil Futures Decline as Traders remain Uncertain about Future Demand - April 13, 2011 0:27

Crude oil futures remained under pressure on Tuesday and traders were worried that high oil prices could result in decreased demand globally. Light crude oil futures contract for May delivery declined 3.3 percent or $3.67 to $106.25 per barrel on Globex trading session of New York Mercantile Exchange. Crude oil future contract plunged 2.4 percent […]

Crude Oil Falls at Stockpiles Increase - April 6, 2011 22:51

Crude oil futures remained under pressure on Wednesday’s trading session after news of increase oil inventories as per latest report. However bullish stock markets, depreciating dollar and escalating crisis in Libya provided support for the oil contract. As per latest data of Energy Information Administration crude oil investors grew by 2 million barrels for the […]

Crude Oil Declines on Latest Libyan Situation - March 29, 2011 20:15

Crude oil futures faced correction on Tuesday’s Asian trading session as the Gadhafi’s opposition forces continue to acquire land in Libya and have decided to resume crude oil exports. Crude oil future contract for May delivery dropped $0.08 to $103.91 per barrel in Asian trading session of New York Mercantile Exchange. The contract declined 1.4 […]