EIA Reports Surprise Decline in Oil Inventories - March 22, 2012 21:28

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 Futures Jump on Positive Global Economic Outlook - March 20, 2012 23:52

Crude oil Futures gained on Monday as investors were optimistic on the positive outlook for global economy. Moreover weaker greenback also supported the boost in the oil prices. Investors were upbeat on the latest comments by the head of International Monetary Fund who was positive about the global economy. However IMF’s Head Christine Lagarde was […]

Crude Oil Futures Decline on Chinese Trade Deficit - March 13, 2012 23:33

Crude oil futures fell on Monday as investors were shocked on the huge trade deficit figure of China and how intensely it could affect the global economy. China reported the trade deficit of $31.48 billion for the month of February as compared to trade surplus of $27.28 billion in the month of January. The surprise […]

EIA Reports Lower Than Expected Increase in Supplies Data - March 8, 2012 23:30

Energy Information Administration released its inventories report on Wednesday according to which crude oil inventories increased by 800,000 barrels for the week ending March 2nd, 2012 as compared to analysts’ expected increase of 2 million barrels. EIA also reported decrease of 400,000 barrels in gasoline stockpiles while analysts were expecting gasoline supplies to fall by […]

EIA Reports Increase in Crude Oil Inventories - March 1, 2012 23:49

Energy Information Administration released its weekly data on crude oil inventories on Wednesday according to which crude oil stockpiles gained 4.2 million barrels for the week ending February 24th, 2012 as compared to analysts expected increase of 1 million barrels. EIA also reported decline of 1.6 million barrels in gasoline inventories as compared to expected […]

EIA Reports Increase In Crude Oil Inventories - February 24, 2012 23:17

Energy Information Administration released its report on crude oil inventories on Thursday according to which crude oil supplies gained by 1.6 million barrels for the week ending February 17th, 2012. Analysts on average forecasted the increase of 1.7 million barrels in crude oil supplies for the respective week. EIA reported decrease of 600,000 barrels in […]

Crude Oil Gains as Iran Continues to Disrupt Oil Supply While Greece Reaches on a Deal - February 22, 2012 23:56

Crude oil futures rallied and settled on its highest since May, 2011 on Tuesday in reaction to the possibility of further actions by Iran to disrupt the oil supply while Greece reached on an agreement for the second trench of the bailout package. Most analysts termed the current situation as ideal for the crude oil. […]

EIA Reports More Than Expected Increase in Supplies Data - February 2, 2012 23:55

Energy Information Administration released its figures on crude oil inventories on Wednesday reporting higher than expected increase in supplies data. As per report of EIA, crude oil stockpiles increased by 4.2 million barrels for the week ending January 27th, 2012 as compared to analysts expected increase of 3 million barrels for the week. Gasoline inventories […]

Crude Oil Futures Keep Up the Bullish Rally - January 27, 2012 23:53

Crude oil futures ended higher on Thursday but closed lower than $100 per barrel mark on recovery of the greenback. Investors remained mixed on Thursday as the US stock markets also turned lower while US economic data also gave mixed signals. As per data of US Commerce Department, new home sales fell 2.2 percent in […]