Oil Jumps on Better Than Expected US Manufacturing Data - April 3, 2012 23:55

Crude oil futures advanced on Monday as investors were optimistic after the release of US manufacturing data. Further to add, the decision of Iraq to stop oil exports from Kurdish region further gave support to oil in global markets. As per latest data of the Institute for Supply & Management the US manufacturing index gained […]

Crude Oil Slightly Gains on Bernanke’s Speech - March 27, 2012 23:50

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 […]

Crude Oil Declines on Oil Supply Outlook - March 16, 2012 22:33

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 - March 15, 2012 23:37

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 […]

Crude Oil Futures Gain on Positive Retail Sales Data - March 14, 2012 22:03

Crude oil futures gained on Tuesday in reaction to upbeat tone of Federal Reserve’s officials about the US economy and positive retail sales report. Crude oil futures contract for April delivery advanced 0.04 percent or $0.37 to settle at $106.71 per barrel on the New York Mercantile Exchange. On Monday, investors were very pessimistic on […]

Crude Oil Declines on Global Economic Worries - March 7, 2012 23:43

Crude oil futures declined on Tuesday fell to their lowest in last two weeks in reaction to rising concerns over slow recovery in global economy. Moreover, a warning over possible Greece’s default by trade group disappointed investors further weakening the demand of commodities. As the reduced growth target by China wasn’t enough to shake the […]

Crude Oil Jumps on Supply Disruption Threat - March 6, 2012 23:57

Crude oil futures fell on Monday in reaction to the escalating worries over supply disruptions triggered by China’s economic data. Investors were uncertain after the news of reduced economic growth outlook by China moreover, United States and the euro zone also came up with disappointing economic data. Chinese Premier Wen Jiabao reduced China’s economic growth […]

Crude Oil Faces Correction After Rallying for Eight Days - February 28, 2012 23:57

Crude oil future faced correction on Monday in reaction results of g-20 meeting and higher oil prices threatening to slow the global economic recovery. Crude oil futures contract for April delivery fell 1.1 percent or $1.21 to settle at $108.56 per barrel on the New York Mercantile Exchange. Investors were uncertain after the G-20 members […]

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 […]