Oil Prices: How Much Further Will They Let This Slide? - December 15, 2016 15:26

Oil prices are heading back down it seems. After spiking to a high above $54 on the basis of a cut in production by Russia and other countries after the OPEC landmark deal, it’s been falling steady. There’s already a concern on trust in the statement from OPEC if it will adhere to what it […]

Crude Oil Jumps on OPEC’s Decision - June 15, 2012 23:50

Crude oil futures climbed on Thursday in reaction to expectations that US Federal Reserve would opt for more easing measures while OPEC decided to keep its production ceiling unchanged. The Organization of the Petroleum Exporting Countries announced that its collective production ceiling will remain flat at 30 million barrels per day. The production quota was […]

Crude Oil Inventories Decline by 200,000 Barrels, Reports EIA - June 14, 2012 23:44

The Energy Information Administration published its report on crude oil supplies on Wednesday according to which crude oil inventories declined by 200,000 barrels for the week ending June 8th, 2012. Analysts on average expected the decline of 2 million barrels in crude oil stockpiles while another trade group, the American Petroleum Institute reported the decrease […]

Crude Oil Jumps on Fed’s Shaky Comments - April 13, 2012 23:55

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 […]

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 […]

Crude Oil Jumps above $124 on escalating Libyan Conflict - April 8, 2011 22:39

Crude oil futures contract reached its highest in last 32 months on Friday’s overnight trading session.  Investors feared long-term oil supply cut from Libya on the latest update of country’s conflict. It seems that oil fields are being targeted in result of military strikes in Libya. Experts foresee more chances of losing crude oil for […]