Trade Crude Oil

Oil ends at 8-week high on gasoline inventory drop

admin — Wed, 10 Mar 2010 22:51:02 +0000

Oil prices settled at an eight-week high on Wednesday in choppy trading after a government report showed that gasoline stocks in the United States dropped unexpectedly. U.S. crude for April delivery settled 60 cents higher at $82.09 per barrel, after reaching $83.03. London ICE Brent for April settled at $80.48, up 57 cents. “Today’s EIA data [...]

Weekly Inventories Data – March 10, 2010

admin — Wed, 10 Mar 2010 22:49:07 +0000

U.S. crude oil refinery inputs averaged 13.9 million barrels per day during the week ending March 5, 149 thousand barrels per day below the previous week’s average. Refineries operated at 80.7 percent of their operable capacity last week. Gasoline production decreased last week, averaging 8.8 million barrels per day. Distillate fuel production decreased last week, [...]

Crude Oil Testing Significant Price Barrier

ForexYard — Wed, 10 Mar 2010 08:01:03 +0000

2010-03-09: Crude Oil Testing Significant Price BarrierOil prices have continued to rise following last week’s sudden surge beyond the $80 price mark. A number of analysts have estimated that this rise may continue given the upcoming onset of the driving season in the United States and subsequent jump in gasoline consumption. However, some have begun [...]

Crude Oil Testing Significant Price Barrier

ForexYard — Tue, 09 Mar 2010 08:01:02 +0000

Oil Can Top $100 a Barrel Soon Enough

admin — Tue, 09 Mar 2010 07:21:58 +0000

The fundamentals in the crude oil market got a boost in recent weeks with renewed hopes of a swift recovery in the global economy (demand increases) and ethnic violence in oil rich Nigeria (supply disruptions). This pushed crude prices above $82 a barrel. There’s nothing new about this fundament argument for rising oil prices. What is [...]

‘Game Changer’: A US-China Oil Partnership

admin — Mon, 08 Mar 2010 21:20:46 +0000

Cramer during Monday’s Stop Trading! called Royal Dutch Shell and PetroChina’s $3 billion bid for Arrow Energy an “important deal,” saying it “should revalue a lot of nat-gas companies.” Cramer saw potential acquisition as a sign that many oil and gas companies are steering clear of countries – Russia, Venezuela, Nigeria – in which it can [...]

[3] Crude Oil Prices Continue to Rise

ForexYard — Mon, 08 Mar 2010 09:01:03 +0000

2010-03-08: Crude Oil Prices Continue to RisePrices of Crude Oil rose at a steady rate during last week’s trading session. With the beginning of last week, crude oil was traded for about $78.00 a barrel. At the moment, crude is traded for close to $82 a barrel. Crude Oil is rising on speculations that the global [...]

Oil at seven-week high

admin — Sun, 07 Mar 2010 21:06:43 +0000

Oil rose more than 1 per cent to hit a seven-week high on Friday after a report showed the United States lost fewer jobs than expected in February and on signals China will maintain its economic stimulus measures. China. US crude for April gained US$1.29 to settle at US$81.50, the highest settlement since January 11. Brent crude [...]

Crude Prices Fall Ahead of U.S. Jobs Report

ForexYard — Fri, 05 Mar 2010 08:01:03 +0000

2010-03-05: Crude Prices Fall Ahead of U.S. Jobs ReportWhile the price of crude marginally increased in overnight trading, the commodity is still down over 30 cents from yesterday morning. This is largely due to the strong Dollar and the relatively low demand among U.S. consumers. Currently, the commodity is trading around the 80.57 [...]

Oil Trades above $80 on Economic Hopes

ForexYard — Thu, 04 Mar 2010 08:01:02 +0000

2010-03-04: Oil Trades above $80 on Economic HopesCrude oil prices gained more than 1% to close above $80 a barrel Wednesday, taking direction from a dropping U.S. dollar and data showing fewer U.S. job losses, which overshadowed a surprisingly high increase in crude-oil stockpiles. Wednesday marked the first day since Jan. 12 that the most [...]