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Does This Oil Price Rally Have Legs?

Does This Oil Price Rally Have Legs?

Oil prices rallied almost 10…

Energy / Oil Prices

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U.S. Growth Fears Push Crude Oil Futures Close to Five Week Low

Aug 03, 2011 at 08:47 | Forex Pros

Crude oil futures traded close to a five-week low on Wednesday, fluctuating between small gains and losses as concerns that the U.S. economic recovery was faltering weighed on future demand…

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Debt Ceiling Agreement Pushes Crude Oil Prices Higher

Aug 01, 2011 at 08:50 | Forex Pros

Crude oil futures were up on Monday, recouping steep losses from the previous session as fears over a possible U.S. default eased after the White House announced an agreement to…

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Crude Oil Analysis for the Week of August 1, 2011

Jul 31, 2011 at 09:22 | FX Empire

September Crude Oil futures declined 1.8% to $95.70 on Friday after a weaker than expected U.S. GDP report signaled the economy may be growing at a slower than expected pace.…

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Slowdown in Demand Pushes Crude Oil Prices Lower

Jul 27, 2011 at 09:53 | Forex Pros

Crude oil futures edged lower on Wednesday, as negotiations to raise the U.S. debt ceiling remained deadlocked and after industry data showed that U.S. crude supplies rose by the most…

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Crude Oil Analysis for the Week of July 25, 2011

Jul 24, 2011 at 11:28 | Commodities Mansion

September Crude Oil futures finished the week at a six-week high, slightly below the psychological $100 level. The late session rally on Friday was driven by demand for crude oil…

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Crude Oil Futures Approach Two Week High

Jul 21, 2011 at 09:57 | Forex Pros

Crude oil futures erased losses on Thursday, re-approaching a two-week high as optimism European leaders would reach an agreement to solve the region’s debt crisis boosted demand for riskier assets.…

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Strong Housing Data Helps Extend Crude Oil Gains

Jul 19, 2011 at 10:51 | Forex Pros

Crude oil futures extended gains on Tuesday, jumping to a three-day high after stronger-than-expected U.S. housing data boosted future demand expectations from the world’s largest oil consumer. On the New…

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Chevron Data Proves Oil Companies NOT Speculators are Driving up Oil Prices

Jul 19, 2011 at 08:11 | Bruce Krasting

Some poor wally over at Chevron accidentally released the company’s crude/distillate trading results for the year. An effort was made by the company to squash the information. Dow-Jones said, "the…

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Crude Oil Analysis for the Week of July 18, 2011

Jul 18, 2011 at 08:13 | Commodities Mansion

September Crude Oil markets had a rocky week but still managed to close up despite another rejection of the psychological $100 per barrel level. Although the market see-sawed at times…

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Crude Oil Futures Up for the Day as Unemployment Applications Fall

Jul 14, 2011 at 09:29 | Forex Pros

Crude oil futures extended gains on Thursday, climbing to a fresh daily high after official data showed that new applications for U.S. unemployment benefits fell to the lowest in three-months…

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