The giant Groningen gas field…
There appears to be no…
October Crude Oil futures fell last week on perceptions that the economic recovery in the U.S. remains sluggish. As the week wore on, disappointing U.S. economic reports continued to reveal…
Crude oil futures were up on Wednesday, trading close to a two-week high after industry data showed that U.S. gasoline supplies fell to the lowest level since June 2009 last…
Following a volatile trading week which saw the October Crude Oil futures trade in 13.18% range, the market settled at $85.69, down $1.61 or 1.84%. The week started out with…
Back in the 1960s and 1970s, the country that was the “big growth story” was the Soviet Union. Its oil consumption grew by leaps and bounds. Its space program grew;…
Normally, consumers consider falling oil and gasoline prices to be good news. They have to pay less to fill up their tanks. And if the reason for that is that…
September crude oil reaffirmed its weekly downtrend last week on the trade through the late June bottom at 90.17. Besides trading lower for the year, crude oil also took out…
Most people assume that the mismatch between US federal government revenue and expenses will go away, with enough time. All that is needed is a little “patch” now, and some…
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…
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…
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.…
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…
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…
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.…
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…
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…
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…
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…
In recent weeks, the International Energy Agency (IEA) decided to release 60 million barrels of member states’ oil reserves into the world market in what it called an effort to…
After forming a two-week support base between a pair of retracement levels at $94.98 and $90.13, August Crude Oil surged early last week, triggering a quick rally into a steep…
Crude oil futures maintained gains on Thursday, trading near a three-week high after a government report showed that U.S. crude oil inventories fell less-than-expected last week, while gasoline stockpiles declined…