 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 23 hours | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 167 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 13 mins | 2.757 | +0.043 | +1.60% |
|
Bonny Light • 23 hours | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 23 hours | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 14 hours | 75.35 | -2.68 | -3.43% | ||
|
Light Sour Blend • 14 hours | 78.40 | -2.68 | -3.31% | ||
|
Syncrude Sweet Premium • 14 hours | 85.35 | -2.68 | -3.04% | ||
|
Central Alberta • 14 hours | 75.75 | -2.68 | -3.42% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
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Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
Breaking News:
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Is $100 Oil Within Reach?
We have a situation where…
Energy / Oil Prices
Thinly Traded Crude Oil Futures Trim Gains
Crude oil futures trimmed gains in holiday-thinned trade on Monday, easing off a two-day high after the U.S. dollar erased losses against the euro following a warning by ratings agency…
The Oil Price Closely Observed
When recently asked why the (West Texas Intermediate) oil price at the end of June (2011) had declined from 112 dollars per barrel (=$112/b) to almost 90$/b in a fairly…
Positive Jobless Data Helps Push Crude Oil Futures Higher
Crude oil futures trimmed losses on Thursday, briefly rising above USD95 a barrel after official data showed that the number of people who filed for unemployment assistance in the U.S.…
Prepare Yourselves for The Next Oil Price Shock
Looking at the oil supply & demand fundamentals, next year looks like an accident waiting to happen. If economic growth in emerging economies remains on track, and that is a…
Crude Oil Futures Fall over Economic Concerns
Crude oil futures were down on Thursday, as a broadly stronger U.S. dollar and concerns over the U.S. economic outlook dragged prices lower. On the New York Mercantile Exchange, light,…
Crude Oil Futures Drop to Four Month Low
Crude oil prices extended sharp losses from the previous session on Monday, dropping to a four-month low as the U.S. dollar gained amid uncertainty over a second Greek bailout package,…
Crude Oil Futures Slide Over Economic Recovery Fears
Crude oil futures erased gains on Thursday, as prices were pressured by a broadly higher U.S. dollar and after disappointing U.S. employment data added to concerns over the economic recovery…
How Much of the Price of Oil is Due to Dollar Weakness?
Our markets seem very sensitive to the price of oil... to the extent that I read articles about how high oil prices are keeping the economy down. That begs the…
Why Recession always Follows Oil Price Increases
Over the past 50 years, when oil prices moved up sharply, causing inflation, or remained high with annual average price around $100, recession has followed in many OECD countries (see…
Crude Oil Futures Hit Three Week High
Crude oil futures extended gains on Tuesday, rallying to a fresh three-week high as a combination of a broadly weaker U.S. dollar, renewed worries over unrest in the Middle East…
Market Fundamentals and the Problem With Oil Prices
It has been a tumultuous month when it comes to oil and fuel markets. As of the writing of my Oil and Fuel column in the May issue of Logistics…
Crude Oil Market Update – Monday 30th May
Crude oil futures dipped in light holiday trade on Monday, hovering above the psychologically important level of USD100 a barrel, as prices were pressured by a slightly firmer U.S. dollar…
Jim Rogers Still Bullish on Oil and Silver
According to prominent investor and commodities advocate, Jim Rogers, oil prices are projected to continue increasing, given the depletion of worldwide reserves. However, the expert maintains that silver is expected…
Oil Price Manipulation
The Commodity Futures Trading Commission on Tuesday filed a civil enforcement action alleging that Nicholas Wildgoose and James Dyer, who worked as traders for Arcadia Petroleum Ltd. and its affiliates,…
Poor GDP Data Erases Oil Futures Gains
Crude oil futures erased gains on Thursday, retreating from a two-week high after worse-than-expected U.S. GDP data and an unexpected rise in weekly jobless claims fuelled concerns over the pace…
Rising Inventories Hit Crude Oil Futures
Crude oil futures were down on Wednesday, briefly adding to losses after a government report showed that U.S. crude oil inventories rose unexpectedly last week. On the New York Mercantile…
Crude Oil Futures Continue Their Fall
Crude oil futures plunged on Monday, weighed down by the combined effect of a broadly stronger U.S. dollar, data showing weakening growth in China’s manufacturing sector and ongoing fears over…
Crude Oil Futures Trim Gains After IEA Warns of High Prices
Crude oil futures pared gains in choppy trade on Thursday, after the International Energy Agency warned that elevated oil prices could derail the global economic recovery. On the New York…
Oil prices and trading mechanics
A report from Reuters attributes the wild commodity price moves last week to algorithmic stop-loss trading. Jim Brown offered these details on the oil trading: Those funds interviewed…
Lower Oil Prices
Like a roller coaster ride, 2011 saw oil prices climb gradually, only to fall dramatically this last week. Here I offer my thoughts on some of the key contributing factors.…
