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Why WTI Could Crash In The Coming Weeks

Why WTI Could Crash In The Coming Weeks

Refinery maintenance season is quickly…

Energy / Oil Prices

Strong Housing Data Helps Extend Crude Oil Gains

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…

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

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…

Crude Oil Analysis for the Week of July 18, 2011

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…

Crude Oil Futures Up for the Day as Unemployment Applications Fall

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…

IEA's Efforts to Ease High Oil Prices Fails

IEA's Efforts to Ease High Oil Prices Fails

Jul 13, 2011 at 07:48 | Energy Digital

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…

Crude Oil Analysis for the Week of July 11, 2011

Crude Oil Analysis for the Week of July 11, 2011

Jul 11, 2011 at 08:23 | Commodities Mansion

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 Maintain Gains Following EIA Inventory Data

Crude Oil Futures Maintain Gains Following EIA Inventory Data

Jul 07, 2011 at 11:06 | Forex Pros

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…

Crude Oil Mid-Week Analysis for the Week of July 4, 2011

Crude Oil Mid-Week Analysis for the Week of July 4, 2011

Jul 06, 2011 at 08:28 | Commodities Mansion

After a two-day consolidation, August crude oil surged to the upside. The rally was set up by last week’s closing price reversal bottom at 89.61 and penetration of several technical…

Thinly Traded Crude Oil Futures Trim Gains

Thinly Traded Crude Oil Futures Trim Gains

Jul 04, 2011 at 10:50 | Forex Pros

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

The Oil Price Closely Observed

Jul 01, 2011 at 07:29 | Ferdinand E. Banks

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…

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