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Oil Rises As Market Awaits Saudi Move Counter Glut

Oil Rises As Market Awaits Saudi Move Counter Glut

Despite another gloomy demand forecast…

Energy / Oil Prices

Crude Oil Analysis for the Week of August 22, 2011

Crude Oil Analysis for the Week of August 22, 2011

Aug 23, 2011 at 19:10 | FX Empire

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…

Falling Gasoline Supplies Push Crude Oil Futures Higher

Falling Gasoline Supplies Push Crude Oil Futures Higher

Aug 17, 2011 at 09:47 | Forex Pros

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…

Crude Oil Analysis for the Week of August 15, 2011

Crude Oil Analysis for the Week of August 15, 2011

Aug 14, 2011 at 10:21 | FX Empire

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…

Oil Prices and the Fall of the Soviet Union

Oil Prices and the Fall of the Soviet Union

Aug 11, 2011 at 07:24 | Gail Tverberg

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;…

Why Falling Oil Prices are NOT a Reason to Celebrate

Why Falling Oil Prices are NOT a Reason to Celebrate

Aug 10, 2011 at 08:37 | Robert Rapier

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…

Crude Oil Analysis for the Week of August 8, 2011

Crude Oil Analysis for the Week of August 8, 2011

Aug 07, 2011 at 10:04 | FX Empire

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…

Why High Oil Prices will Make the Next Debt Crisis Even Worse

Why High Oil Prices will Make the Next Debt Crisis Even Worse

Aug 05, 2011 at 07:49 | Gail Tverberg

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…

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

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…

Debt Ceiling Agreement Pushes Crude Oil Prices Higher

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…

Crude Oil Analysis for the Week of August 1, 2011

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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