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Why Oil Remains Stuck At $40

Why Oil Remains Stuck At $40

Oil prices posted gains once…

Energy / Oil Prices

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

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

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.…

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…

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…

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.…

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

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

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

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

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

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

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

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

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

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…

Positive Jobless Data Helps Push Crude Oil Futures Higher

Jun 30, 2011 at 13:34 | Forex Pros

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

Jun 28, 2011 at 07:48 | Dave Cohen

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

Jun 23, 2011 at 15:26 | Forex Pros

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

Jun 20, 2011 at 12:40 | Forex Pros

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,…

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