Oil prices rose on Wednesday for the first time in three sessions to trade around $75 a barrel, bouncing with equities and supported by a weaker dollar as concerns over the European banking system eased and investors cautiously bought riskier assets. A weaker U.S. dollar tends to boost the price of dollar-priced commodities as it [...] [...more]
The price of spot crude oil fell during yesterday’s trading following renewed concerns over the global economic recovery. This time around it was Europe that sparked fears of a weakened banking system and fiscal concerns in Ireland. Spot crude oil prices fell to $73.80, after opening the day at $74.04. Also affecting the price [...] [...more]
The price of Crude Oil appears to have flattened out since last Friday’s Non-Farm Payroll data. Many market participants were pricing in an expectation for a surge in the USD, and therefore a plummeting price of oil, following Friday’s NFP data. Since disappointing data wasn’t delivered, and risk appetite remained steady, commodity prices also seem [...] [...more]
Crude oil saw an extremely volatile session during last week’s trading. Crude began last week with a sharp fall to $71.50 a barrel. However by Tuesday crude saw a trend reversal that brought it up to $75.40 a barrel. Crude oil fell during the beginning of last week due to concerns that the U.S. economy, [...] [...more]
An increase in US crude oil inventories did not stop prices from increasing dramatically yesterday. Typically speaking, larger inventories mean that there is decreased demand in the US which causes prices to drop. This was not the case yesterday, as the weakened dollar helped boost commodity prices, including oil. Crude prices jumped over $2, and [...] [...more]
Crude oil dropped for the second consecutive day today. Crude oil fell about 250 pips during yesterday’s trading session. A barrel of oil was traded for around $74.15 during yesterday morning, and dropped to a daily low of $71.52 a barrel. Crude oil prices fell yesterday as investors are concerned that oil demand in the [...] [...more]
Spot crude oil prices fell yesterday as traders reduced their exposure to risky assets. This snapped a 3-day streak of rising prices for the commodity. Pushing the price of crude oil down were weak equity markets and lackluster consumer data released from the US. The price of spot crude oil fell to $74.05, following an [...] [...more]
The price of spot crude oil has dipped as low as $71 a barrel this past week. However, as of this morning, news of a speculative drop in safe havens such as the USD and JPY has helped bring commodity prices back up slightly. The price of crude oil has rebounded back above $75 a [...] [...more]
Oil prices extended gains to rise above $73 a barrel Thursday, as regional stock markets advanced and recent sharp losses in crude drew more buyers. Crude has fallen about 11.5% from around $82 a barrel early this month as more evidence of a slowing US economy suggested that demand for oil and gas would remain [...] [...more]
The price of spot crude oil rose today despite sluggish equity markets and rising crude oil inventories. Crude oil prices finished higher on the day at $72.75, from an opening day price of $71.88. The US Energy Information Administration released its weekly crude oil inventory level report that showed crude oil inventories rose 4.1M barrels. [...] [...more]
