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]
Crude Oil prices bounced from a 7 week low on Wednesday as investors looked for relief in U.S. durable goods and oil inventory reports due later in the day, after fears of a double-dip recession intensified with dismal housing data. Oil slid 2% on Tuesday on news that sales of previously owned U.S. homes dropped [...] [...more]
The strengthening US dollar has been putting steady pressure on the value of commodities this past week. Spot crude oil prices have been falling since August 6th, and little news events appear to be capable of slowing this movement. Most forecasts this week are predicting a continued decline in market sentiment, pushing more and more [...] [...more]
Crude oil continued to tumble during last week’s trading session. A barrel of crude oil was trading at around $75.70 at the beginning of the week, and eventually dropped to around $73.85 a barrel by Friday. The main reason for crude oil’s decline seems to be the negative data from the U.S, the biggest oil [...] [...more]
