Crude Oil Industry Headline News
"Crude Oil Plunges After Report of Larger Than Expected U.S. Supply Gains"Oil futures tumbled after a U.S ... and distillate fuel....Complete Story"Gas Crisis Freezes Economies in Balkans, Turkey"Russian halted natural gas deliveries to Europe via Ukraine Wednesday amid freezing winter temperatures, escalating [more...]
Date: 2009-01-07 18:45:00
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Crude continues with its upward journey
Mid East tension takes crude higher by more than 9% in two sessionsOngoing conflicts at Middle East, ... prices higher on Monday, 05 January, 2009.On Monday, crude-oil futures for light sweet crude ... is up 11.1% and heating oil is up 9.1%.February natural-gas futures rose 1.7% to $6.072 per million British [more...]
Date: 2009-01-06 03:14:00
Crude Oil Industry Headline News
"Crude Oil Up But Seesaws On Gaza, Russia, Dollar"U.S ... forward curve of futures contracts traded on the New York....Complete Story"Iran Says OPEC to Hold ... . crude oil futures edged upbut trading seesawed on Monday as a stronger dollar brought prices down [more...]
Date: 2009-01-05 16:14:00
Green Ink: Oil Tanks and Science Celebrates
paper Expiring January crude oil futures nosedived Friday while February futures contracts hovered around $42, Bloomberg reports, ... oil majors drooling over Turkmenistan’s huge natural gas field can forget about it, reports the WSJ [more...]
Date: 2008-12-19 13:00:23
Whadda ya bet the price of gas goes up anyway
Last update: 3:50 p.m. EST Jan. 7, 2009 Comments: 89 NEW YORK (MarketWatch) ... started collecting Cushing data. On the Nymex, February heating oil futures fell 5.1% to $1.5431 ... -- Crude-oil futures tumbled 12% Wednesday, marking their biggest one-day percentage drop [more...]
Date: 2009-01-07 22:11:28
Oil Watch: Is it Time To Start Worrying About Crude Supplies Yet?
Crude oil futures closed up more than 4%, finishing New York trading above $48, as worries about oil supplies—such as OPEC’s production cuts and violence in the Middle East— ... an additional 2.2 million barrels of oil output. And the Gaza strip isn’t exactly an oil-producing region [more...]
Date: 2009-01-05 11:52:00
Crude Oil Industry Headline News
"Smart Money Moves Back into Energy, But Carefully"A pair of deals by Oklahoma billionaire George B ... Story"Crude Hits One-Month Highs on Gas Spat Jitters"Crude oil futures climbed more than $2 to above ... natural gas flows to Europe could spark an increased demand for oil....Complete Story"Chesapeake Energy [more...]
Date: 2009-01-06 20:40:00
Middle East Tension Pushes Crude Near $50
Crude oil futures traded higher on Monday, even hitting a three-week high above $49 at one point during trading on the New York Mercantile ... now that the conflict has entered its tenth day. Heavy clashes were reportedly taking place between Israel Defense [more...]
Date: 2009-01-06 15:07:36
Green Ink: Oil?s Floor and Asian Demand
paper Crude oil futures surged past $84 early Tuesday on the back of optimism the world will avoid the worst of the financial crunch, ... reqd.). Despite the recent recovery, oil and other commodities are still well-off summertime highs ... not be unlimited, in the WSJ (sub reqd.). Just don’t tell small businesses the commodities boom is over— [more...]
Date: 2008-10-14 12:10:35
Green Ink: Detroit?s Bargain and Coal?s Future
paper Crude oil futures slipped on Tuesday amid realizations the economy is still tanking, putting even more pressure on OPEC to make big production cuts. Deutsche Bank, gloomier than most banks, sees oil at $47.50 next year, both in Bloomberg. If it goes even lower, $1 gasoline could [more...]
Date: 2008-12-09 13:28:52
Green Ink: Gas Pains and Peak Coal
paper Crude oil futures hovered around $48 amid signs of tightening oil supplies and continued weak demand, Bloomberg reports ... at the compromises of Candian tar sands—plentiful crude, but bad for the environment. The week-long natural gas dispute in Russia is getting hotter, as Russia has shut off all natural-gas supplies to Ukraine [more...]
Date: 2009-01-07 13:09:13
Free Fall: Oil Price Plummets to Near $63
Even after taking the weekend to digest OPEC’s announced production cut Friday, oil markets aren’t impressed. Crude oil futures kept falling Monday, approaching $63 a barrel and marking their lowest prices ... . “Fear is the word,” one broker told Bloomberg. [more...]
Date: 2008-10-27 16:36:41
Crude continues to drop
Prices drop by 12% last week on dour economic dataAfter rallying for four previous sessions, crude oil prices ended lower for the fourth consecutive day today on Friday, 09 January, 2009 ... , crude-oil futures for light sweet crude for February delivery closed at $40.83/barrel (lower by $0.87 [more...]
Date: 2009-01-12 02:24:00
Your New Year’s Trading Resolutions
Happy New Year to all. It is that infamous time to make resolutions — and more importantly keep them right? ... to finally achieve the results you’ve been working so hard for in your forex trading, futures trading ... points ($1,010/contract) Crude Oil Futures: 14 Wins - 4 Losses +2.68 ($2,680/contract) EURUSD Forex [more...]
Date: 2009-01-03 18:47:20
Oil rises above $58 on heating oil, gas futures
Light, sweet crude for December delivery gained 60 cents to $58.20 a barrel on the New York Mercantile Exchange. Jim Ritterbusch, president of energy consultants Ritterbusch and Associates, said oil prices have been driven recently by equity and currency markets, but it appears some fundamentals are now driving price movement [more...]
Date: 2008-11-17 19:10:24
Crude Oil Contango, And Not A Tanker To Be Found
Crude oil is currently in contango as futures are trading at a significant premium to spot prices (see WSJ article). As of yesterday's close, spot prices were around $43 a barrel as May futures were trading near $50 a barrel. Unfortunately, to profit from the difference, you need to store the crude somewhere, yet [more...]
Date: 2009-01-09 14:52:52
Crude drops for fifth straight day
Prices drop by more than 7% on demand concernsAfter rallying for four previous sessions, ... Monday, crude-oil futures for light sweet crude for February delivery closed at $37.59/barrel (lower ... reformulated gasoline sank 2.4% to $1.0841 a gallon, while February heating oil lost 2.1% to $1.4877 [more...]
Date: 2009-01-13 02:42:00
Daily Forex Overview
Previous session overview On Thursday, the dollar rallied across the board, rebounding from sharp losses that accumulated since the start of the week, on a surge in U.S. stocks when crude oil futures dove more than USD5 on the day. In comments in an interview, ECB President Jean-Claude Trichet said there is a risk of a wage-price spiral developing [more...]
Date: 2008-07-18 06:59:24
The Ghost of Crude Oil Futures (Part 2)
Happy New Year. Welcome is the psychological reset of the scorecard to our portfolios ... . All the same, this “fresh start” psychology will play a role in the future of oil… well, futures. Taking [more...]
Date: 2009-01-02 16:17:38
As Per Astrology: Gold Will Be Safe Investment in 2009
Lt. Col. Ajay Jain, Commodity Online Leave the year 2008 behind and look for the future as the coming year is expected to bring good hopes for Asian ... and commodity markets. But hold on. The US and European economy may still suffer before it can rebound. Astro ... , this is right time for investment in crude oil for short term trading, since crude oil [more...]
Date: 2009-01-01 14:51:43
The Best of 2008: A year not to be forgotten
It’s the end of 2008 and many traders are saying “Good ridance!” To them I say be careful what you ask for, because you just might get it ... R? Understanding Open Interest in Futures and Options Trading Crude Oil Prices and the Economic Stimulus ... in the markets. Now, of course, the complaint is about too much. Funny how the pendulum swings like that, [more...]
Date: 2008-12-31 13:54:33
Green Ink: Pricey Nukes and Supervolcanoes
paper Crude oil futures jumped above $50 after Kuwait and Qatar said they would trim January oil shipments, ... . But oil prices are still low enough to cause pain to big producers, like Venezuela, which has scrapped its $100 million heating-fuel giveaway to U.S. consumers, in the WSJ (sub reqd.). Where is Big [more...]
Date: 2009-01-06 13:00:44
Oil Ink: OPEC Slashes Output, Crude Price Falls
OPEC did exactly what it promised in Vienna, slashing oil output by 1 ... two years and crude futures fell to $63 in New York. With global demand for oil retrenching ... the cartel’s official forecasts. The Washington Post quotes the Qatari oil minister saying “We hate [more...]
Date: 2008-10-24 12:24:06
Deflation, Inflation or Stagflation???
Remember FCX as leading indicator?Gold rallied 31 percent in 2007 as inflation rose at the fastest rate in almost two decades ... . Crude-oil futures have plunged 74 percent from a record in July.Will copper and oil and CRX drag gold ... only fleetingly in the form of a speculative blowoff in commodities, was just a head-fake, a seduction [more...]
Date: 2008-12-23 17:34:00
OPEC cuts production, prices fall, Hugo sweats some more
WSJ Blog: Oil Ink: OPEC Slashes Output, Crude Price Falls OPEC did exactly what it promised in Vienna, slashing oil output by 1 ... two years and crude futures fell to $63 in New York. BBC: The cut will take effect from 1 November ... at Newedge, a brokerage firm. “Falling prices will deepen, not lessen, those divisions.” Because [more...]
Date: 2008-10-24 12:30:13
Good Time To Hedge Against Higher Gasoline Prices?
I just filled up my tank for the least amount of money in a long time ... $1,000 of one of the two major oil ETFs tracking crude oil prices, USO or OIL. (Use a broker with free ... to compensate. If $4/gal comes back, your annual fuel bill would rise by $1,000, but your oil futures stock [more...]
Date: 2008-11-13 14:20:17
Green Ink: The Energy Debate
paper Crude oil futures rebounded Wednesday from an early stumble after central banks in the U.S., U.K ... . Even though oil prices are well below their July high, U.S. homeowners can still expect to pay 15% more this winter in heating bills, reports the WSJ (sub reqd.). The second presidential debate [more...]
Date: 2008-10-08 14:23:31
Crude Oil Surges; OPEC to Make ‘Severe’ Cut
Crude oil futures jumped to near $48 a barrel on Thursday trading in New York, ... and other dollar-denominated commodities. OPEC, the supplier of 40 percent of the world’s crude [more...]
Date: 2008-12-11 21:48:03
Guilty, until proven innocent
There's a new website available for those who prefer to "shoot first and ask questions later" when it comes to speculation in crude oil futures markets. Like many other complex issues ... are increasingly buying and selling commodities such as oil to sell again, rather than to use. As largely [more...]
Date: 2008-07-13 19:01:00
Oil E&P Firms Mixed as Crude Hovers at $38; ‘09 Recovery?
Shares of the major oil and gas exploration and production firms were mixed today as crude oil futures slipped to 38 ... the rise of U.S. oil reserves, which are up 10% this year. The article quotes Sarah Emerson, head of Energy [more...]
Date: 2008-12-30 19:17:05
OPEC's Actions Irrelevant for Now
By Markos N. Kaminis - Economy & Markets:Visit the front pages of Wall Street Greek and Market Moving News to see our current coverage of economic ... $40.50 on the WTI futures contract for January deliver, the price of crude oil at the hour ... a relatively significant action from the consortium, but as crude oil prices moved curiously counter [more...]
Date: 2008-12-17 21:45:00
Crude Oil Rises After Israeli Attacks
Crude oil rose a second day in New York after Israeli air strikes in the Gaza strip killed more than 285 people, ... commodities as a haven. Oil gained as much as 3.9 percent as Israel called up reservists after two days ... , to $39.70 a barrel on London’s ICE Futures Europe exchange. The contract gained 4.8 percent [more...]
Date: 2008-12-29 02:15:00
Green Ink: Detroit’s Electric Dance, and Google’s Dirty Searches
paper Crude oil futures slumped to $38 in early trading Monday amid fears that lower OPEC production won’t be enough to counter cratering global demand for oil, Bloomberg reports. With oil prices (and valuations) falling, Exxon is sitting ... profiles “Bidder 70,” the environmental activist who waylaid the Utah oil-and-gas lease auction [more...]
Date: 2009-01-12 16:14:00
Not Too Fast, ATA
Yesterday’s ATA SmartBrief (a free newsletter that is well worth subscribing to) ... , and sugar DBB follows aluminum, zinc, and copper DBC tracks crude oil, heating oil, gold, aluminum, corn ... , speculative money started flowing rapidly out of the oil futures market.” This effect isn’t necessarily [more...]
Date: 2009-01-07 13:35:43
CFTC Report on High Oil Prices - "Speculation My A$$"
With a pending Senate vote on the "Stop Excessive Energy Speculation Act", it seems that we (not the TOD 'we', but the collective society 'we') ... . In this report, the Commodity Futures Trading Commission (CFTC), threw cold water on the recent ... , activity on the crude oil futures market – as measured by the number of contracts outstanding, trading [more...]
Date: 2008-07-23 14:47:59
Green Ink: Electric Cars and Barricades
paper Crude oil futures rebounded above $50 as governments around the world suggest measures to revive demand and OPEC’s previous production cuts ... to lower the cost of energy to proposals to keep gas prices high enough to benefit alternatives, the WSJ reports (sub reqd.). In the meantime, lower gas prices are a nearly $300 billion shot in the arm [more...]
Date: 2008-11-21 13:14:30
Jim Wyckoff’s Morning Blog–Tuesday
Tuesday, January 6–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is a stronger U.S. dollar and firmer crude oil futures prices that have pushed back ... , the U.S. T-Bond market has suffered serious near-term technical damage to now suggest that a major [more...]
Date: 2009-01-06 13:13:28
Green Ink: Last Act for Detroit
paper Crude oil futures retreated Tuesday to just over $52 a barrel due to unremitting signs of weak global demand, and Russia may coordinate output cuts with OPEC, Bloomberg reports. Natural gas prices will remain soft, too—a new report says gas oversupply will keep U.S. prices cheap for the next five years [more...]
Date: 2008-11-25 13:16:27
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]
Date: 2009-01-02 21:23:20
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]
Date: 2009-01-03 09:25:14
MINOR CORRECTION EXPECTED ON THE PRICE OF CRUDE PALM OIL
In My previous article more than a month ago, I have mentioned that the price of Crude Palm Oil Futures is set to rally with a target of RM2, ... Advisor. Click on chart to view enlarged chart.The current price does not warrant a low risk trade [more...]
Date: 2009-01-13 02:39:00
Are Speculators Really That Bad for Commodities Markets? (pfblogs.org)
David Enke submits: Commodity index investors (ie, speculators) sold $39 billion worth of crude oil futures between the July market peaks and September 2nd, a time that saw a rapid sell-off in crude oil prices (see Independent.iearticle).Complete Story » ... [more...]
Date: 2008-09-12 11:41:59
Green Ink: Oil?s Down, Motown Drowns
paper Crude oil futures fell to about $54 amid signs of weakening demand, as U.S ... . And the developers of the Nord Stream gas pipeline project insist it is still on track, despite Vladmir Putin’ [more...]
Date: 2008-11-18 13:14:53
How Main Street Will Quickly Feel The Fallout From Wall Street
In case you didn't think you'd feel the effects of the Wall Street meltdown in the short-term, you would be wrong: ... as investors dashed into commodities on concerns about the government’s plan to bail out the financial system. After a wild last hour of trading, crude oil futures surged as high as $130 a barrel before [more...]
Date: 2008-09-22 23:48:06
Jim Wyckoff’s Morning Blog–Monday
Monday, January 5–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is a stronger U.S. dollar and weaker crude oil futures prices. JIM’S MARKET THOUGHT OF THE DAY * I was able to get away from the office for a few days between the Christmas and New Year’ [more...]
Date: 2009-01-05 13:26:05
Bush Ends Executive Ban on Off-Shore Drilling and Oil Prices Drop 7% in two trading sessions
June 20, 2008 — USA Today: Democrat Barack Obama’s campaign released remarks he plans to make at the start of a news conference in ... of futures trading in commodities. – WLS ... on July 14 — $145.18. Price of oil at close on July 16 — $134.60. “Crude-oil futures tumbled $4.14 [more...]
Date: 2008-07-17 00:34:34
Crude Oil Rises More Than 6 Percent as U.A.E. Reduces Output
Crude oil rose more than 6 percent in New York, the biggest increase in two weeks, ... and London’s ICE Futures Europe exchange, where Brent crude oil is traded, were closed yesterday [more...]
Date: 2008-12-27 06:56:56
Oil jumps 14 percent, products up
Oil jumps 14 percent, products up NEW YORK (Reuters) ... supply this winter. U.S. crude oil futures for February settled up $5.57 to $44.60 per barrel, but down ... on production rates to try to boost margins. As heating oil and gasoline prices are rallying, crude [more...]
Date: 2008-12-31 20:53:31
Daily Forex Overview
Previous session overview On Friday, the euro almost hit a record high against the dollar on worries about mortgage giants Fannie Mae and Freddie Mac. A sharp fall in U.S. stocks, along with a fresh record high for crude oil futures on the New York Mercantile Exchange, sent the euro to an 11-week high of USD1.5949 - less than a cent [more...]
Date: 2008-07-14 08:23:06
Oil jumps 14 percent, products up
Text By Edward McAllister NEW YORK (Reuters) - U.S ... of commodities on Wednesday, tracking a jump in gasoline for example a slowdown in domestic refinery activity sparked fears of tightening combustible matter supply this winter. U.S. crude oil futures [more...]
Date: 2009-01-01 04:57:02
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