Oil falls below $54 as US demand outlook worsens

Markets in the United States are closed Thursday for the Thanksgiving holiday, but electronic trading on the Nymex continues ... from a low of $52.62 earlier in the session. Investors tend to increase their holdings in commodities ... cents to $53.21 on the ICE Futures exchange. Prices have hovered just above three-year lows [more...]

Date: 2008-11-27 13:01:00

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ForexGen | Oil Falls Below $54 as US Demand Outlook Worsens

Oil falls below $54 as rising oil inventories, bad economic data point to falling US demand Oil prices fell below $54 a barrel Thursday as dismal U ... of $52.62 earlier in the session. Investors tend to increase their holdings in commodities like oil ... to $53.27 on the ICE Futures exchange. Prices have hovered just above three-year lows this week as [more...]

Date: 2008-11-28 13:16:13

At the bottom end of a narrowing range

This weekend I've been looking at this rising wedge/pennant pattern that seems to be present in all the major indexes ... from the new CDS exchange system being developed. Further, they will see higher volumes from a renewed interest in commodities as they bottom. ICE actually announced record volumes last Tuesday in energy [more...]

Date: 2009-01-12 03:15:00

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

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