Starting to see some improved trading in the June Crude Oil Futures contract. As you know, I personally focus on day to active trading this market. I’m not a big proponent of taking longer term positions. With that, I’m focusing on two trading opportunities happening now. In each case, I have the potential of earning [...]
Following the US dollar’s broad gains during yesterday’s trading session, the price of crude oil extended its bearish run throughout the day. Dollar based commodities, like oil, typically fall when the USD is strong, because it makes them more expensive for international buyers. The price of crude slipped within reach of $103 a barrel yesterday. [...]
Expectations that US crude oil inventories increased over the past week caused the price of oil to slip during European trading yesterday. High inventories in the US are usually a sign of decreased demand in the world’s largest oil consuming country, which can lead to a drop in prices. Yesterday, crude fell as low as [...]
Crude oil declined steeply on Tuesday, as weakened demand weighed down on the price of the commodity. The price of oil steadily decreased yesterday, falling as low as $106.13 a barrel before staging a correction during the evening session. Analysts attributed oil’s bearish trend to decreased demand in the EU and China, as well as [...]
Following last week’s gains, crude oil remained steady throughout yesterday’s session. Taking into account a number of global indicators, some analysts are wondering if the price of crude may have peaked. Recent news out of China regarding its shrinking manufacturing sector and overall weakened growth rate has pushed down demand for crude oil. Countries across [...]
The price of crude oil dropped more than $2 a barrel on Friday, following comments from US President Obama that signaled that the US is not ready to use military force against Iran to halt that country’s nuclear program. The news calmed investors immediate supply side fears and resulted in crude closing out the week [...]
Many people who notice the fluctuating price of gas at the pump will often wonder what crude oil trading is all about and what impact the price of oil has on gas prices. In a very general sense, crude oil trading is a process through which various parties come together in an organized manner to [...]
After reaching a 9-month high last Friday, the price of crude oil slipped during yesterday’s trading session amid an increase in risk aversion. The commodity dropped as low as $108.22 a barrel, after it approached the $110 level last week. Concerns that the high price of oil would negatively impact global economic growth led to [...]
Crude oil was largely steady throughout yesterday’s trading session, despite pessimism that the recent approval of a Greek bailout deal would help the country avoid defaulting on its debt. Iranian threats to halt oil exports to any European country that did not sign a long-term contract reinforced supply side fears among investors. As a result, [...]
The price of crude oil spiked during yesterday’s trading session, reaching as high as $101.81 a barrel, before staging a slight downward reversal. Escalating tensions in the Middle East were largely to blame for oil’s bullish trend. Supply side fears are growing as threats from the West to boycott Iranian oil are being matched by [...]
