Archive | March, 2010

Weekly Inventories Data – March 31, 2010

U.S. crude oil refinery inputs averaged 14.2 million barrels per day during the week ending March 26, 192 thousand barrels per day above the previous week’s average. Refineries operated at 82.6 percent of their operable capacity last week. Gasoline production slightly increased last week, averaging 9.0 million barrels per day. Distillate fuel production decreased last […] [...more]

Inventories Comments Off on Weekly Inventories Data – March 31, 2010

Spot Crude Oil Trading Rises

2010-03-31: Spot Crude Oil Trading Rises Spot Crude Oil traded higher for the second consecutive day after better than expected consumer confidence numbers, though the gains in spot Crude Oil prices were held in check by a stronger Dollar. The rising prices are prior to the release of the weekly Crude Oil inventory reports. Spot […] [...more]

ForexYard Comments Off on Spot Crude Oil Trading Rises

Crude Prices May Drop Following British Reports

2010-03-30: Crude Prices May Drop Following British ReportsWhile Crude Oil prices have been fluctuating quite heavily as of late, a decrease in risk sentiment among investors may lead to a prolonged downtrend. Investors are likely to be turned off from risk taking depending on the outcomes of both British reports set to be released today. […] [...more]

ForexYard Comments Off on Crude Prices May Drop Following British Reports

Oil gets boost from economic data, Moscow bombing

Oil prices got a boost Monday from positive economic indicators and worries about terrorist bombings in Moscow. Benchmark crude for May delivery jumped $2.17 to settle at $82.17 a barrel on the New York Mercantile Exchange. At least 38 people died and more than 60 were hurt after two female suicide bombers blew themselves up […] [...more]

Price Action, Threats Comments Off on Oil gets boost from economic data, Moscow bombing

Oil Consolidates Around $80 a Barrel

2010-03-29: Oil Consolidates Around $80 a BarrelLast week’s trading proved one thing, $80 a barrel is a stabile price for crude oil. Crude began last week with a rising trend that peaked at $82.15 a barrel. However as the week progressed, crude oil saw several ups and downs, which took oil back to around $80 […] [...more]

ForexYard Comments Off on Oil Consolidates Around $80 a Barrel

Crude Continues its Decline for 3rd Day

2010-03-26: Crude Continues its Decline for 3rd Day Crude oil for May delivery fell as much as 48 cents, or 0.6%, to $80.05 a barrel on the New York Mercantile Exchange yesterday. Oil prices fell for a 3rd day on week global equities and a strong U.S. Dollar. A stronger Dollar tends to weigh on […] [...more]

ForexYard Comments Off on Crude Continues its Decline for 3rd Day

Oil Drops as Inventories Rise

2010-03-25: Oil Drops as Inventories RiseThe price of crude oil fell 1.5% to $80.20 during yesterday’s trading session. This drop came after a U.S. government report showed Crude Oil inventories rose more than expected in the world’s top energy consumer. The Energy Department reported that crude inventories rose by 7.3 million barrels to 351.3 million […] [...more]

ForexYard Comments Off on Oil Drops as Inventories Rise

Weekly Inventories Data – March 24, 2010

U.S. crude oil refinery inputs averaged 14.0 million barrels per day during the week ending March 19, 102 thousand barrels per day above the previous week’s average. Refineries operated at 81.1 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.0 million barrels per day. Distillate fuel production decreased last week, […] [...more]

Inventories Comments Off on Weekly Inventories Data – March 24, 2010

Spot Crude Oil Prices Continue to Rise

2010-03-24: Spot Crude Oil Prices Continue to RiseSpot Crude Oil is currently trading just over $81 a barrel, after visiting higher prices during yesterday’s trading. The US Existing Home Sales report helped lift oil prices, after analysts were pleased that the report showed only a slight decline in home sales. However, during after-hours, the price […] [...more]

ForexYard Comments Off on Spot Crude Oil Prices Continue to Rise

NYMEX-Crude pares gains, APIs show huge stock build

U.S. crude oil futures pared gains in post-settlement trading on Tuesday, after industry data showed that domestic crude stocks rose much more than expected last week. Gasoline futures also trimmed gains as data from the American Petroleum Institute showed gasoline stocks dropped far less than expected. Heating oil futures firmed as the API reported that […] [...more]

Inventories Comments Off on NYMEX-Crude pares gains, APIs show huge stock build

Free Ebook!

Dowlnoad this FREE Ebook to Discover
7 Expert Secrets to Crude Oil Futures Trading
Enter Your Name & Email For Instant Access: