Archive | May, 2011

Crude Oil Prices Steady Near $100 a Barrel

Crude Oil Prices Steady Near $100 a Barrel

Oil prices held steady this morning with the $100 price level acting as a firm footing for this commodity. US oil stockpiles rose a half a million barrels last week, beating expectations and helping to hold the value of light, sweet crude steady near its current mark. The price of black gold has been trading […] [...more]

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Crude Oil Lower On Chinese Economic Data

Crude Oil Lower On Chinese Economic Data

The price of spot crude oil fell after weaker than expected Chinese PMI data and a flair up in the European debt crisis. Both events had the same effect of switching to a “risk-off” mode as higher yielding assets such as equities and the Australian dollar traded lower on the day. Spot crude oil traded […] [...more]

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Crude Oil Prices Hold near $98

Crude Oil Prices Hold near $98

Oil prices fell below $98 a barrel yesterday morning, surprisingly after the euro took off against its primary rival, the US dollar. US oil stockpiles rose over 3 million barrels for the second week in a row last week, and forecasts for today’s oil inventories report is for another increase of approximately 1.4 million barrels. […] [...more]

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