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 [...] [...more]
The price of crude oil spiked after a positive US jobs report convinced investors that American demand would also increase. Additionally, fresh threats from Iran to limit exports led to supply side fears which also boosted prices. The price of crude increased almost $2 on Friday to close out the week at $97.81 a barrel. [...] [...more]
Friday saw the price of crude oil tumble, as traders unloaded their positions before the February contract expired. Questions regarding Greece’s possible debt swap deal also caused prices to slip as low as $98 a barrel. The commodity eventually closed trading for the weekend at $98.42. Today’s meeting of euro-zone finance ministers is likely to [...] [...more]
Crude oil closed last week on a bearish note, after news that any EU ban on imported Iranian oil will likely be phased in over the next several months. The news helped settle investor fears that oil imports into Europe would not be disturbed in the immediate future. Crude oil finished out the week below [...] [...more]
The price of crude oil fell on Wednesday, as fears of an economic slowdown in Europe prompted investors to shift their funds away from the commodity. With the USD once again rising, crude oil has become less attractive of an investment. A strong US dollar makes oil more expensive for international buyers and drives investors [...] [...more]
The price of crude oil fell last week, as continued worries over the euro-zone debt crisis combined with troubling news out of the Middle East helped scare off investors. The commodity has dropped well below the $100 a barrel level and analysts are warning that the trend may continue this week. Today, traders will want [...] [...more]
If you are trading oil, then you will want to keep an eye on particular news items that can affect the price. There are many news releases that can move the price of oil, and some of them, such as an announcement of sanctions or action by OPEC, cannot be readily anticipated. Others however are [...] [...more]
With the poor returns on capital that are available in these days of low interest rates, it is no surprise that more people are looking to trading to increase their wealth. One of the most effective markets for doing so is the futures, or commodities, market, mainly because it provides an excellent opportunity to multiply [...] [...more]
Today members of OPEC will be meeting in Vienna, their first meeting since June when participants failed to come to an agreement on supply levels. The main conflict occurred between Saudi and Iranian officials. There will be additional variables in the equation with the present output from Libya unknown and increasing supplies coming back online [...] [...more]
Spot crude oil prices continue to move higher as Europe takes steps towards closer integration and enforceable budget rules. Crude oil prices rose to their highest level since mid-November following Merkel and Sarkozy’s speech yesterday. The press conference by the two leaders coincided with the release of the ISM services PMI which came in at [...] [...more]
The price of spot crude oil continues to decline following a brief push above the $100 level. Investors have been taking their cues from events in Europe which have dragged down market sentiment. A combination of political gridlock in Europe combined with credit rating downgrades of Portugal, Hungary, and Poland have all weighed on the [...] [...more]
Spot crude oil prices have peaked above the psychological barrier of $100 and have extended gains following the release of stronger than expected industrial production numbers and inflationary data that showed prices in the US declined more than forecasted. Crude oil prices have been on a tear since the end of October, rising over 33% [...] [...more]
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