Archive | Threats

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

BP Spokesman: No Production Impact Due To Alaska Oil Spill

An oil spill discovered by BP PLC (BP) at a drilling site in Alaska’s North Slope isn’t affecting the crude output of Prudhoe Bay, the largest oilfield in the U.S., a spokesman for the company said Tuesday. The spill, which occurred when a 6-inch pipeline attached to an oil well broke off, caused no production […] [...more]

Suppliers, Threats Comments Off on BP Spokesman: No Production Impact Due To Alaska Oil Spill

Oil Rises After Report Iranian Forces Surrounded Iraqi Well

Oil rose in New York after reports that Iranian forces entered Iraqi territory and surrounded a well. Crude for January delivery was also helped by U.S. and German economic data that may indicate a rebound in demand for energy, rising as much as $1.67, or 2.3 percent, to $74.32 a barrel in electronic trading on […] [...more]

Price Action, Threats Comments Off on Oil Rises After Report Iranian Forces Surrounded Iraqi Well

Iran can shut down vital oil route: US navy

As word spreads of an upcoming Israeli attack on Tehran, the US Office of Naval Intelligence (ONI) confirms that Iran can easily seal off the Strait of Hormuz in the event of war. According to a September assessment, if the United States or Israel decide to bomb Tehran’s nuclear sites, Iran’s naval modernization and maritime […] [...more]

Threats Comments Off on Iran can shut down vital oil route: US navy

In Wake of Dubai, Trying to Predict the Next Blowup

Like overstretched American homeowners, governments and companies across the globe are groaning under the weight of debts that, some fear, might never be fully paid back. As Dubai, that one-time wonderland in the desert, struggles to pay its bills, a troubling question hangs over the financial world: Is this latest financial crisis an isolated event, […] [...more]

Fundamentals, Threats Comments Off on In Wake of Dubai, Trying to Predict the Next Blowup

Oil rises on Iran detaining Britons, weak dollar

Oil prices rose more than $1 Monday as the detainment of five Britons in Iran and a weak dollar outweighed concerns over debt-laden Dubai and its impact on the global economy. U.S. light crude oil futures for January rose $1.23 to settle at $77.28. In London, Brent crude gained $1.29 to settle at $78.47. Five […] [...more]

Price Action, Threats Comments Off on Oil rises on Iran detaining Britons, weak dollar

Dubai debt meltdown — another financial crisis?

Dubai, an oasis in the Persian Gulf, has woken up to a debt crisis of its state-owned investment flagship Dubai World, a firm known for its slogan — “The Sun Never Sets on Dubai World.” The state-owned conglomerate in the United Arab Emirates Wednesday asked for a delay in repaying some of the 60 billion […] [...more]

Threats Comments Off on Dubai debt meltdown — another financial crisis?

Ida could disrupt two-thirds of Gulf oil output

Nearly two-thirds of the Gulf of Mexico’s oil production could be offline as Tropical Storm Ida blows through the eastern edge of the nation’s largest energy producing region. Houston-based Weather Insight expects oil and gas producers to report about 750,000 barrels of daily crude oil production and 3 billion cubic feet of natural gas production […] [...more]

Suppliers, Threats Comments Off on Ida could disrupt two-thirds of Gulf oil output

Oil jumps nearly 3% on storm and weak dollar

Oil prices rallied Monday amid bets the dollar will continue to depreciate and lingering concerns that Tropical Storm Ida could disrupt production in the Gulf of Mexico. Crude oil for December delivery jumped $2, or 2.58%, to settle at $79.43 a barrel. The advance came as the dollar weakened broadly against rival currencies after the […] [...more]

Fundamentals, Threats Comments Off on Oil jumps nearly 3% on storm and weak dollar

Crude Rises As Focus Turns To Hurricane Ida

Crude futures rose nearly $1 Monday tracking a slight weakness in the US dollar and amid warnings of a hurricane in the U.S. which raised expectations of possible production outages. “We will still be looking for any sign of increased demand in this week’s Department of Energy report,” said Peter Beutel, president of trading advisory […] [...more]

Threats Comments Off on Crude Rises As Focus Turns To Hurricane Ida

Free Ebook!

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