Cliff Wachtel Weekly Oil Analysis – September 21, 2010

Cliff Wachtel Weekly Oil Analysis – September 21, 2010

Oil fell in New York as traders sold the October future that expires today after short-term supply concerns dissipated because Enbridge Energy Partners LP started a pipeline supplying the U.S. Midwest. Crude retraced part of its 1.6 percent gain yesterday as traders sold contracts after buying last week to cover the threat of supply disruptions […] [...more]

Cliff Wachtel Comments Off on Cliff Wachtel Weekly Oil Analysis – September 21, 2010

Crude Drops Below $78 a Barrel

Crude Drops Below $78 a Barrel

Crude futures fell 2.8%, following the release of a U.S. government inventories report which showed gasoline stockpiles rose for the seventh-straight week, spurring concerns the faltering global recovery cannot support demand. Light, sweet crude for September delivery settled down $2.23 at $78.02 a barrel on the New York Mercantile Exchange, after falling as low as […] [...more]

ForexYard Comments Off on Crude Drops Below $78 a Barrel

Crude Trades near a 7 Day Low

Crude Trades near a 7 Day Low

Crude Oil prices dropped 1.5% yesterday as the department said the U.S. economy lost momentum heading into the second year of the recovery from the recession. Crude pared losses after Federal Reserve policy makers announced their first attempt to bolster growth since March 2009. Oil hovered around $80 a barrel on Wednesday after data showed […] [...more]

ForexYard Comments Off on Crude Trades near a 7 Day Low

Free Ebook!

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