EIA Report Increase of 2.9 Million Barrels in Oil Inventories
The Energy Information Administration on Wednesday released its inventories report according to which crude oil supplies increased by 2.9 million barrels for the week ending June 15th, 2012. Analysts...
View ArticleEIA Reports decrease of 4.3 Million Barrels in Oil Supplies
Energy Information Administration released its inventories report on Thursday according to which crude oil inventories declined by 4.3 million barrels for the week ending June 29th, 2012. Analysts on...
View ArticleEIA Reports Increase of 3.8 Million Barrels in Oil Stockpiles
Energy Information Administration released its inventories report on Wednesday according to which crude oil supplies jumped by 3.8 million barrels for the week ending August 24th, 2012. On the other...
View ArticleCrude Oil Volatile on Weak Economic Data
Crude oil futures slightly gained on Wednesday after volatile session due to weak macroeconomic data, while on the positive side investors were hoping for decrease in oil inventories data. Investors...
View ArticleCrude Oil Declines on Global Demand Uncertainty
Crude oil futures declined on Monday as investors remained uncertain over global demand of oil in reaction to slow Chinese economic growth. The World Bank on Monday reduced its growth forecasts for the...
View ArticleCrude Oil Gains on Supply Uncertainty
Crude oil futures gained on Tuesday despite stronger US dollar as investors were concerned over global oil supplies on threat of Syrian conflict may be spreading to other mid eastern countries....
View ArticleEnergy Prices Rise to Begin Q2
The first quarter of 2013 were a complete roller coaster ride in the energy space. We saw U.S. gasoline futures de-couple from Brent crude prices on RIN speculation and natural gas prices close the...
View ArticleOil Ends Week Near Lows, S&P Levitates
Let it not be said that the Federal Reserve is not dogged in their pursuit of market conditions that it deems as necessary. Strategic commodities like oil and copper were pummeled this week and in...
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