Crude Jumps In Early Trade (USO, UNG, DVN, ACI, HES, QRE) Crude oil opened higher on Monday as Saudi Arabia is taking steps to calm the oil market, increasing exports, filling up strategic oil stocks overseas and tapping oilfields to expand production capacity. Crude for April delivery added 60 cents, or 0.6%, to $107.66...
Crude Jumps As Officials Deny Reports Of release of crude reserves (USO, UNG, VTG, NOV, CRZO, ARP, RIG, RDS.A) Crude Oil climbed on Thursday as the government officials denied that the U.S. and the U.K. plan to release some of their strategic crude reserves, which had pushed oil lower to below $104 on Thursday....
Crude Off Session Low On Iran Tensions (USO, UNG, BP, SCEI, XCO, CLNE, FSYS, WPRT) Crude Oil futures was trading slightly higher on Monday on lingering supplies concerns due to ongoing tensions over Iran’s nuclear program, overshadowing a lowering of China’s economic growth target and weak U.S. factory orders. Light sweet crude oil for...
Crude Recovers After Confidence Data (USO, UNG, TGP, TRP, SWN, TAT, AMRS) Crude Oil futures were consolidating around $108 a barrel following better-than-expected news about consumer confidence. Earlier crude was trading lower, but it moved back up after the Conference confidence among American consumers in February rose to its one year high. Crude oil...
Crude Recovers After Confidence Data (USO, UNG, TGP, TRP, SWN, TAT, AMRS) Crude Oil futures were consolidating around $108 a barrel following better-than-expected news about consumer confidence. Earlier crude was trading lower, but it moved back up after the Conference confidence among American consumers in February rose to its one year high. Crude oil...
Crude Pulls Back From 9-Month High (USO, UNG, ATPG, BP, ACI, DRQ, UNS) Crude-oil futures pulled back from 9-month highs on Monday following concerns raised by G-20 countries, which are unlikely to help out the European countries unless they provide sufficient budget cuts. Crude-oil futures for April slid $1.08, or 1%, to $108.65 in...
Crude Hits 9-Month On Greece, Iran (USO, UNG, HES, NVE, CIE, SWC) Crude Oil continued to soar to near 9-month highs on Tuesday on Greece’s deal and supply fears as Iran blocked oil to the U.K., France, and other Western nations. Over the weekend, Iran announced that it will stop supplying oil to Britain...
Crude Oil hits 9-Month High On Iran, Greece hopes (ECA, KEG, EOG, FSLR, CLD, OIS) Crude-oil oil futures extended its rally Friday boosted by ongoing geopolitical tensions involving Iran and on hopes that Greece is close to securing a second bailout. Crude for March delivery climbed $0.52, or 0.51%, to $102.82 a barrel on...
Crude Retreats On Euro Weakness (HDY, UPL, HEP, GEL, PGN, COP) Crude oil retreated on Thursday as the euro came under pressure against the dollar and slid below $1.30. There are reports Iran has replied to European Union attempts to resume talks on the country’s nuclear program. Crude oil futures for March delivery slid...
