Crude Oil Retreats On Strong Dollar, China Data (USO, UNG, BHI, ANR, EIX) Crude oil retreated on Friday China’s National Bureau of Statistics showed that the mainland economy in the first quarter expanded at its slowest pace of growth in 11 quarters. Crude-oil futures for delivery in May slid 78 cents, or 0.75%, at...
Crude Oil Extends Rally To Above $103 a Barrel (USO, UNG, YPF, WLL, PKD, RDC) Crude oil extended its rally for the second straight session Thursday with a strong rise in equities, falling dollar and hopes of better than estimated GDP data from China tomorrow. Crude for May delivery jumped 69 cents, or 0.7%,...
Crude Oil Recovers to above $102 a barrel after inventories (USO, UNG, WBK, QRE, SLB, NOV, LLEN, ANR) Crude oil bounced back from its multi-week lows on Wednesday following inventories jumped during the latest week, which was better compared to previous ones. Also, Alcoa Inc.’s solid earnings boosted market sentiment. Crude for May delivery...
Commodities Round Up: Gold Up, Crude Oil Flat (USO, UNG, SLV, GLD, AA, CVX, PVR, CVX) Commodities were trading almost flat after yesterday’s fall. But Gold is trading slightly higher after a sluggish employment data on Friday, which raised expectations for a fresh round of U.S. quantitative. Also, China surprisingly showed a trade surplus...
Crude Oil Slumps Over 2% to $101 a barrel (USO, UNG, COP, MMR, OKS, MCF) Crude oil slumped on Monday to near $101 a barrel after jobs data came below market expectations and ahead of key international talks over Iran’s nuclear program. Crude-oil futures for May delivery slumped $2.28, or 2.2%, to $101.03 a...
Crude Oil Falls Over 5% This week (USO, UNG, DK, HFC, CVX) Crude oil slumped for the second straight day on concerns that the United States, Britain and France negotiate releasing emergency stockpiles in hopes of bringing down high fuel prices that have caused economic and political fallout. Brent crude futures fell $1.46 to...
Crude Oil Extends Fall After Inventory (USO, UNG, AONE, RIG, CVI, CLR) Crude oil was the worst performing commodity on Wednesday with prices slumping over 2% to below $105 a barrel on reports of a possible coordinated oil release by France, the U.S. and the U.K and worse than estimated inventories. Crude for May...
Crude Slump Below $105 On China & Reserve Release Talks (USO, UNG, FSLR, XOM, ENB, PQ, FCEL, DQ) Crude oil slumped on Thursday and the prices fell below to one week low after reports of a slowdown in Chinese manufacturing and Europe. Crude oil for May delivery slumped $2.38, or 2.22%, to $104.88 a...
