Category Archives: Oil

Oil

Dow Jones & Nasdaq Rise –

Posted on 29. April 2014 by Jim Sutliff

The Dow Jones Industrial Average rose 86.63 to close at 16,535.37.  The Nasdaq also increased and added 29.14 to close at 4,103.54. To view the Wall Street Journal market Data, please click here: http://markets.wsj.com/ Jim Sutliff  

Posted in Banking, Bonds, Currency, Euro, General, Investments, Metals, Natural Gas, Oil, Stocks, Trading, Treasury | Leave a comment

Crude Oil Inventories Climb –

Posted on 20. March 2014 by Jim Sutliff

Crude oil inventories exceeded analysts expectations and rose almost 6 million barrels last week.  According to the U.S. Energy Information Administration, crude oil inventories climbed to 375.9 million barrels last Friday.  Inventories at Cushing Oklahoma declined to 29.8 million barrels. To … Continue reading →

Posted in Distillates, Energy Information Administration, Gasoline, General, Investments, Oil, Options & Futures, Trading | Leave a comment

Crude Oil Inventories Fall –

Posted on 15. January 2014 by Jim Sutliff

According to the Energy Information Administration, crude oil inventories fell almost 7.7 million barrels from the previous week.  The decline drove crude inventories down to slightly more than 350 million barrels.  Traders responded to the news and prices for February … Continue reading →

Posted in Distillates, Gasoline, General, Investments, Natural Gas, Oil, Options & Futures, Trading | Leave a comment

Crude Oil Futures Decline –

Posted on 23. September 2013 by Jim Sutliff

Crude oil futures were lower in trading on Monday.   Expectations of lower crude oil demand from refineries and increased oil exports from Libya were contributing factors.  Gasoline and heating oil were also trading lower on Monday.  Gasoline inventories are significantly higher than they … Continue reading →

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Crude Oil Supplies Fall –

Posted on 8. August 2013 by Jim Sutliff

The U.S. Energy Information Administration indicated that supplies of crude oil fell to 363.3 million barrels for the week ending August 2nd.  The 1.3 million barrel decline was less than analysts had expected for the week.  Also, distillate inventories rose … Continue reading →

Posted in Distillates, Energy Information Administration, Gasoline, General, Investments, Oil, Options & Futures, Trading | Leave a comment

Gasoline Prices Slightly Lower –

Posted on 29. July 2013 by Jim Sutliff

According to the Energy Information Administration, the average retail price for a gallon of gasoline fell to $3.646.  Prices declined the most in the Midwest region where gasoline fell 8.5 cents a gallon.  Gasoline prices had risen almost 20 cents … Continue reading →

Posted in Gasoline, General, Investments, Oil | Leave a comment

Gold Prices Fall –

Posted on 3. April 2013 by Jim Sutliff

Gold prices fell over one percent in trading on Wednesday and settled at $1,553.50 an ounce.  Crude oil also fell in trading after U.S. Energy Information Administration data showed a strong increase in crude oil inventories.  For the week ending March … Continue reading →

Posted in Banking, Economic News, Gasoline, General, Investments, Metals, Oil, Options & Futures, Trading | Leave a comment

Crude Oil Rebounds –

Posted on 25. March 2013 by Jim Sutliff

Crude oil for May increased in trading on Monday and settled below $95 a barrel.  Positive economic data has helped to drive crude oil prices higher in trading.  In addition, crude oil inventory levels in Cushing Oklahoma have continued to fall .  Brent crude also traded higher on Monday and was … Continue reading →

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Crude Oil Prices Fall –

Posted on 3. March 2013 by Jim Sutliff

Prices of crude oil continued to fall and settled below $91 on Friday.  Global economic concerns and high inventory levels of crude oil are two forces driving the price of crude oil lower in trading.  Heating oil prices were also lower … Continue reading →

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Crude Oil Gains Slightly –

Posted on 22. January 2013 by Jim Sutliff

Crude oil continued to rise and traded over $96 a barrel on Tuesday.  Economic growth in China and unrest in Algeria supported prices.  In additon, the International Energy Agency increased their forecast for oil demand in 2013.  Crude oil prices have been increasing … Continue reading →

Posted in Democrat, Economic News, General, Investments, Oil, Options & Futures, Political News, Republican, Trading | Leave a comment

Crude Oil Inventory Levels Rise In Cushing –

Posted on 4. January 2013 by Jim Sutliff

According to the Energy Information Administration, inventories of crude oil fell 11. 1 million barrels.  The decline was partly due to year end tax concerns in the refining industry.  However, crude oil inventories rose significantly in Cushing Oklahoma which is major storage … Continue reading →

Posted in Economic News, Gasoline, General, Investments, Oil, Options & Futures, Regulatory, Tax, Trading | Leave a comment

Fiscal Cliff Sends Crude Oil Lower –

Posted on 23. December 2012 by Jim Sutliff

Republicans and Democrats finished the week without coming to an agreement that would avoid the fiscal cliff.  Fiscal cliff concerns helped to drive down the price of crude oil in Friday trading.  Crude oil fell to almost $88 a barrel after hitting $90 … Continue reading →

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Gold Below $1,700 –

Posted on 4. November 2012 by Jim Sutliff

Gold has fallen below $1,700 an ounce which is well off the 52 week high.  Gold was trading near the $1,800 an ounce mark as recently as early October.  Also, crude oil is slightly below $85 a barrel. To visit the Bloomberg … Continue reading →

Posted in Gasoline, General, Investments, Metals, Oil, Options & Futures, Trading | Leave a comment

Dow Rises Slightly –

Posted on 20. September 2012 by Jim Sutliff

The Dow Jones Industrial Average rose slightly on Thursday and closed at 13,597.  Gold declined $8.70 to $1,763 an ounce.  Crude oil also fell and finished at $91.72 a barrel.  High inventory levels were a factor in driving the price of crude oil … Continue reading →

Posted in Banking, Currency, Earnings, Economic News, General, Investments, Metals, Oil, OPEC, Options & Futures, Stocks, Trading | Leave a comment

Manufacturing Data Sends Crude Oil Lower –

Posted on 4. September 2012 by Jim Sutliff

Crude oil futures for October declined $1.17 after data from the Institute for Supply Management.  The purchasing managers index fell to 49.6 which is the lowest the index has been since July 2009.  A weak global economy has also contributed to … Continue reading →

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