You are currently browsing the archives for the Oil category.
19. May 2012 by Jim Sutliff.
Natural gas inventory exceeded analyst expectations and increased 61 billion cubic feet last week. The Energy Department indicated that natural gas inventory levels are at 2.667 trillion cubic feet. Inventory levels remain higher than the same time last year.
To read a related Businessweek article, please click here:
http://www.businessweek.com/ap/2012-05/D9UQLV900.htm
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Natural Gas, General, Investments, Economic News | No Comments »
9. May 2012 by Jim Sutliff.
Gasoline inventories declined 2.6 million barrels and distillate inventories fell 3.3 million barrels. The Energy Information Administration also indicated that crude oil increased 3.7 million barrels which was greater than the 2 million barrel increase expected by analysts. Inventories of crude oil at Cushing Oklahoma rose to 44.1 million barrels.
To read a related Nasdaq article, please click here:
http://www.nasdaq.com/article/oil-futures-crude-pares-losses-following-inventory-data-20120509-01176
James Sutliff
Posted in Oil, Options & Futures, Trading, Investments, General, Economic News, Gasoline, Banking | No Comments »
4. May 2012 by Jim Sutliff.
Natural gas prices fell 2.6% in Friday trading to cap off a week of price volatility. Natural Gas prices during the week showed gains of as much as 4.5% and declines as steep as 5%. June natural gas settled at $2.279 per million British Thermal Units. Last week, there were 606 natural gas drilling wells which was a drop of 7 from the previous week. The number of oil rigs increased to 1,355 from 1,328. According to the Energy Information Administration, natural gas output fell to 72.32 billion cubic feet per day. Inventories are at 2.576 trillion cubic feet which is almost 50% more than last year at this time.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20120504-714022.html
James Sutliff
Posted in Options & Futures, Trading, Oil, Natural Gas, General, Investments, Economic News | No Comments »
1. May 2012 by Jim Sutliff.
According to the Institute of Supply Management, U.S. manufacturing for April increased the most in ten months. The data sent crude oil prices higher in trading on Tuesday. Crude oil prices rose above the 50 day moving average of $105.21 a barrel. Technical trading gave prices a slight increase and crude settled at $106.20 a barrel.
To read a related Fox Business article, please click here:
http://www.foxbusiness.com/industries/2012/05/01/ism-data-lift-oil-prices/
Jim Sutliff
Posted in Options & Futures, Trading, Earnings, Oil, Investments, Economic News, General, Banking | No Comments »
22. April 2012 by Jim Sutliff.
Gasoline inventories fell 3.67 million barrels which exceeded analyst expectations. Distillates also fell and were 2.91 million lower than the previous week. The U.S. Department of Energy also indicated that crude oil supplies increased by 3.86 million barrels.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2012-04-18/oil-pares-loss-on-rise-in-gasoline-heating-oil-supply.html
James Sutliff
Posted in Options & Futures, Trading, Oil, Investments, General, Gasoline | No Comments »
29. March 2012 by Jim Sutliff.
According to the U.S. Energy Information Administration, crude oil inventories rose 7.1 million barrels. The inventory increase worked to drive crude oil prices lower in trading. The increase exceeded analyst expectations of a much lower 2.2 million barrel rise in inventory levels. Gasoline inventories went in the opposite direction and fell 3.5 million barrels. Analysts had expected a decrease of only 1.5 million barrels.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20120328-711709.html
Jim Sutliff
Posted in Oil, Options & Futures, Trading, Investments, General, Economic News, Gasoline, Banking | No Comments »
23. March 2012 by Jim Sutliff.
Crude oil spent most of the day in a trading range of $105 to $108 a barrel. The rise in crude oil prices and trading volatility came after oil exports from Iran were estimated to have dropped 300,000 barrels a day. The weaker U.S. Dollar also sent prices higher in Friday trading.
To read a related Fox Business article, please click here:
http://www.foxbusiness.com/markets/2012/03/23/oil-prices-rise-sharply-on-drop-in-iranian-exports/
James Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
19. March 2012 by Jim Sutliff.
Treasury prices fell on Monday and yields hit new highs for 2012. Ten year Treasury yields rose .08% in trading and extended gains from the previous week. A recent Federal Reserve policy statement indicated an improved economic outlook.
To read a related Wall Street Journal article, please click here:
Jim Sutliff
Posted in Trading, Options & Futures, Oil, Investments, General | No Comments »
11. March 2012 by Jim Sutliff.
Crude oil settled over $107 a barrel which is the highest level since March 1st. Crude oil prices were supported by positive jobs data that may be a sign of economic growth. However, warmer weather may weigh on crude prices in the coming weeks.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/SB10001424052970204603004577271291163661170.html?
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Investments, General, Economic News | No Comments »
25. February 2012 by Jim Sutliff.
Crude oil almost hit $110 in Friday trading and settled at $109.77 a barrel. This is the highest level that oil has traded at in the last 9 months. The conflict with Iran is the driving force behind higher trading prices. Iran is the second largest oil producing nation in OPEC with an output of 3.5 million barrels a day.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/SB10001424052970203918304577243120332014742.html?KEYWORDS=crude+oil
James Sutliff
Posted in Trading, OPEC, Options & Futures, Oil, General, Investments, Economic News | No Comments »
19. February 2012 by Jim Sutliff.
Crude oil traded at a 9 month high as tensions increased with Iran cutting supplies to companies from the U.K. and France. In addition, traders weighed the economic gains of a second Greek bailout. Crude Oil rose to $105 a barrel which is the highest mark since May 5th.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Investments, General, Economic News | No Comments »
2. February 2012 by Jim Sutliff.
Crude oil inventories continue to rise and hit a three month high last week. The Energy Department indicated that crude oil supplies increased to 338.9 million barrels. That mark is 4.18 million barrels higher than the previous week. Gasoline also had weak demand with consumption falling 7.97 million barrels a day. Gasoline inventories increased by 3 million barrels last week.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
19. January 2012 by Jim Sutliff.
Natural gas fell more than 6% in trading on Thursday and settled at $2.3220 per 1,000 cubic feet. Natural gas supplies have steadily increased and warmer than normal weather is expected over the next few weeks. Gasoline and crude oil fell slightly and heating oil rose 2.26 cents.
To read a related MSN Money article, please click here:
http://money.msn.com/business-news/article.aspx?feed=AP&date=20120119&id=14709809
James Sutliff
Posted in Options & Futures, Trading, Oil, Natural Gas, General, Investments, Gasoline | No Comments »
12. January 2012 by Jim Sutliff.
According to the U.S. Energy Information Administration, crude oil supplies rose by 5 million barrels last week. In addition, gasoline inventories rose 3.6 million barrels and distillates increased by 4 million barrels. All of the inventory increases were well above analyst expectations. A significant drop in demand levels was a factor in the supply figures. Crude oil was trading near the $100 dollar mark on Wednesday.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/11/us-markets-oil-idUSTRE7AD06820120111
Jim Sutliff
Posted in Options & Futures, Political News, Trading, Earnings, Oil, Investments, Gasoline, General, Infrastructure, Economic News | No Comments »
10. January 2012 by Jim Sutliff.
Crude oil rose to $103.41 during afternoon trading and settled at $102. 24 a barrel. An improved outlook for US economic growth also sent the stock market to a five month high. In addition, tensions in Iran and Nigeria raised supply concerns for the near term.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/10/us-markets-oil-idUSTRE7AD06820120110
Jim Sutliff
Posted in Stocks, Trading, Earnings, Oil, Investments, Gasoline, General, Economic News | No Comments »