Category Archives: Oil

Oil

Crude Oil Rebounds Slightly –

Posted on 24. July 2012 by Jim Sutliff

Crude oil rebounded slightly in Tuesday trading after falling 4% on Monday.  Manufacturing data from China helped to boost the price of crude oil which settled at $88.50 a barrel.  Euro zone economies are still weighing on the market with Eurpoean manufacturing numbers … Continue reading →

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Euro & Oil Rise –

Posted on 9. July 2012 by Jim Sutliff

The Euro climbed in trading on Monday and rebounded from lows reached on Friday.  The rally may be brief and the Euro could come under more pressure before the end of the summer.  Oil also rose on Monday with Brent crude … Continue reading →

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Euro Plan Sends Oil Higher –

Posted on 30. June 2012 by Jim Sutliff

European leaders announced plans to address the debt crisis and the news was well received by investors.  U.S. and European stocks rose and crude oil increased by over 9%.  Crude oil traded at almost 85$ a barrel on Friday which … Continue reading →

Posted in Banking, Bonds, Currency, Economic News, Euro, Gasoline, General, Investments, Oil, Options & Futures, Stocks, Trading, Treasury | Leave a comment

Brent Crude Rises –

Posted on 26. June 2012 by Jim Sutliff

A strike by Norwegian oil workers helped to drive Brent crude higher on Tuesday.  Brent crude rose over $2 a barrel in London trading and settled over $93 a barrel.  U.S. crude oil was only slightly higher in trading.  The strike has … Continue reading →

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Euro Debt Crisis Drives Crude Oil Lower –

Posted on 25. June 2012 by Jim Sutliff

The European debt crisis continued to weigh on crude oil prices in Monday trading.  Crude oil prices fell below $79 ahead of a two day meeting of European Union leaders.  Oil also fell as Tropical Storm Debby showed signs of weakening.  Oil … Continue reading →

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OPEC Holds Output Steady –

Posted on 15. June 2012 by Jim Sutliff

OPEC has announced that the production ceiling will remain unchanged at 30 million barrels a day.  OPEC output for the month of May was above the production ceiling at 31.75 million barrels a day.  Global economic growth concerns were a contributing factor … Continue reading →

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Crude Oil Falls Below $83 –

Posted on 13. June 2012 by Jim Sutliff

Crude oil fell and hit an eight month low in trading on Wednesday.  Crude oil settled at $82.62 a barrel after the Energy Information Administration indicated that crude oil fell 200,000 barrels last week.  In addition, the Organization of Petroleum Exporting Countries will meet … Continue reading →

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Gold Tumbles –

Posted on 8. June 2012 by Jim Sutliff

Gold tumbled in trading on Thursday and fell $46.20 an ounce to $1,588.  Silver and copper also fell in trading on Thursday.  Gold rebounded slightly on Friday and increased $7.10 an ounce. To read a related Bloomberg Businessweek article, please … Continue reading →

Posted in Banking, Currency, Economic News, Federal Reserve, General, Investments, Natural Gas, Oil, Options & Futures, Trading, Treasury | Leave a comment

Crude Oil Closes Below $90 –

Posted on 30. May 2012 by Jim Sutliff

Crude oil fell slightly on Tuesday and closed below $90 a barrel.  Traders weighed European economic concerns and the possibility of rising levels of crude oil inventory.  The Euro was also trading lower against the U.S. Dollar. To read a related Wall Street … Continue reading →

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Oil Closes Below $92 –

Posted on 22. May 2012 by Jim Sutliff

Crude oil fell in Tuesday trading to $91.66 a barrel.  Recent elections in Europe and the possibility of a recession in the Euro zone are driving down prices.  Gasoline prices were almost unchanged in trading. To read a related MSN article, … Continue reading →

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Natural Gas Inventory Rises –

Posted on 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 … Continue reading →

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Gasoline Inventories Fall –

Posted on 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 … Continue reading →

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Natural Gas Prices Fall –

Posted on 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 … Continue reading →

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Manufacturing Data Sends Oil Higher –

Posted on 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 … Continue reading →

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Gasoline Inventories Fall –

Posted on 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 … Continue reading →

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