OPEC Increases Future Crude Oil Demand
03/11/10 5:58 PM by Russell GlaserSpot crude oil traders may have found another reason to be bullish on the commodity. OPEC is forecasting global crude oil demand to rise by 900K barrels per day in 2010. The increase comes as a revision to last month's ...
Trading the Crude Oil Inventories Report
03/10/10 3:54 PM by Russell GlaserEvery Wednesday, spot crude oil traders look to one the most significant fundamental data pieces; the weekly crude oil inventories report. The crude oil inventories report has the ability to sway the price of spot crude oil to a new ...
Spot Crude Oil Price Rally Turns Bearish
03/9/10 5:19 PM by Russell GlaserSpot crude oil prices plunged yesterday and continued their fall into the opening of the early morning hours of the U.S. trading session. Driving the price of the commodity lower was a stronger dollar and traders booking profits from a ...
Spot Crude Oil Trading Higher on Strike Concerns
02/23/10 12:54 PM by Russell GlaserSpot crude oil finished yesterday's trading session above the significant price level of $80, almost touching a six-week high. This comes on the heels of a refinery strike in France that has aroused short term supply concerns. The strike in ...
Spot Crude Oil Price Moves above $80
02/22/10 2:23 PM by Russell GlaserThe price of spot crude oil jumped above $80 in the opening hours of the Japanese trading session. This is the first time since January that the spot price broke this threshold, building on the 4% bullish run the commodity ...
Spot Crude Oil Trading Jumps on Inflation Data
02/19/10 10:19 PM by Russell GlaserSpot crude oil prices jumped during Friday's New York trading hours after the commodity traded lower for most of the day. Spot crude oil traders shrugged off yesterday's increase in the Federal Reserve discount rate after the release of the ...
Spot Crude Oil Prices Trading at Weekly High
02/11/10 3:54 PM by Russell GlaserSpot crude oil prices rose yesterday to their highest in a week after severe winter weather punished the Eastern half of the U.S., causing traders to go long on the commodity.
EUR Under Pressure; Crude Oil Facing Correction?
02/9/10 7:14 AM by Greg HoldenThe EUR persists in weakening as credit problems in Greece continue to take their toll on the Euro-Zone economy. Greece's belt-tightening program didn't seem to carry the desired effect and many central bankers in the region expect these debt problems ...
Spot Crude Oil Trading Bounces Back
02/8/10 7:59 PM by Russell GlaserSpot crude oil prices have been climbing back during today's trading after the dollar weakened against the euro and traders moved back into riskier assets such as equities and commodities.
