Can Crude Maintain its New Rally?
November 2, 2010 3:22 pm by Natalie R.Oil prices received a boost yesterday after Saudi Oil Minister Ali Naimi suggested consuming countries are happy with oil between $70 and $90 a barrel, raising the price ceiling by 10$ from the previous range of $70 - $80.
Crude Oil Inventories
August 25, 2010 1:52 pm by Natalie R.After dropping below $72 a barrel overnight, to an 11 week low, crude levels rebounded slightly in today’s early trading ahead of the release of U.S inventories data later today that is predicted to show a modest gain in gasoline ...
Spot Crude Oil Price Rally Turns Bearish
March 9, 2010 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 ...
Crude Oil Hits near $82.50 Level
March 8, 2010 11:15 am by Anton EljwizatCrude oil prices rose significantly in the last two weeks and peaked at $82.30 per barrel. However, the 8-hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with ...
Spot Crude Oil Rises Above $74
December 17, 2009 3:28 pm by Anton EljwizatFollowing a report from the U.S. Department of Energy yesterday, showing a decline in crude oil supplies, oil prices shot up and are now being traded at over $74.00 a barrel. However, I will illustrate below that crude oil may ...
Crude Oil Prices Set to Decrease
November 18, 2009 7:29 pm by Anton EljwizatCrude oil rose above$80 a barrel on Wednesday as the dollar weakened, prompting investors to once again buy into commodities. However, as I will demonstrate below, Crude Oil may very well be heading for a reversal later today. This might ...
Forex News Abundant Today! Expect Volatility
August 26, 2009 10:22 am by Yan PettersDuring yesterday's trading, Crude Oil dropped to $71.20 a barrel. This was largely due to the recovering Dollar. The Dollar recovery took place after a better-than-expected Consumer Confidence in the U.S. which showed that Americans consumers are regaining faith that ...
Oil Prices Hit 2-Week High
July 20, 2009 4:41 pm by Anton EljwizatOil prices rose significantly in the last few days and it is currently trading at $65.34 per barrel, reaching its highest level in almost two weeks, as equities firmed and the Dollar fell on hopes of a global economic recovery. ...
