Will Crude Oil Continue to Decline?
January 18, 2010 11:08 am by Yan PettersTwo main trends dominated the market during last week – the bullish Yen and the bearish Crude Oil. The Yen strengthened against all the major currencies, yet this was mainly due to the weak Dollar and Euro. The more surprising ...
Crude Oil Approaches $80 a Barrel
December 28, 2009 12:44 pm by Yan PettersNow that Christmas is behind us, and New Years Eve is only at the end of the week, we have plenty of time to end this year with a big smile on our faces. Two thing happened last week that ...
Spot Crude Oil Trading Resistance Level
December 16, 2009 3:17 pm by Russell GlaserTrading of crude has broken its losing streak yesterday, though the downtrend may be poised to continue. Prices have been consistently falling with the strengthening of the U.S. dollar; however, yesterday was an exception. Today, crude oil traders are anticipating ...
Spot Crude Oil Rises despite a Stronger Dollar
November 18, 2009 3:19 pm by Russell GlaserCrude oil prices rose today for a forth consecutive day after the commodity came off its lowest level in a month. Driving the prices higher were a weaker dollar and data from the American Petroleum Institute which reported smaller than ...
Oil Falls but Surges Back on a Weaker Dollar
November 13, 2009 10:45 pm by Russell GlaserOil prices regrouped in the New York trading hours after the price for crude oil broke far below its 20 day average. The upward bounce in the price came after a sharp rise in the EUR/USD rate.
Crude Oil Slides as Pessimism Kicks In!
November 10, 2009 8:22 pm by Dan EduardThe price of Crude Oil slid today, as pessimistic data from the leading economies pushed investors away from the profitable commodities, such as Crude Oil. Instead, they poured their money into the USD. The thing which originally initiated Crude's bearish ...
Crude Oil Price Range to be Tested Today
November 6, 2009 1:15 pm by Russell GlaserFor the first time in two weeks, Crude Oil prices closed yesterday above $80 and the Dow Jones Industrial Average finished above 10,000. The Dollar weakened after the decision by a slew of European central banks to hold interest rates ...
Crude Oil Prices Fall on Stronger Dollar
November 3, 2009 3:39 pm by Russell GlaserOil prices have been falling during today's trading as a significantly stronger dollar has weighed on the market. During the Asian and European trading sessions, the commodity fell 1.3%, dropping to a low of $77.
