Spot Crude Oil Prices Rise after Reaching Major Trend Line
February 15, 2010 5:49 pm by Russell GlaserSpot crude oil prices were relatively unchanged during Monday's quiet trading session. Concerns of European debt sill weighs on the market and poor fundamentals are limiting a potential price appreciation for the commodity.
Spot Crude Oil Prices Follow the EUR/USD Lower
January 22, 2010 2:25 pm by Russell GlaserSpot crude oil prices were trending higher during the morning hours of the European trading session today. That was despite poor data from the Department of Energy. Driving the prices higher today so far was a weaker dollar.
Will Crude Oil See a Bullish Correction?
January 20, 2010 2:08 pm by Yan PettersCrude Oil dropped over $6 lately, and reached as low $77.02 a barrel. Just when it seemed that Crude oil is about to drop further, possibly towards the $70 level, the bearish move was halted. Will crude continue to drop, ...
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 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 ...
USD and Crude Oil Lower on Bernanke Statements
December 8, 2009 10:22 am by Russell GlaserThe US Dollar fell today after Federal Reserve Chairman Ben Bernanke gave comments concerning the slow recovery of the U.S. economy which may keep inflation low. This hints towards a continued Fed policy of lower interest rates for the foreseeable ...
OPEC Expects Oil Prices to Rise
November 17, 2009 7:50 am by Dan EduardCrude Oil rose by the most in 6-weeks on a weak USD and a stock market rally in the U.S. As a result, this boosted investor's confidence that energy demand will increase significantly in the coming months. Crude Oil closed ...
