Crude Prices May Be Boosted Tomorrow
October 13, 2010 3:55 pm by Dan EduardCrude oil saw an upward spike in overnight trading. This was largely due to the decreasing value of the US dollar as the Fed debates new quantitative easing measures to boost the ailing US economy. Crude is currently ...
OPEC Increases Future Crude Oil Demand
March 11, 2010 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 ...
Crude Oil Trading Tip – A Bearish Correction?
March 9, 2010 5:49 am by Greg HoldenToday's news seems minor compared with the rest of the week. We can, however, expect to see two relatively major developments in today's trading. The first is the release of Great Britain's trade balance. While this figure doesn't carry much ...
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 ...
Commodities Forecast – Silver, Gold, Crude Oil Prices
May 29, 2009 9:41 pm by Natalie R.Gold Gold prices jumped to their highest level in 3 months on Friday, finding support as a hedge against fears of higher inflation and a broad rise in commodity prices. Investor sentiment remains positive and a weaker dollar is likely to ...
Gold’s Impending Decline – Weekly Forecast
March 30, 2009 12:56 pm by Natalie R.Gold Gold prices fell Friday, extending their weekly losses to more than 3% as the U.S. dollar gained ground against most of its major rivals and effectively reduced the metal's investment appeal. Investors have weighed support from lingering economic uncertainty against ...
Protests in Brazil and Increased Demand Help Raise Oil Prices
March 24, 2009 8:25 am by Dan EduardCrude Oil prices hit $54 yesterday, before settling at $53.62. This price is the highest Oil has been since December 2008, but still significantly lower than last July's high of $147 a barrel. Crude prices increased yesterday for a number ...
Crude Oil Jumps Above $43 a Barrel
February 26, 2009 9:44 pm by Natalie R.Crude Oil climbed 6% to above $42 a barrel on Wednesday, after a U.S. government report showed a sharp drop in gasoline inventories in the world's top consumer.
Oil Plummets as Global Recession Deepens
February 17, 2009 8:00 pm by Dan EduardCrude Oil prices continue to plummet as fears about the deepening global economic recession continue to intensify. So far today, the Crude Oil price has slid by nearly $2.50 or about 6.5%. This comes about as the banking crisis returns ...
Crude Oil’s Slump
January 28, 2009 4:56 pm by Dan EduardThe price of Crude Oil has slumped as of late, owing much of its misfortune to poor economic data releases and fears that demand will decrease for a 2nd consecutive year. Production cuts by the Organization of Petroleum Exporting Countries ...
