Crude Oil

OIL FUTURES: Nymex Crude Down 1% On Equities, Stronger Dollar

Fri, 20 Nov 2009 21:37:02 GMT

Crude oil futures declined 1% Friday as U.S. equities faltered, reviving concerns about the pace of economic recovery and oil demand.

OIL FUTURES: Nymex Crude Weakens Along With Equities

Fri, 20 Nov 2009 14:32:55 GMT

Crude oil futures weakened Friday as U.S. stocks opened lower and the dollar gained strength.

OIL FUTURES: Nymex Crude Drops As Economic Recovery Lags

Thu, 19 Nov 2009 20:45:22 GMT

Crude futures fell Thursday, trailing equities lower as a pair of closely watched economic indiciators added to fears that the U.S. economy is in for a slow recovery.

OIL FUTURES:Crude Down As Weak Demand Persists, Dollar Stronger

Thu, 19 Nov 2009 14:35:44 GMT

Crude futures fell Thursday as a stronger dollar and an uncertain economic outlook foiled another run at $80 a barrel.

OIL FUTURES: Oil Up On Stock Draw But Demand Concerns Linger

Wed, 18 Nov 2009 20:27:39 GMT

Crude futures closed higher Wednesday on a fall in U.S. oil stocks but pared earlier gains above $80 a barrel on concerns over weak U.S. demand.

Gasoline Price Drops Again

Wed, 18 Nov 2009 19:16:10 GMT

For the second consecutive week, the U.S. average price for regular gasoline decreased. The average slipped about four cents to $2.63 per gallon, $0.56 above the price a year ago.

Pressures On Fuel Ethanol Production Capacity

Wed, 18 Nov 2009 19:06:51 GMT

Capacity to produce fuel ethanol from corn nearly tripled between January 2006 and January 2009. However, over the past 18 months, a combination of surplus production capacity, the decline of gasoline prices from their mid-2008 peak level, and high corn prices that boosted producers’ input costs have resulted in a sharp decline in ethanol margins.

OIL FUTURES: Oil Up On Weak Dollar; Awaits Inventories

Wed, 18 Nov 2009 14:25:24 GMT

Crude futures rose Wednesday, briefly topping $80 a barrel, on a weaker dollar while awaiting the release of key U.S. inventory data.

OIL FUTURES: Crude Escapes Pull Of Stronger Dollar To End Higher

Tue, 17 Nov 2009 20:56:42 GMT

Crude futures ended higher Tuesday, defying a strengthening dollar.

OIL FUTURES: Nymex Crude Down, Small PPI Gain Slows Slide

Tue, 17 Nov 2009 14:42:37 GMT

Crude futures were down slightly Tuesday just as recent highs were coming back in sight, though a smaller-than-expected gain in wholesale prices limited losses.

OIL FUTURES: Crude Up 3% On Equity Market Surge, Weak Dollar

Mon, 16 Nov 2009 20:38:22 GMT

Crude futures jumped over 3% Monday as U.S. equity markets surged on positive economic data while the dollar weakened.

OIL FUTURES: Nymex Crude Drops On Weakening US Demand

Fri, 13 Nov 2009 20:33:09 GMT

Crude oil futures settled close to a one-month low Friday as worsening U.S. demand caused investors to steer clear of buying oil despite a weakening dollar.

OIL FUTURES: Nymex Crude Drops On Weak US Demand

Fri, 13 Nov 2009 14:40:29 GMT

Crude oil futures approached a new one-month low Friday on weak U.S. oil demand and rising inventories, adding to the previous session's steep losses.

Oil Near 1-Month Low On US Stock Build, Weak Demand

Thu, 12 Nov 2009 21:06:25 GMT

Crude futures dropped to a near one-month low Thursday following a surprise build in U.S. oil inventories and concerns over continued weak demand.

U.S. Average Gasoline Price Slips

Thu, 12 Nov 2009 19:32:21 GMT

For the first time since October 5, 2009, the U.S. average price for regular gasoline decreased, slipping three cents to $2.67 per gallon, but staying $0.44 above a year ago. Prices declined across all the regions.

This Week In Petroleum: Saudi Aramco Announces New U.S. Pricing Formula

Thu, 12 Nov 2009 19:25:03 GMT

The U.S. imported slightly more than 1 million barrels of crude oil per day from Saudi Arabia during the first 8 months of 2009. Despite a decline of more than 33 percent compared to the same period in 2008.

OIL FUTURES: Oil Slips On Stronger Dollar; Awaits Oil Data

Thu, 12 Nov 2009 14:59:23 GMT

Crude futures are lower Thursday in line with a strengthening in the dollar while the market awaits the release of the weekly U.S. oil inventory data for further direction.

U.S. Crude Oil Outlook: Consumption To Decline, Production To Increase

Wed, 11 Nov 2009 22:01:37 GMT

EIA forecasts total consumption of liquid fuels and other petroleum products to decline by about 780,000 bbl/d (4.0 percent) in 2009 compared with 2008. During the first half of the year, consumption declined by almost 1.25 million bbl/d (6.3 percent) from the same period last year, one of the steepest declines on record.

World Oil Outlook: Consumption To Increase, Inventory Concerns

Wed, 11 Nov 2009 21:52:09 GMT

Sustained economic growth in China and other Asian countries is contributing to the beginnings of a rebound in world oil consumption, leading EIA to revise its expectations for world oil consumption upwards for the second consecutive month.

OIL FUTURES: Crude Inches Higher Ahead Of US Supply Data

Wed, 11 Nov 2009 21:15:28 GMT

Crude futures were up slightly Wednesday, as traders braced for potential surprises in U.S. oil inventory data due out the next day.

OIL FUTURES: Nymex Crude Rises On Weaker Dollar, Strong Demand

Wed, 11 Nov 2009 14:41:50 GMT

Crude futures rose Wednesday as a weaker dollar encouraged buyers spooked by rising U.S. oil inventories to return to the market.

OIL FUTURES: Oil Drops As US Gulf Storm Fears Subside

Tue, 10 Nov 2009 20:47:36 GMT

Crude futures gave up some of the previous day's gains at the end of a volatile session Tuesday as fears about potential supply disruptions from a storm in the U.S. Gulf faded.

OIL FUTURES:Crude Down As Ida Threat Recedes; Awaits API Data

Tue, 10 Nov 2009 14:14:20 GMT

Crude oil futures were slightly lower in London Tuesday after the threat of Tropical Storm Ida to U.S. oil and gas installations receded.

OIL FUTURES: Oil Rises On Weaker Dollar, Tropical Storm Ida

Mon, 09 Nov 2009 21:01:32 GMT

Crude futures rebounded Monday as the dollar weakened, equity markets rallied and Tropical Storm Ida disrputed oil and gas production in the Gulf of Mexico.

OIL FUTURES: Crude Higher On Concerns Over Hurricane Ida

Mon, 09 Nov 2009 14:37:33 GMT

Crude futures rose above $79 a barrel Monday on concerns about the threat Hurricane Ida poses to U.S. oil and gas production facilities in the Gulf of Mexico. A weakening in the dollar was also supportive to prices.

OIL FUTURES: Crude At One-Week Low; Unsettled By U.S. Jobs Data

Fri, 06 Nov 2009 20:23:59 GMT

Crude-oil futures dropped to a one-week low Friday after the U.S. unemployment rate rose to a 26-year high, unsettling previous hopes that the fledgling economic recovery would boost flagging oil demand.

OIL FUTURES: Crude Drops Below $78/Barrel As Jobless Rate Rises

Fri, 06 Nov 2009 14:13:52 GMT

Crude futures sank Friday as U.S. unemployment hit a 26-year high, raising the prospect that oil demand would take longer to recover than many had expected.

OIL FUTURES: Crude Drops On Demand Worries As Dollar Steadies

Thu, 05 Nov 2009 20:51:23 GMT

Crude futures ended lower Thursday as a steadying dollar allowed concerns about weak oil demand to re-emerge.

OIL FUTURES: Nymex Crude Down Slightly As Demand Weakens

Thu, 05 Nov 2009 14:49:15 GMT

Crude futures slipped Thursday as concerns about weak demand countered an expected higher opening for U.S. equities.

OIL FUTURES: Crude Settles Above $80 On Surprise Oil Stock Draw

Wed, 04 Nov 2009 21:13:24 GMT

Crude futures settled above $80 a barrel Wednesday after a surprise draw in oil inventories and as the dollar took a big step back toward lows for the year against the euro.

Proved Reserves Of Crude Oil Fall In 2008, Reflecting Low End-Of-Year Prices

Wed, 04 Nov 2009 19:11:03 GMT

The Energy Information Administration’s (EIA) U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Proved Reserves, 2008 reports that proved reserves of crude oil fell by more than 10 percent in 2008, primarily because of low end-of-year prices used to estimate proved reserves, even though discoveries of crude oil rose for the third year in a row.

OIL FUTURES: Crude Inches Up; Eyes On EIA Data, Fed Statement

Wed, 04 Nov 2009 14:15:39 GMT

Crude futures inched higher Wednesday amid gains in European stock markets and a weaker dollar, but cautious sentiment ahead of U.S. oil inventories data and the U.S. Federal Reserve's policy statement kept a lid on further gains.

OIL FUTURES: Oil Above $79/Bbl On Upbeat Factory Orders

Tue, 03 Nov 2009 20:45:46 GMT

Crude futures rose above $79 a barrel Tuesday after upbeat U.S. factory orders renewed confidence in the economy amid a general spurt of investor buying across the board in commodities.

OIL FUTURES: Crude Lower On Equities; Focus On US Oil Data

Tue, 03 Nov 2009 14:17:24 GMT

Crude futures lost ground Tuesday amid across-the-board losses in European equity markets and concerns over the weak fundamentals of global oil market.

OIL FUTURES: Crude Rises; Buoyed By U.S. Economic Indicators

Mon, 02 Nov 2009 20:55:51 GMT

Crude-oil futures rose Monday to more than $78 a barrel, buoyed by positive U.S. economic indicators, although concerns over the sustainability of the economic recovery lingered.

OIL FUTURES: Crude Extends Gains But Fundamentals Still Weak

Mon, 02 Nov 2009 14:20:41 GMT

Crude futures extended their gains in Europe following a rebound in equities markets and a weak dollar, but concerns over weak fundamentals of the global oil market continued to weigh on sentiment.

OIL FUTURES: Nymex Crude Down As US Economic Concerns Return

Fri, 30 Oct 2009 14:56:25 GMT

Crude futures fell Friday, as doubts returned about the pace of the U.S. economic recovery, despite the previous day's report of stronger-than-expected GDP growth.

OIL FUTURES: Crude Soars As US GDP Growth Boosts Confidence

Thu, 29 Oct 2009 19:28:24 GMT

Crude futures settled sharply higher Thursday as the pace of the U.S. economic recovery quickened.

OIL FUTURES: Nymex Crude Rises On US GDP Growth

Thu, 29 Oct 2009 13:28:19 GMT

Crude futures rose Thursday on new evidence that U.S. economic growth is picking up.

Gasoline & Diesel Prices Still Climbing

Wed, 28 Oct 2009 21:00:16 GMT

The U.S. average price for regular gasoline increased for the third consecutive week, shooting up a dime to $2.67 per gallon. For the first time since October 20, 2008, the national average price is now higher than it was the year before.

This Week In Petroleum: Changing Distillate Export Patterns

Wed, 28 Oct 2009 20:57:05 GMT

Distillate (including diesel) is the second largest petroleum product consumed in the United States, used for everything from fuel for trucks and trains to residential heating and even a small amount of power generation.

OIL FUTURES: Oil At 2-Week Low On Gasoline Stock Build

Wed, 28 Oct 2009 20:11:14 GMT

Crude futures dropped to a two-week low under $78 a barrel Wednesday on an unexpected rise in U.S. gasoline stocks and further strengthening in the dollar.

OIL FUTURES: Crude Futures Down, Take Cues From Dollar Moves

Wed, 28 Oct 2009 13:27:14 GMT

Crude oil futures traded lower in London Wednesday as it came under pressure after the dollar soared against several currencies amid growing concerns over economic recovery.

OIL FUTURES: Crude Ends Higher; Awaits Inventory Data

Tue, 27 Oct 2009 20:13:31 GMT

Crude futures closed higher Tuesday, breaking a three-day losing streak, with market participants positioning themselves ahead of any surprises in U.S. oil inventory data.

OIL FUTURES: Crude Oil Gains Ground As US Dollar Falters

Tue, 27 Oct 2009 13:42:13 GMT

Crude oil futures edged higher in London Tuesday amid choppy trade, gaining ground as the U.S. dollar weakened.

OIL FUTURES: Nymex Crude Retreats From $80/Barrel As Dollar Gains

Mon, 26 Oct 2009 20:14:10 GMT

Crude futures fell for a third straight session Monday as a strengthening dollar erased much of oil's gains from a rally last week.

OIL FUTURES: Crude Falls As Dollar Rebounds, Equities Drop

Fri, 23 Oct 2009 19:54:12 GMT

Crude oil fell for the second consecutive day Friday, briefly dipping below $80 a barrel, directed by strength in the dollar and losses in the equity markets.

OIL FUTURES: Nymex Crude Flat; Market Watching Dollar

Fri, 23 Oct 2009 13:43:29 GMT

Crude futures are mostly unchanged Friday, with traders eyeing dollar weakness for further direction.

OIL FUTURES: Oil Ends Lower On Profit-Taking

Thu, 22 Oct 2009 20:14:43 GMT

Crude prices fell slightly Thursday, with market participants taking profits, although a late-day weakening in the dollar helped oil erase some of its earlier losses.

OIL FUTURES: Crude Down As Dollar Shows Some Strength

Thu, 22 Oct 2009 13:51:37 GMT

Crude futures were down Thursday in line with a slight strengthening in the dollar and amid weaker equity markets.