Tag Archives: Crude Oil Price
Oil Recovers and Reaching over $76 a Barrel
Posted on30. Nov, 2009 by admin.
After a week in bearish trading, crude oil is beginning to recover some of its losses, and is currently traded at $76.60 a barrel. During last week’s session crude oil reached a 6-week low, and dropped to the 72.40 level.
Crude Oil dropped last week on speculations that Dubai World, the United Arab Emirates’ largest corporate [...]
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Crude Prices Level Out
Posted on24. Nov, 2009 by admin.
In light of the weak dollar, oil was able to make impressive gains in trading yesterday. Prices approached $80.00, but amid concerns about demand and inventories, oil retreated from its gains and prices stabilized at $77.55. With the dollar apparently set to rebound, and U.S. stock markets set to wind down in the coming days [...]
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Oil’s Range Trading Continues; Tension in the Middle East Rises
Posted on23. Nov, 2009 by admin.
Crude Oil saw a rather volatile session during last week’s trading. By the beginning of the week, crude oil rose to $80.85 a barrel. However close to the weekend oil dropped back down, and reached as low as $76.80 a barrel.
Currently, oil is back on a rise, and a barrel of crude oil is traded [...]
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Crude Hits $60 a Barrel!
Posted on19. May, 2009 by admin.
Crude Oil prices rose Tuesday, briefly topping $60 a barrel as analysts expected a drop in U.S. crude inventories, though gains were limited by disappointing U.S housing data. Oil’s gains yesterday were aided by the Dollar’s slump against the other major currencies, which bolstered demand for commodities as an alternative investment. Crude was up 62 [...]
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OPEC Planning Further Production Cuts?
Posted on27. Apr, 2009 by admin.
After failing to breach the resistance level of $52 a barrel last week, the price of Crude Oil appears to be coming back down. Recent press releases from the various oil ministers in member countries of the Organization of Petroleum Exporting Countries (OPEC) have stated that the latest price volatility has been damaging to the [...]
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Global Demand for Oil May Continue Falling; Will its Price Follow?
Posted on20. Apr, 2009 by admin.
After last Friday’s jump in oil prices, the cost of buying a barrel of Light Sweet Crude has apparently begun to fall after reports showed that the U.S. economy is still forecasting a contraction. With the world’s top oil consumer declaring that it’s demand for Crude Oil is going to continue falling, and with current [...]
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Crude Oil Prices Stabilizing as Dollar Relationship becomes More Solid
Posted on03. Apr, 2009 by admin.
The price of Crude Oil has become much more predictable this past week. With a sharp appreciation following some negative U.S. data, the value of Crude then continued to sink back below $50 a barrel. However, as the USD weakens once more, the price of Crude has once again made a jump in the direction [...]
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Oil Rises beyond $50 a Barrel; Upward Movement to Continue?
Posted on23. Mar, 2009 by admin.
As part of the weakening USD seen last week, the price of Crude Oil has seen a corresponding increase in value. The price for a barrel of Crude Oil climbed above the $50 mark last Friday and appears to be continuing in an upward direction. No doubt the quantitative easing taking place in the U.S., [...]
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Higher than Expected Inventory Data Sinks Crude
Posted on12. Mar, 2009 by admin.
The price of Crude Oil dropped sharply yesterday as the demand for the commodity continues to fall. U.S. Crude Oil inventories posted a sharp increase in the amount of Crude stocks in storage. The report failed to meet market expectations, helping to drive the price of Crude lower. At the end of the trading day, [...]
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Crude Oil Plummets 5% as Global Recession Deepens
Posted on06. Mar, 2009 by admin.
Crude Oil fell about $1 or 5% during yesterday trading session to close at $43.89. This came about as stock market indices throughout the world plummeted yesterday, raising fresh concerns about Oil demand as fears about a prolonged global recession and falling global demand of Oil return to the forefront. This comes about just a [...]
