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By Moming Zhou, Bloomberg |
May 2, 2013
West Texas Intermediate crude gained the most in almost six months as the number of Americans filing applications for unemployment benefits slipped and the European Central Bank reduced interest rates to a record low.
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By Phil Flynn |
April 30, 2013
Natural gas bears still bemoan the cold as it appears that gas prices have to continue to soar because winter refuses to go quietly. The market continues to rise to make sure we refill storage.
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By Mark Shenk and Moming Zhou |
April 25, 2013
West Texas Intermediate crude capped the longest rally in nine months as fewer Americans filed first-time claims for unemployment insurance payments last week and the market breached key technical resistance.
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By Moming Zhou |
April 25, 2013
West Texas Intermediate crude rose for a sixth day as fewer Americans than forecast filed first- time claims for unemployment insurance payments last week.
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By Moming Zhou, Bloomberg |
April 23, 2013
West Texas Intermediate crude was little changed as data from China and Europe signaled a slowdown in global manufacturing and equities climbed for a third day.
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By Phil Flynn |
April 19, 2013
OPEC is showing more concern about the rapid drop in oil prices. While a call from the hawks for a meeting is not unusual, it seems that OPEC special meeting or not will more than likely reign in production unless prices rebound dramatically.
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By Mark Shenk, Bloomberg |
April 18, 2013
West Texas Intermediate crude rose from a four-month low on signals that recent losses were exaggerated and as Spain sold more debt than planned.
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By Mark Shenk, Bloomberg |
April 16, 2013
Brent crude fell below $100 a barrel for the first time since July on signs economic growth will slow, curbing demand. West Texas Intermediate oil was little changed before a report that may show a U.S. supply gain.
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By Phil Flynn |
April 16, 2013
Oil seems to be trying to find its bottom near $86.00 but it is far from solid. We should see a lot of volatility, but we should try to hold near $86.00 as a bottom.
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By Barbara Powell, Bloomberg |
April 12, 2013
Gasoline sank to the lowest level since January on concern that U.S. and European economies are weakening, reducing fuel demand at the same time refineries increase output.
