-
By Mark Shenk, Bloomberg |
March 1, 2013
West Texas Intermediate oil slipped to the lowest level this year as Chinese manufacturing expanded less than forecast and U.S. federal spending cuts were set to be triggered, bolstering concern that fuel demand will decline.
-
By Mark Shenk, Bloomberg |
February 28, 2013
OPEC crude output rose for the first time in six months as rising Libyan production outpaced a cut by Saudi Arabia, which has implemented a program aimed at curbing excess supply and supporting prices.
-
By Phil Flynn |
February 21, 2013
Oh sure oil had a lot of reasons to break yesterday! China’s Wen Jiabao putting their breaks on the Chinese red hot housing market, OPEC raising production to aria and of course the rising fear that the Fed is getting closer to taking the punch bowel away
-
By Moming Zhou and Mark Shenk |
February 20, 2013
West Texas Intermediate tumbled the most in three months following declines in metals on speculation that a commodity fund is selling positions.
-
By Nikolaj Gammeltoft and Sarah Pringle, Bloomberg |
February 20, 2013
U.S. benchmark stock indexes tumbled from five-year highs while oil, gold and silver led commodities lower as minutes from the Federal Reserve’s last meeting showed policy makers debated the risks and benefits of bond purchases.
-
By Phil Flynn |
February 14, 2013
The oil bulls that were riding a wave of bullish demand optimism lost confidence after the International Energy Agency said that perhaps traders shouldn’t be just that excited.
-
By Mark Shenk, Bloomberg |
February 13, 2013
West Texas Intermediate oil in New York dropped after the Energy Information Administration said U.S. crude output rose to the highest level in 20 years.
-
By Asjylyn Loder, Bloomberg |
February 13, 2013
A record surge in U.S. oil production that has moved the country closer to energy independence threatens the existence of OPEC, according to analysts at Citigroup Inc.
-
By Dominick Chirichella |
February 13, 2013
The EIA and OPEC both increased their projection for global oil demand growth versus last month's reports with the IEA surprising the market by decreasing their forecast vs. last month.
-
By Phil Flynn |
February 13, 2013
The oil market is once again in the grasp of global central bankers as currency fluctuations and not so much supply and demand seem to be the factors that are driving recent momentum.
