Oil Trading News 25 Jan 2010

Crude oil is currently trying to push back towards the $75 per barrel price handle aided and abetted by equity markets which have managed to regain their equilibrium following last week’s volatility resulting from Obama’s banking regulation proposals. Oil prices have also been helped by...

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Oil Trading Update 23 Nov 2009

The oil trading complex has started the week strongly by pushing back up beyond Friday’s highs towards the $80 per barrel mark on the back of dollar weakness following comments from Fed Member James Bullard who said he would prefer to see the FED keep...

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Oil Trading Weekly DOE Stats 13 Nov 2009

Until the WTI stops being the benchmark for the oil market oil traders will have to continue to study the weekly crude oil inventories which yesterday came in uber bearish with almost 1.8m barrels added to the crude oil stockpile.  This compared with an average...

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Oil Trading 12 Nov 2009

Oil prices are still in the process of recouping more than half of Friday’s sharp losses with assistance from Hurricane Ida and a weaker US Dollar. Over the weekend Ida shifted course and gained strength in contrast to prior expectations. However, it does not appear...

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Oil Trading News 3 Nov 2009

Although crude futures have managed to recover at the start of the oil trading week on some dollar weakness and equity strength, rising more than $1.25 from Friday’s close, the advance has thus far been somewhat uninspiring with a further run at $80 unlikely, at...

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Oil Trading 13 Oct 2009

DOE data for oil trading will be released on Thursday instead of Wednesday owing to this week’s Columbus Day Holiday.  The data put out by the Department’s EIA unit and covering week ended 9 Oct is due for release at 11.00 am EDT.  The API...

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