crude oil futures news

crude oil futures news

May 19th, 2016

Crude oil prices tumbled in North American trade on Thursday, adding to sharp overnight losses, as a surging U.S. dollar and an unexpected rise in U.S. crude inventories triggered selling.

The U.S. dollar surged to seven-week highs in early trade after the minutes of the Federal Reserve’s latest policy meeting rekindled expectations for a June interest rate hike.

Dollar-denominated oil futures contracts tend to fall when the dollar rises, as this makes oil more expensive for buyers in other currencies.

Crude oil for June delivery on the New York Mercantile Exchange sank $1.03, or 2.14%, to trade at $47.18 a barrel by 13:50GMT, or 9:50AM ET.

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s&p futures news

s&p futures news

April 8th, 2015

U.S. stock-index futures were little changed before the Federal Reserve releases the minutes of its March meeting and as Alcoa Inc. unofficially kicks off earnings season.

Alcoa gained 1.6 percent before reporting its first-quarter results, due after the close of trading. Energy companies were little changed as a drop in oil prices offset news that Royal Dutch Shell Plc agreed to buy BG Group Plc for about $70 billion in the oil and gas industry’s biggest deal in at least a decade.

E-mini contracts on the Standard & Poor’s 500 Index expiring in June added 0.1 percent to 2,069.5 at 8:45 a.m. in New York. Dow Jones Industrial Average futures advanced 13 points, or 0.1 percent, to 17,798.

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crude oil futures news

crude oil futures news

March 10th, 2015

Bets that oil prices will plunge below $35 a barrel by June have lost almost 80 percent of their value after the U.S. benchmark recovered from a six-year low.

June $30 and $35 puts, or wagers that West Texas Intermediate oil will drop below those levels, have tumbled since January. Prices traded within an $8 range last month, the least since September.

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gasoline futures

gasoline futures

February 5, 2015

Retail gasoline in the U.S. has risen 8.4 cents in the past two days, according to Heathrow, Florida-based AAA, the largest two-day increase since March 2011. The national average hasn’t fallen since Jan. 25, when it broke a 123-day losing streak.

The spike at the pump follows a 14 percent gain in oil prices and maintenance shutdowns at refineries. Demand for gasoline is at the highest seasonal level since 2008.

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Crude Oil Prices Higher After Heavy Losses

On February 5, 2015, in Crude Oil Futures News Report, by Infinity Trading

 

crude oil futures options

crude oil futures options

February 5th, 2015

Crude oil futures prices climbed higher on Thursday supported by a weaker dollar following heavy losses in the previous session as U.S. supplies continued to add to the global oil glut.

Data on Wednesday showed that U.S. crude supplies had climbed to their highest level in 80 years sending oil prices down by almost 9% for the day.

On Thursday, Brent crude rose 2.2% to $55.35 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, light, sweet crude futures traded at $49.25 a barrel, up $0.80 from Wednesday’s settlement.

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copper futures prices

copper futures prices

January 27, 2015

Copper is headed for the biggest monthly loss since September 2011 amid growing speculation that demand is weakening in China, the world’s biggest metals consumer. Prices declined on Tuesday as durable-goods orders dropped for the fourth consecutive month in the U.S., the second-biggest user.

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April 25th, 2012

Crude oil futures rose to its highest level in a week in New York after the American Petroleum Institute said crude inventories fell in the U.S., the world’s biggest consumer of the commodity.

U.S. stockpiles decreased by 985,000 barrels last week, the industry-funded API said. An Energy Department report today is forecast to show a gain of 2.8 million barrels. Goldman Sachs Group Inc. said crude prices will rise as demand growth outpaces production capacity and that increased output by Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries, has left the group’s spare capacity at less than 1 million barrels a day.

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Crude Oil Futures Gain With Equities, Falling Dollar

On April 20, 2012, in Uncategorized, by Infinity Trading

April 20th, 2012

Crude-oil futures rose Friday along with stock markets and the falling dollar, as improving data in Europe reduced worries about a slump in oil demand.

Light, sweet crude for May delivery recently traded $1.77, or 1.7%, higher at $104.04 a barrel on the New York Mercantile Exchange. The May contract expires at settlement on Friday, and futures for June delivery recently traded $1.68 higher at $104.40 a barrel.

Brent crude for June delivery on the ICE futures exchange traded 99 cents higher at $119.99 a barrel.

Crude oil gained as improving data out of Germany and the U.K. early Friday lifted European markets and provided a boost to U.S. stock market futures.

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April 18th, 2012

Brent crude futures dropped for a second day this week amid concern that Europe’s debt crisis may curb oil consumption, while U.S. benchmark West Texas Intermediate was little changed.

North Sea Brent declined as much as 1 percent while European equities fell and the euro declined against the dollar. A cease-fire in Syria and plans for renewed negotiations next month between Iran and the five permanent members of the United Nations Security Council plus Germany reduced the likelihood of more supply disruptions in the Middle East. U.S. crude stockpiles climbed for a fourth week, data from the industry- funded American Petroleum Institute showed.

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March 8th, 2012

Crude oil rose for a second day in New York on signs that sanctions on Iran are succeeding in cutting the nation’s crude exports.

Crude oil futures climbed as much as 0.9 percent, adding to yesterday’s 1.4 percent increase. U.S. lawmakers proposed new measures against Iran’s nuclear program, while Barclays Capital said shipments from the Persian Gulf nation have dropped by 300,000 to 400,000 barrels a day. The European Union offered on March 6 to restart negotiations with the Islamic Republic.

“The consensus is that the EU embargo and U.S. sanctions are having a higher-than-expected impact,” said Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland. “On Iran now we have to wait a little bit to see the feeling coming out of the pre-negotiations.”

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