Oil logs a gain, but suffers 2nd straight monthly loss
June West Texas Intermediate crude CLM7, +0.45% rose 36 cents, or 0.7%, to close at $49.33 a barrel on the New York Mercantile Exchange. Prices, based ... June Brent on London's ICE Futures exchange LCOM7, +0.52% rose 29 cents, or 0.6%, to $51.73 a ...
US Crude oil futures settle the week $49.33 /BBL
So if the price stays above, maybe we get a move back toward the 50 day MA at $50.89 or the 100 day MA at $51.74. However, if there is a break below that MA line (and a close below), a move toward the key $47.22 area will be eyed. The lows from March ...
Commodities Are Stable amid the Weaker Dollar - Market Realist
After falling on Thursday amid a rise in gasoline inventory levels, crude oil prices opened higher on Friday and tried to regain strength in the early hours.
Global crude oil discoveries plunge to record low, and it's gonna get worse
Conventional crude oil discoveries totaled just 2.4 billion barrels in 2016, versus the average of 9 billion barrels in the last 15 years, according to a new report from the IEA. Firms reached a final investment decision on the lowest number of ...
Oil prices are tanking, now below $49 a barrel at a 4-week low
Dollar strength added to headwinds for greenback-denominated crude. ... U.S. oil prices fell below $49 a barrel on Thursday amid deteriorating gasoline futures and a higher dollar in the wake of the European Central Bank's latest interest rate decision.
Shale revolution casts shadow over longer-dated US oil futures
Oil ends off highs as gasoline prices drop
EIA's Crude Oil Inventories Could Help Crude Oil Futures Recover
Crude Oil And A Retreat That Makes Sense
Last week in my article entitled, Crude Oil Approaches Resistance, I explained why at above $53 per barrel, nearby NYMEX crude oil futures were likely to run into lots of selling that would take the price back to the $50 level. Last week, May NYMEX ...
Oil ends mixed, with US prices down as domestic output concerns persist
On the New York Mercantile Exchange, May WTI crude CLM7, +0.37% fell 17 cents, or 0.3%, to settle at $50.27 a barrel. The May futures contract expired at the session's end. the new front-month contract, June WTI CLM7, +0.37% ended at $50.71, down 14 ...
NYMEX Crude Oil Prices Made a U-Turn
Oil could be a big factor Thursday after slump
Oil slides more after US settlement on API inventory report
China Revives Plan To Launch Shanghai Crude Oil Futures
Earlier this year, China was thought to have indefinitely postponed plans to launch a new oil futures contract, but it's looking now like it is having a change of heart, and is preparing to launch a Shanghai crude oil futures contract as early as in ...
China plans Shanghai crude oil futures launch in H2 2017 - sources
For Oil's Future, Peer Through the Hedges
The chart below shows the net short position of swap dealers in Nymex crude oil futures and options. This is a proxy for hedging activity by E&P companies (which generally use swaps dealers to establish their hedging positions). The lower the number ...
Crude Oil Approaches Resistance
Everyone was bearish on the price of oil when it was moving lower in early March. Many analysts were calling for a test of $45 or $42 per barrel on the nearby NYMEX futures contract. The pundits were citing cheating by OPEC, massive Russian production, ...
Crude Oil Futures Could Break $55 per Barrel
Crude oil futures slide for second session
Oil climbs after reports that Saudi Arabia wants output cuts extended