Shale revolution casts shadow over longer-dated US oil futures
The oil market is noteworthy for having had fairly active trading in contracts dated years ahead, especially those for December delivery. This trading has flagged. In the past 12 months, open interest in Nymex December 2020 WTI futures has averaged 6 ...
Oil Futures Settle Mixed
Oil prices finish at lowest level in a month
Crude Oil Futures - Weekly Outlook: April 24 - 28
Oil Futures Settle Up as API Eyed
DTN The Progressive Farmer (registration) (blog)
Some traders also squared their positions ahead of options expiration for NYMEX May RBOB and ULDS futures and June Brent crude contract on the IntercontinentalExchange, with the underlying futures contracts expiring on Friday, Evans added. June WTI ...
Cushing Crude Oil Inventories Fell from an All-Time High
Oil Prices Fall After Mixed US Inventory Data
Oil ends below $50 as US rig count continues to climb
Oil futures fell on Friday, with the U.S. benchmark ending below $50 a barrel and notching a weekly loss of roughly 7%. The latest weekly rise in active U.S. oil rigs offered another sign of further growth in U.S. crude production, casting doubts that ...
Oil Futures Settle Mixed Thursday
Oil futures settle mixed as rising US production weighs
UPDATE: Oil ends below $50 a barrel as US rig count continues to climb
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 ...
NYMEX Crude Oil Prices Made a U-Turn
WTI (West Texas Intermediate) crude oil (XLE) (XOP) (USO) futures contracts for May delivery fell 3.8% and settled at $50.44 per barrel on April 19, 2017. US crude oil futures for May delivery will expire on April 20, 2017. June WTI crude oil futures ...
Oil ends mixed, with US prices down as domestic output concerns persist
Oil Futures Lower Ahead of US Data
Oil futures fall sharply after data shows US gasoline build
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, ...
WTI oil futures struggle despite surprise draw in crude inventories
Oil Futures Shake Off Softness
Cushing Crude Oil Inventories Hit a New Record
Crude Oil Pushes Higher
The United States Oil Fund (NYSEARCA: USO) closely follows the front-month WTI crude oil futures contract on NYMEX, since it holds the front-month futures contracts as its primary asset. USO can be useful for short-term trading positions, but is not ...
WTI Oil Futures Pare Gains After Surprise Build In Crude Inventories
Crude oil for May delivery on the New York Mercantile Exchange gained 45 cents, or 0.88%, to trade at $51.45 a barrel by 10:34 AM ET (14:34 GMT) compared to $51.77 ahead of the report. The U.S. Energy Information Administration said in its weekly ...
Crude oil signals a reversal
Hindu Business Line
Crude oil price is showing some sign of relief over the past few weeks after tumbling last month. The crude oil futures contract traded on the New York Mercantile Exchange (NYMEX) fell from around $53 per barrel to record a low of $47 on March 14.
Asia demand, hedging boosts trading in forward US oil contracts
Oil ends slightly higher after US inventory rise caps rally
FUTURES: Crude remains lower on US stock build, despite OPEC cuts