Today is Tue, April 21, 2015 6:24:37 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Home » Currencies » Oil

BP Receiving Crude as Repayment for Iraq Work

The dramatic 10-month drop in the price of oil could be due to ultra-loose monetary policy by the U.S. Federal Reserve, according to a senior analyst at a major financial services company. Mark Lewis from Kepler Cheuvreux said on Monday that the boom in U.S. shale gas production over the last few years that had […]

Brent Crude – Triangle Top at Breaking Point

Having spent much of the day paring yesterday’s gains, Brent crude has taken off again this afternoon and finds itself back at the top end of the range it’s traded in this year. The result of the consolidation this year has been an ascending triangle forming which is quite a bullish set up, regardless of […]

US Open – Futures Higher as Oil Continues Rally

US futures are pointing to a stronger open again on Wednesday supported by another day of gains in oil prices which has so far provided a lift to stock markets in Europe. Brent and WTI are on course for a fourth advancing session in five as the stabilisation in the dollar eases the pressure on […]

Dollar Skittish Below 12 Year High Risk, Monetary Policy Themes Heat Up

Talking Points: Dollar Skittish Below 12 Year High Risk, Monetary Policy Themes Heat Up Euro: What Should we Expect from the ECB, Greece Today? Australian Dollar Holds Precarious Floor after Chinese GDP Hits 6-Year Low Dollar Skittish Below 12 Year High Risk, Monetary Policy Themes Heat Up With the USDollar testing the 12-year highs established […]

Brent Crude – Momentum Lacking Despite New High

Brent crude’s strong rally into the end of last week continued on Monday, climbing to $59.39 before running into the same barrier that has twice halted its attempt over the last few weeks. It is still difficult to determine what kind of consolidation pattern this is, a continuation or reversal. The higher lows certainly suggest […]

West TX Oil Near $51.50

U.S. crude closed higher on Friday after Baker Hughes reported drillers increased the pace of rig reductions in U.S. oilfields after two weeks of thin declines. The number of rigs exploring for oil in U.S. acreage fell by 42, the steepest drop in a month, bringing the total number to 760 rigs. U.S. crude settled […]

OPEC Says it Can Coordinate Iran’s Return to Oil Production

The Organization of Petroleum Exporting Countries (OPEC) will be able to “coordinate itself” to accommodate Iran’s return to oil markets without causing a price crash, Bijan Zanganeh, Iran’s oil minister, said on Thursday during a visit to Beijing. Iran, once the No.2 exporter of OPEC, hopes to boost its exports by as much as one […]

Iran Visits China to Pressure US Oil Sanctions

Tehran officials are in Beijing this week to seek more oil sales, in a move that could reduce Iran’s vulnerability to Western sanctions and pressure the U.S. to sign off on a deal to lift restrictions on Iranian oil exports. Representatives of the state-run National Iranian Oil Company are meeting with Chinese oil importer Sinopec […]

Dollar Rebound Attempts to Revive Trend as Fed Minutes Massage Rate Speculation

Talking Points: Dollar Rebound Attempts to Revive Trend as Fed Minutes Massage Rate Speculation Euro: Confusion Over Greece Situation Leaves Results in QE Complacency Australian Dollar Rally Limited After RBA Leaves Rate Unchanged Dollar Rebound Attempts to Revive Trend as Fed Minutes Massage Rate Speculation The Dollar was thoroughly trounced Friday after the severe miss […]

Oil Rallies on U.S. Data

Oil futures rallied on Tuesday and U.S. crude approached 2015 highs on strong jobs data and government forecasts for lower U.S. crude production growth and higher global demand for oil. U.S. job openings surged to a 14-year high in February the Labor Department’s monthly Job Openings and Labor Turnover Survey (JOLTS) said, helping erase oil’s […]

West TX Oil Near $51 after Goldman Sachs Report

U.S. crude futures dipped on early Asian trading on Tuesday following a sharp rally the previous session and as Goldman Sachs said it saw little upside for its $40 a barrel forecast over the next three months. Crude oil prices jumped more than 5 percent on Monday as traders reassessed how quickly Iran might increase […]

Oil Jumps after U.S. Output Drop

Oil jumped as much as 5 percent on Wednesday, snapping a three-session losing streak, as U.S. crude output fell for the first time in two months and the government announced a smaller-than-feared rise in weekly stockpiles. The market’s focus on Iran nuclear talks, which had depressed prices since Friday, also shifted as the dollar eased. […]

Top trade idea for April 2nd, 2015 – USD/CAD

Still on the usdcad this week too as this market is a special one and the reason for that comes from both a technical and a fundamental perspective. From a technical point of view, as long as the 1.2406 lows in the 4th wave green are not broken, then the scope can only be bullish, […]

Oil Jumps after U.S. Output Drop

Oil jumped as much as 5 percent on Wednesday, snapping a three-session losing streak, as U.S. crude output fell for the first time in two months and the government announced a smaller-than-feared rise in weekly stockpiles. The market’s focus on Iran nuclear talks, which had depressed prices since Friday, also shifted as the dollar eased. […]

West TX Oil Drops Below $46.50 as Iran Nuclear Talks Drag On

U.S. crude futures edged up on Wednesday, following a more than 7 percent decline over the past three days, as Iran and world powers negotiated beyond a Tuesday deadline, raising uncertainty over a nuclear deal that could add to a global crude glut. Nymex crude for May delivery was up 9 cents at $47.69 a […]

Oil to Stabilize in 2H According to Reuters Poll

Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed on Monday. The survey of 34 analysts predicted North Sea Brent crude LCOc1 would average $59.20 a barrel in 2015, up from […]

West TX Oil Drops to Near $47 on Iran Deal

Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted. Iran and six world powers tried to break an impasse in nuclear negotiations on […]

America’s Oil Storage Hits Another Record

America’s oil in storage just hit another record after rising for the 11th consecutive week. Stockpiles rose 8.2 million barrels, or 1.8 percent, to 466.7 million barrels last week, the EIA reported today. Analysts had expected an increase of 4.75 million barrels. The amount of oil the U.S. is cranking out also edged up slightly, […]

Dollar Staves Off Another Reversal Risk

Talking Points: Dollar Staves Off Another Reversal Risk Euro Focus Turning from QE Back to Greece British Pound Stumbles After Inflation Stalls for the First Time Dollar Staves Off Another Reversal Risk The Dollar took another stab at turning its eight-month bull trend this past session. However, this time around, there wasn’t a FOMC rate […]

Oil Falls to $55 as Saudis Keep Pumping

Oil prices declined on Monday, holding near $55 a barrel after Saudi Arabia indicated it was now pumping near a record high of 10 million barrels per day, adding to concerns of global oversupply. Saudi Arabia has stood firm on output, saying it would only consider cutting it if other producers outside OPEC also joined. […]

Powered by DayLife

Complete Calendar
Free Expert Advisors by email