The dollar weakened broadly amid concerns that U.S. monetary policy may stay loose for a while. The buck reacted to White House... »
Crude-oil futures dropped as conflicting signals about the U.S. economic recovery undermined the oil market's latest try for a 2010 high. Light, sweet crude for April delivery fell 87 cents, or 1.1%, to settle at $81.24 a barrel on the New »
Money managers reduced their net long position in crude-oil futures on the ICE Futures Europe exchange in the week that ended Tuesday, according to data released Friday by the Commodity Futures Trading Commission. »
Front-month Apr Nymex light, sweet crude oil futures ended the week Fri at a $1.01/bbl discount to 4th month contract. That's the slimmest margin since Feb 22, when position adjustments related to the March contract »
Crude futures dropped Friday as conflicting signals about the U.S. economic recovery undermined the oil market's latest try for a new 2010 high. Light, sweet crude for April delivery settled 87 cents, or 1.1%, lower at $81.24 a barrel on the New »
Crude futures backed down from a two-month high on Friday, as conflicting pictures of the U.S. consumer eroded support. Light, sweet crude for April delivery recently traded 47 cents, or 0.6%, lower at $81.64 a barrel on »
Crude futures hit a two-month high Friday after an unexpected improvement in U.S. retail sales signaled that the economic recovery continues to gain momentum. Light, sweet crude for April delivery recently traded 96 cents, or 1.2%, higher at $83.07 a barrel on »
Crude oil futures rose in London Friday, boosted by a sliding dollar, but activity was largely subdued ahead of key U.S. data due later in the session. "There is a lack in direction of the energy market," said Myrto Sokou, an analyst at Sucden »
The crude oil futures curve could move to backwardation this summer, says Goldman Sachs. "As inventories decline and the benefits to ... of having oil inventories on-hand begin to outweigh their costs of storing it, they will increasingly be willing to »
Crude oil futures edge higher, but market participants are concerned about China's latest economic data, including higher-than-expected inflation, industrial output, retail sales and new loans readings, says Edward Meir at MF Global. »
Excess capacity and weak demand continue to depress the outlook for the refining sector in the first half of this year, the International Energy Agency said Friday. "The backdrop for the industry, at least in the OECD, remains bearish, with overcapacity and »
The International Energy Agency Friday said it expects world oil demand in 2010 to resume trend growth seen earlier this decade, a bullish call, as economic activity advances in the second half of the year. »
Crude oil futures were nearly unchanged in Asia trade Friday but held above $82 a barrel on a slightly weaker U.S. dollar as the market positioned itself ahead of U.S. retail sales figures due later today. On the New York Mercantile Exchange, light, sweet »
Nymex crude likely to consolidate with bullish bias after ending up 2 cents yesterday at 8-week settlement high of 82.11/bbl, Dow Jones technical analysis shows. Daily continuation chart positive-biased as MACD in bullish mode »
Crude oil futures were mostly unchanged Thursday over concerns that fast-growing Chinese inflation could limit that country's demand. April Nymex crude settled up 2 cents at $82.11/bbl; ICE Brent crude settled down 20 cents, or 0.3% at $80.28. »
OPEC President Germanico Pinto said Thursday he saw reasonable stability in the oil market. Pinto said that at the next meeting of the Organization of Petroleum Exporting Countries in Vienna, no policy changes will be necessary. "We don't see any foreseeable change of policies," said Pinto »
Crude oil ended near unchanged Thursday, as traders faced rising Chinese inflation that could prompt the country to tighten credit and curb its appetite for commodities, such as oil. The China data overshadowed some of the more positive sentiment this week on a tightening in »
Oil shipments from Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are expected to fall by 80,000 barrels a day in the four weeks to March 27, tanker tracker Oil Movements said Thursday. »
Oil prices are near unchanged Thursday as traders weigh concerns over possible monetary tightening by China against recent drawdowns in U.S. fuel stocks. China reported a rise in February inflation levels Thursday »
OPEC President Germanico Pinto said Thursday he saw reasonable stability in the oil market. "At the next cartel meeting, no policy changes will be necessary," said Pinto at a press conference. Pinto, who is also »
Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR) said Thursday that it had discovered oil at a well in Colombia. The discovery was made in the Balay inland block. Petrobras holds a 45% operating stake in the »
