Articles Tagged "futures"

U.S Crude Oil Futures slipped further

U.S. crude oil futures slipped further in post-settlement trade on Tuesday, but stuck to the day’s range, after industry data showed that crude inventories surged much higher than expected last week. For full story, click here

U.S Crude futures ended nearly 6 percent up

U.S. crude futures ended higher for a second day in a row on Thursday, latching on to surging stock markets and data showing U.S. jobless claims eased, spurring hopes that oil demand could improve. Jim Ritterbusch, president of Ritterbusch & Associates in Galena, Illinois, stated: The complex finished this short week on a strong note [...]

NYMEX Crude rose above $50 on equities

Bellwether U.S. crude oil futures rose above the psychologically important $50-a-barrel mark Thursday in Asia as firmer regional equity markets encouraged traders to cover short positions, although sentiment remained cautious in the wake of weekly U.S. government data showing oil inventories still bloated. Jim Ritterbusch, president at trading advisory firm Ritterbusch and Associates, stated: We [...]

Higher Oil: Sign Of Economic Growth

It was a stock that people loved to hate. During the first half of 2008, investors cringed when they saw rallies in the price of oil. As crude surged to $150 a barrel last year, equity investors bemoaned the hit, and worried and gossiped about the outlook for consumer-oriented firms which would need to spend more on gas. Then the tide turned.

Crude oil futures trading up $1.04

Crude oil futures are trading up $1.04 at $53.81 a barrel after receding $1.21 to $52.77 a barrel on Wednesday, when they slipped in reaction to the weekly oil inventory report. For full story, click here

Canadian Merger as Crude breaches $51 per barrel

The market in Toronto jumped significantly, in part due to the merger announcement between Suncorp (TSE:SU) and Petro-Canada (TSE:PCA). Petro-Canada was up 20 per cent at the end of the day and many of the other Canadian oil patch companies rose along with it. EnCana (TSE:ECA), Canadian Natural Resources (TSE:CNQ) and Talisman Energy (TSE:TLM) all closed up significantly.

Canada’s currency is little changed as crude oil fell

Canada’s currency was little changed as crude oil dipped and futures indicated U.S. stock indexes may open flat. Christian Lawrence, a currency strategist at RBC Capital Markets in London, said: The market is waiting for the U.S. open, to see where stocks are going to go. For full story, click here

Crude oil futures fell after 7% surge

Oil futures edged lower early Friday after rising 7.2% in the previous session. Crude oil for April delivery dipped 49 cents, or 1%, to $51.12 a barrel in electronic trading on Globex. For full story, click here