Bloomberg reports that oil fell as the dollar advanced following an increase in American factory orders.
Articles Tagged "stocks"
Oil extended their losses in Asian trade today amid renewed worries about energy demand in the United States where data showed an unexpected jump in national crude reserves. For full story, click here
China’s crude oil stocks were at record high levels at the end of May, but the gains narrowed compared with past months, as hefty oil imports were largely consumed because of refiners’ record operational levels. For full story, click here
Canadian Stocks gained for the first time this week, led by oil companies, as crude climbed to a seven-month high after a U.S. government report showed supplies unexpectedly slipped. For full story, click here
U.S. crude oil futures slipped further in post-settlement trading on Tuesday after the American Petroleum Institute’s inventory data showed that domestic crude stocks fell less than expected last week. Phil Flynn, analyst at Alaron Trading in Chicago, stated: The API data shows imports were up and that tempered the crude draw, which came out lower [...]
China’s end-April total crude stocks surged to their highest level since 2008, while refined fuel stocks held by state refiners slipped sharply, as fuel sales rebounded ahead of a retail price rise. For full story, click here
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Crude oil continued to trade low for the second consecutive day, thereby causing oil and gas stocks slip into red on the Bombay Stock Exchange today. For full story, click here
European stocks surged by mid-morning on Wednesday as gains in energy shares, boosted by higher crude and a new BG Group oil discovery, offset fresh fears over the health of the financial sector. Postbank equity strategist Heinz-Gerd Sonnenschein stated: The market seems to be cautiously optimistic, but I fear that this is a bit too [...]
Crude oil prices slipped to less than $49 a barrel Wednesday on the New York Mercantile Exchange after a slide in stocks created doubts demand was ready to rise. For full story, click here