2012 Oil Market Outlook
Iran’s saber-rattling in the Persian Gulf kicks off what could be a volatile year for oil markets.
Articles Tagged "US"
Crude Oil Slipped On U.S Jobless Claim Surge
Crude oil slipped in New York, paring this week’s gains, after an unexpected surge in initial jobless claims in the U.S. raised concern that fuel demand may slow in the world’s leading energy consumer. Anthony Nunan, an assistant general manager for risk management at Mitsubishi Corp. in Tokyo., stated: People are concerned that we could [...]
U.S Crude Surged above $70/bbl after 1% Gain
U.S. crude futures extended gains to trade firmly above $70 a barrel on Thursday, after a 1 percent surged a day earlier, as Asian stocks followed Wall Street higher, offsetting a larger-than-expected build in U.S. crude inventories. For full story, click here
Crude Surged Towards $72/bbl after API Data
U.S. crude futures surged towards $72 a barrel on Wednesday, erasing a 0.2 percent loss made the previous day, after industry data showed a surprise drawdown in U.S. crude oil inventories last week against a forecast for a stock build. For full story, click here
Europe Oil Benchmark has topped US Blend in puzzling reversal
Traders are again paying more for European than U.S. benchmark crude oil, a puzzling reversal that runs counter to historical trends. For full story, click here
Crude Oil has slided over 2% on Oil Demand Worry
U.S. crude oil futures dipped, hitting the lowest level since mid-May, as the latest forecast from the International Energy Agency stirred more worries about oil demand. For full story, click here
U.S Crude Oil Futures slipped on demand, economy concerns
U.S. crude oil futures slipped on Tuesday as concerns about the pace of economic recovery and continued tepid demand amid swollen inventories took crude prices off an early high in choppy trading. For full story, click here
Crude Oil Futures have neared $72 in Asian Trade
Oil prices surged in Asian trade Thursday, getting a lift from a bigger-than-expected dip in US crude reserves. For full story, click here
U.S Crude Futures surged $1/bbl on lower U.S Crude Inventories
U.S. crude futures surged by $1.00 a barrel to hit a new seven-month above $71 on Wednesday, extending the previous session’s gain of 2.8 percent after data showed a steep dip in U.S. crude inventories. For full story, click here
U.S Valero Energy has planned to raise $720 mln for Capex
Top U.S. refiner Valero Energy Corp. has planned to raise $720 million through a share sale this month to bolster its capital spending plans and bankroll acquisitions. For full story, click here
