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Articles tagged with: new york mercantile exchange

Crude Oil Contango Doubles in 2011 Recovery Betting With Frontline Ship Demand
09/08/2010 – 7:40 am PDT | No Comment

Crude oil traders are showing increasing confidence that U.S. economic growth will rebound next year as they take advantage of the widening gap between current prices of crude and contracts for delivery six months from …

Crude Oil Hovers Above $74 as Traders Eye US Economy
09/06/2010 – 11:40 am PDT | No Comment

Crude oil prices slipped to near $74 a barrel Monday in Asia as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment. Benchmark oil for October delivery was down …

Crude Oil Falls for Second Day on Speculation Fuel Demand Will Drop
09/06/2010 – 9:15 am PDT | No Comment

Crude oil fell for a second day in New York on speculation that fuel demand will decline as the U.S. summer peak consumption season ends and as crude and fuel inventories rose. Today’s U.S. Labor …

Crude Oil Futures Fall as U.S. Jobs Report Signals Slowing Economic Recovery
09/02/2010 – 7:20 am PDT | No Comment

Crude oil fell as initial U.S. jobless claims bolstered concern that the country’s economy will be slow to recover, crimping fuel demand. Oil slipped as much as 1.1 percent as a report showed that the …

Bloomberg Analysis: Crude Oil Price May Fall to $63 If Cap at "Pivot High" Holds
08/31/2010 – 5:15 pm PDT | No Comment

Crude oil may decline as low as $63 a barrel in New York if prices remain capped by a “pivot high” at $76.47, according to technical analysis by Barclays Capital. Oil futures for October settlement …

Crude Oil Falls as Dollar Strengthens, Economic Outlook Remains a Concern
08/30/2010 – 7:40 am PDT | No Comment

Crude oil fell for the first time in four days as slower than forecast growth in personal incomes heightened concern the economy is struggling to recover. Oil fell from the highest level in more than …

Crude Oil Rises From Lowest Level in Six Weeks as Chinese Equities Gain
08/23/2010 – 9:10 am PDT | Comments Off

Crude oil rebounded from its lowest level in more than six weeks as equity markets advanced, spurring confidence that the economy is improving and fuel demand will recover. Oil rose for the first time in …

Crude Oil Trades Near Four Week Low After Retail Report Falls Short of Estimates
08/13/2010 – 9:15 am PDT | One Comment

Crude oil fluctuated after sales at U.S. retailers rose less than forecast in July and the cost of living climbed for the first time in four months. Oil traded at its lowest level in four …

Crude Falls Below $77 After U.S. Supplies Increase, Economic Outlook Dims
08/12/2010 – 9:15 am PDT | Comments Off

Crude oil declined for a third day after U.S. jobless claims increased, bolstering concern that economic growth will slow and fuel demand will drop. Oil decreased as much as 2.5 percent as initial jobless claims …

Crude Oil Falls for Third Day as U.S. Job Losses Spur Concern Over Demand Growth
08/06/2010 – 12:25 pm PDT | Comments Off

Crude oil fell the most in a month as weaker-than-forecast growth in U.S. company payrolls bolstered concern that the economic rebound in the world’s biggest oil consuming country is slowing. Oil slipped as much as …