No Changes Expected at OPEC + 8’s Secret Meeting
Cina Coren - Daily Forex - Wed Oct 21, 5:10AM CDT
By: DailyForex.com Oil prices headed south Wednesday on reports of continued buildup of U.S. crude inventories impacting further on global oversupply. Brent crude for December delivery had fallen 14 cents to $48.57 a barrel while U.S. crude...
OIL: 8.50 (unch)
WTI Crude Oil Continues to Show Strength
Christopher Lewis - Daily Forex - Mon Oct 19, 1:10AM CDT
By: DailyForex.com The WTI Crude Oil market initially fell during the course of the session on Friday, but found enough support near the $46 level to turn things back around and form a hammer. The hammer of course is a bullish sign, and as a...
OIL: 8.50 (unch)
Tesoro Confident of West Coast Energy Terminal Approval
Cina Coren - Daily Forex - Sun Oct 18, 1:10AM CDT
By: DailyForex.com Oil prices don’t seem to be moving up. But that isn’t stopping big oil corporations from looking ahead to the time when a barrel of crude will be back at its previous selling level. Tesoro Corporation, a Fortune...
OIL: 8.50 (unch)
Oil Prices: How Low Can They Go?
Cina Coren - Daily Forex - Fri Oct 16, 1:10AM CDT
By: DailyForex.com No matter what actions the U.S. takes to lessen its oil production, and there have been several of late, its stockpiles of crude oil refuse to diminish, preventing oil prices from turning around. Oil fell to under $49 per...
OIL: 8.50 (unch)
Is Now the Time to Invest in Oil?
Sara Patterson - Daily Forex - Wed Oct 14, 5:10AM CDT
By: DailyForex.com Most economists will agree that commodities are subject to ‘boom and bust’ cycles – their prices can hit unfathomable peaks or bottom out at heart-wrenching lows, and these divergences are inevitable –...
OIL: 8.50 (unch)
Oil Prices to Rise on OPEC Report
Cina Coren - Daily Forex - Mon Oct 12, 7:10AM CDT
By: DailyForex.com Just when we thought excessive oil supplies would continue to keep oil prices at their lowest, oil producers outside the Organization of Petroleum Exporting Countries are reporting on a drop in crude numbers despite a rise in...
OIL: 8.50 (unch)
Will Golan's Oil Find Impact World Oil Prices?
Cina Coren - Daily Forex - Thu Oct 08, 2:10AM CDT
By: DailyForex.com It was back in March of this year that a suspicion of oil located in Israel’s Golan Heights was reported and flocks of onlookers dashed to the site to see it with their own eyes. It took over a year of round-the-clock...
OIL: 8.50 (unch)
Oil Prices Rebound
Cina Coren - Daily Forex - Wed Oct 07, 11:10PM CDT
By: DailyForex.com Oil prices seem to be edging up slowly. Despite the sudden increase in U.S. stockpiles, crude oil futures rose in early Asian trade on Thursday with additional trading from Chinese traders following a week long National Day...
OIL: 8.50 (unch)
WTI Crude Oil looking for buyers
Christopher Lewis - Daily Forex - Wed Sep 23, 1:09AM CDT
By: DailyForex.com The WTI Crude Oil markets fell initially during the day on Tuesday, but bounced significantly and ended up forming a hammer. That of course is a very strong sign, and as a result it looks like we are going to try to finally get...
OIL: 8.50 (unch)
Oil Prices Continue to Fall
Cina Coren - Daily Forex - Sun Sep 13, 2:09AM CDT
By: DailyForex.com Oil dropped again Friday losing another nearly 3 percent in the past week and down about 50 percent year over year. Goldman Sachs cut forecasts once again, citing to the increased possibility of the commodity falling as low...
OIL: 8.50 (unch)
WTI Crude Oil Finds Buyers Again on Thursday
Christopher Lewis - Daily Forex - Fri Sep 11, 2:09AM CDT
By: DailyForex.com The WTI Crude Oil markets found support at the $44 level again during the course of the session on Thursday, as we continue to consolidate between the $44 level on the bottom, and the $46 level on the top. The pullback actually...
OIL: 8.50 (unch)
Downtrend Call Working As iPath Goldman Sachs Crude Oil Total Return Index ETN Stock Falls 15.8% (OIL)
Comtex SmarTrend(R) - Thu Sep 03, 11:42AM CDT
SmarTrend identified a Downtrend for iPath Goldman Sachs Crude Oil Total Return Index ETN (NYSE:OIL) on July 6th, 2015 at $10.73. In approximately 2 months, iPath Goldman Sachs Crude Oil Total Return Index ETN has returned 15.80% as of today's recent price of $9.03.
OIL: 8.50 (unch)
Summer Madness to Nut Case? A Fall Preview of ETFs
Sweta Killa - Zacks Investment Research - Thu Sep 03, 9:59AM CDT
The stock market went berserk in summer with performances swinging from sky-high in certain sectors to dreadful by others.
USO: 14.40 (-0.03), CNXT: 40.23 (+2.43), XHB: 36.34 (+0.16), FCG: 6.49 (-0.05), CARZ: 36.90 (+0.49), OIL: 8.50 (unch), ITB: 27.86 (-0.03), PSCE: 19.26 (+0.55), ASHS: 42.80 (+2.20)
WTI Crude Oil Falls, Slamming into the $45 Handle
Christopher Lewis - Daily Forex - Wed Sep 02, 2:09AM CDT
By: DailyForex.com The WTI Crude Oil markets fell rather significantly during the course of the session on Tuesday, slamming into the $45 handle. We initially trying to break above $48, but that offered resistance yet again as we had seen quite...
OIL: 8.50 (unch)
Everything You Need to Know About OPEC
Ryan McQueeney - Zacks Investment Research - Tue Sep 01, 5:10PM CDT
We highlight some key facts that every investor should know about OPEC.
IEZ: 41.61 (+1.11), USO: 14.40 (-0.03), OIL: 8.50 (unch), IEO: 62.10 (+0.90), XLE: 68.43 (+1.22)
Oil Rallies; Hits $49.20 a Barrel
Cina Coren - Daily Forex - Tue Sep 01, 2:09AM CDT
By: DailyForex.com What goes down must come up when it comes to oil prices. Oil prices were up nearly 9 percent Monday, continuing a rally in which the commodity rose more than 27 percent, the biggest three-day gain in 25 years. The surge...
OIL: 8.50 (unch)
Positive News Flow Sparks Off Rally in Oil ETFs
Sweta Killa - Zacks Investment Research - Fri Aug 28, 9:40AM CDT
Crude oil jumped over 10% in Thursday's trading session, representing the biggest one-day rally in over six years.
USO: 14.40 (-0.03), DBO: 11.27 (unch), OIL: 8.50 (unch), USL: 20.46 (-0.02)
Crude Oil Falls Apart as Traders Sell Commodity
Christopher Lewis - Daily Forex - Thu Aug 20, 2:08AM CDT
By: DailyForex.com The WTI Crude Oil markets fell apart during the session on Wednesday, as futures traders sold off the commodity. This of course was aided by a larger than anticipated Crude Oil Inventory build during the session on Wednesday as...
OIL: 8.50 (unch)