Posts Tagged ‘crude’

Unexpected Rise In US Crude Brings Oil Prices Down

by Forex Rooton July 22, 2015 11:19 am BST
Oil prices fell Today after an unexpected rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values over the past year. Industry data released on Tuesday by the American Petroleum Institute (API) showed crude inventories at the Cushing, Oklahoma hub rose 2.3 million barrels last week, compared with […]

Technical Analysis Jul.22nd

by Forex Rooton July 22, 2015 11:00 am BST
EURUSD EUR/USD failed to consolidate below the May low at 1.0818, therefore giving bulls a chance to push the pair back to the upside. They used this opportunity and sent the Euro as high as 1.0940, thus making a 100-pip rebound on a daily basis and erasing losses of three previous days. EUR/USD is now […]

WTI Continues To Tumble Amid Signs Of Global Glut

by Forex Rooton October 10, 2014 12:34 pm BST
WTI crude tumbled further into a bear market amid signs of a global glut. Brent, the benchmark grade for more than half the world’s oil, traded close to a four-year low. US crude slumped as much as 2.5 percent to $83.59 a barrel in New York. It closed yesterday more than 20 percent below its […]

WTI Declines Below $90 for First Time in 17 Months

by Forex Rooton October 2, 2014 9:43 am BST
WTI crude Oil fell below $90 for the first time in 17 months on speculation rising U.S. production will be more than enough to meet demand. WTI for November delivery was down $1 to $89.73 a barrel at 8:37 a.m. London time on the New York Mercantile Exchange, trading below $90 for the first time […]