Posts Tagged ‘energy information administration’

US Commerce Department Focuses on Oil Export Policies

by Christopher Lemieuxon June 25, 2014 10:21 pm BST
The United States has restricted the majority of crude exports since 1975, in response to the Arab oil embargo, expect to Canada. In the wake of the massive shale boom and advances in drilling technologies, the US has become a global leader in energy production and less reliant on foreign oil. The US Commerce Department […]

Crude Falls Shy of $105 Close on Inventory Speculation and Geopolitical Tension

by Christopher Lemieuxon June 11, 2014 4:30 am BST
West Texas Intermediate (WTI) crude challenged $105 per barrel, but futures were unable to close above the key price level before trading lower ahead of today’s inventory report from the Energy Information Administration (EIA). Traders are speculating that inventories fell for the second consecutive week. Yesterday, the American Petroleum Institute (API) reported that inventories fell by […]

Gasoline Falls After Speculators Up Bullish Ante; Futures Trade within Triangle

by Christopher Lemieuxon June 2, 2014 1:37 pm BST
Gasoline futures fall two consecutive days, breaking $3 per barrel after not being able to break $3.025 per gallon. The fall follows the Commodity Futures Trading Commission (CFTC) commitment of traders data, which indicated net-long gas positions increased by 1,311 contracts and options, totally 60,130. Gas in the United States averaged $3.669 per gallon, up […]

Natural Gas Bullishness Drops to Five-Month Lows on Supplies

by Christopher Lemieuxon May 19, 2014 8:52 am BST
Natural gas bullishness drops to five-month lows due to increasing supplies in natural gas inventories. According to the commitment of traders data released by the Commodity Futures Trading Commission (CFTC), money mangers cut net-long positions by 9.1 percent in the week ending on May 13. This was the lowest level since December. With the winter […]