Posts Tagged ‘Gas’
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Crude Trades Higher on Supply Outlook; 200 EMA on 4H Chart Seen as Resistance

by Christopher Lemieuxon May 13, 2014 6:44 am GMT
West Texas Intermediate (WTI) crude traded higher in Tueday’s session, as traders bid up crude on bullish supply speculation. Crude supplies recently hit record levels not seen since 1931 due to the increase production and shale boom. However, traders are speculating that supplies will decline after last week’s one million barrel decline to 396.6 million. […]

US Crude Inventories Reach 83-Year Highs; Crude Near-Term Outlook

by Christopher Lemieuxon April 24, 2014 6:54 am GMT
Due to the large Shale boom in North America, the United States crude inventories reached levels not seen since the Great Depression, an 83-year high. According to data from the Energy Information Administration (EIA), crude inventories increased by 3.52 million barrels last week to 397.7 million barrels. Crude output increased by 59K barrels per day […]

WTI Breaks $104 on Positive US Data

by Christopher Lemieuxon April 11, 2014 6:57 pm GMT
West Texas Intermediate (WTI) crude has breached through $104 per barrel on the back of positive data out of the United States and forgetting about the four million barrel increase in inventories, according to Wednesday’s Energy Information Administration (EIA) data. The Reuters/University of Michigan prelim consumer sentiment increased to 82.6, surpassing analyst expectations of 81.2 […]

Environmentalists Fight Keystone XL Despite Growing Safety Concerns

by Christopher Lemieuxon February 6, 2014 2:49 am GMT
The Keystone XL pipeline has been a popular topic in the North American energy industry for the last five years as President Barrack Obama as lingered on the issue. Now, activists are fighting the pipeline after proposing a 7,000-page enviromental analysis as aid the President on why he shouldn’t sign-off on the project. The long-pending […]