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Oil trading has outpaced US equities since the March 2009 stock market lows, and while crude oil and stocks have tracked each other more closely in 2010, energy is still leading the way.
While the S&P 500 has risen 68 percent since the March bottom, oil futures are up nearly 75 percent. Oil prices, near a [...]
ODL Markets Review – Oil Trading PlatformODL Markets (ODL Securities Limited) is a leading, independent FOREX, derivatives, equity and commodity trading house. ODL Securities Limited is authorised and regulated by the FSA and is a member firm of the London Stock Exchange and NYSE Euronext, LIFFE. It is also a designated broker and a member [...]
Oil trading investors seek bargain crude oil prices as crude oil rose slightly in Asia trading on Friday following sharp losses overnight with oil prices loosing over five percent yesterday, as investors attracted by cheaper prices returned to the oil market, analysts said.
Sentiment, however, remained weighed down by tumbling stock markets and a stronger US [...]
Oil traders betting a big oil price swing to come soon
Since October, the crude oil options market has appeared curiously calm. Oil prices have settled nicely between $70 and $80 per barrel and, early last week, the CBOE Crude Oil Volatility Index (the seismograph of the oil market) fell to its lowest point in more [...]
A Morgan Stanley report which, under its base forecast, said oil prices would end 2010 trading at $95 a barrel, $100 in 2011 and $105 in 2012. In a bull market, the bank expects oil prices to touch $110 in 2010, $120 next year and $150 the year after.
The report, sent to Emirates Business, [...]
CNBC’s weekly poll of analysts forecasts oil prices to continue to fall in this weeks trading as weak fundamentals weigh on the market. Out of 12 analysts, nine (or 75 percent) expect prices to fall this week, three said they would be largely unchanged and none expected prices to rise.
Oil fell nearly 6 percent [...]
The US CFTC has endorsed a plan to rein in oil trading speculators by setting new limits on trading in energy futures by Wall Street investors and hedge funds.
Analysts warn, however, that sophisticated investors will merely shift some of their efforts away from the NYMEX to overseas and over the counter trading, leaving the regulators [...]
Oil price breaks through the $80 a barrel mark in trading on Monday in Asia on optimism a US economic recovery in 2010 will boost demand for crude oil.
Benchmark US Light crude oil futures for February delivery was up 63 cents at $79.99 a barrel at midday Singapore time in electronic trading on the NYMEX [...]
China has launched its first spot trading system in Tianjin for crude oil and coke, the coal used in steel making. The exchange is part of the effort to transform Tianjin Binhai New Zone into a financial center in northern China.
The newly inaugurated Bohai Commodity Exchange “BOCE” is China’s first joint-stock commodity board. China’s crude [...]
Oil prices are trading up around 3 percent at close on Wednesday as the US Dollar Index surged upward, together with a US government report showed weekly crude stockpiles fell more than expected.
US Light crude oil futures for January delivery advanced $1.97 to settle at $72.66 a barrel on the NYMEX. The US dollar strengthened [...]
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Daily oil trading report from ODL MarketsThe lower US Dollar helped push the price of oil higher, and Fridays better than expected non-farms increased confidence that the global economic recovery is in full swing.
Having traded over $82, we are at two month highs, so the next significant landmark is $84, sixteen month highs. Positive signs from China also increased traders [...]
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