|
oil prices, oil trading
The IEA is to meet with OPEC, banks and US and UK regulators in Tokyo in February 2010 to discuss limiting oil price speculation.
IEA Executive Director Nobuo Tanaka said today he has asked US Commodity Futures Trading Commission Chairman Gary Gensler, officials of the UK Financial Services Authority, and bank executives including Lawrence Eagles, head [...]
Commodities – Energy
Crude Faces Volatility on FOMC, Earnings, Fading Stimulus
Crude Oil (WTI) $74.67 -$0.04 -0.05%
Oil prices continue to consolidate above support at $74.41. A bounce will see initial resistance at the top of a falling channel established from January’s [...]
Brent crude oil price is trading under $75 a barrel on Friday on London’s ICE Futures exchange as talk of bank trading curbs upset speculators and US oil inventories data revealed refiners continue to cut processing.
Proposals by US President Barack Obama to cut proprietary trading at large banks sent Asian stock markets and commodities tumbling [...]
US Light oil price fell below $76 a barrel in trading on Friday in Asia, dampened by evidence of weak crude oil demand after US government figures showed the United States continues to use less energy than in 2009. US Light oil futures shed 21 cents to $75.87 a barrel at midday in Asia on [...]
Oil prices are trading down around 2 percent in Asia on Friday below $76 a barrel after talk of US bank trading curbs upset speculators, while refiners in top consumer the US processed the least crude in decades, reacting to a fuel demand slump.
Proposals by US president Barack Obama to cut proprietary trading at large [...]
Turkey dipped below the IEA’s required oil stock level in October 2009, below the 90 day rule, the latest data shows, but the country expects November data to show its stock levels to be back in line with the requirement, an official from the IEA said Tuesday. According to the IEA data for October, Turkey’s [...]
OPEC member countries compliance with crude oil production targets dropped to the lowest in a year in December 2009 as oil output was seen to be higher than in November.
Oil production from the OPEC member countries bound by quotas rose to 26.681 million barrels a day in December, from 26.613 million a day the previous [...]
Jeff Rubin comments on how world oil prices are set to be trading around the $200 US dollar mark in the future. Rubin, the former Chief Economist of CIBC World Markets warns that higher oil prices are a result in a lack of affordable, extractable global world oil, which has now passed the easy peak [...]
ICE Brent crude oil futures price fell by more than one percent on Wednesday, pressured by a sell off maybe linked to the bankruptcy filing of Japan Airlines (JAL) the contract slipped below key technical support at the 50 day moving average.
“We still are classing gains as potential selling opportunities,” said FuturesTechs analyst Clive Lambert, [...]
US Light oil price is trading steady around the $78 mark in Asia Thursday, recovering only a sliver of the ground lost overnight on pervasive concerns that monetary tightening in China will slow its economy.
Prices gained a few cents after China reported December industrial production up 18.5% from a year earlier, but investors weren’t ready [...]
Recent Comments
LATEST NEWS HEADLINES
MORE OIL STORIES
Brent oil trading firm near $78 on weaker US dollarHAVE YOUR SAY, CRUDE OIL FORUM
Whats going on in the oil market? Have your say on our crude oil forum, get tips for trading oil futures...OIL TRADING SOFTWARE DOWNLOAD
Plus500 oil trading software platform, trade oil and gold with no fees or commissions, trade oil from $100 outlay, instant software downloadMORE OIL PRICE NEWS HEADLINES
