March 2010
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News from March 2010

Oil trading outpaced US stock market since 2009 lows

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 [...]

Light oil price near $81 in busy market trading

The NYMEX Light oil price dropped to near $81 a barrel in trading on Tuesday in Asia, losing a little momentum although the market is seeing alot of activity and many analysts see prices going higher.
US Light crude oil futures for April delivery was down 68 cents to $81.19 a barrel at late afternoon Singapore [...]

Daily oil trading report from ODL Markets

The price of oil stayed above the $80 level as data showed that net long positions are at their highest levels since January.
The catalysts for the moves up are a weaker dollar, political unrest in Nigeria, and Chinese intention to build up oil reserves. No that oil has traded above, and more importantly stayed [...]

Oil prices trading steady, next moves higher to $90?

Oil prices have been “buoyed by continued positive macroeconomic data flow and a gradual tightening of oil market balances,” Barclays Capital said in a report. “The dominant range is moving upward, and a rough $70 to $80 range will ultimately transition to a $80 to $90 range.”
US Light crude oil futures for April delivery was [...]

Iran’s Khatibi say’s $100 crude oil price is “good price”

Crude oil prices edged up by the middle of Monday’s trading session when Mohammad Ali Khatibi, one of the OPEC governors said $100 per barrel would be preferable.
By 16:30 Moscow time, the price of Light crude oil futures on the NYMEX had risen 1.1 percent, reaching $82.41 per barrel, while in London, a barrel of [...]

Review

ODL MARKETS OIL TRADING PLATFORM