Tag Archives: Crude Oil

Crude Oil Analysis

June Nymex WTI crude oil is trading slightly lower Thursday with prices remaining pinned in a fairly tight range during Asian traded hours. June WTI is currently trading $96.68 a barrel after settling down 20 cents at $96.81 on Wednesday.

Crude Oil Analysis

June Nymex WTI crude oil is currently trading modestly lower Tuesday at $97.68 a barrel down 26 cents on the session. Monday afternoon saw prices dip to $96.42 before recovering sharply up to a high of $98.18 amid an improving tone in equity markets.

Crude Oil Analysis

June Nymex WTI crude oil is trading modestly higher at $102.66 up a fraction from yesterday’s close of $102.54 after prices fell away sharply yesterday afternoon. Oil prices tumbled more than 2%, the biggest one day percentage loss since Dec 14, amid expectation that moderate U.S. economic growth will continue to create jobs, which in […]

Crude Oil Analysis

June Nymex crude oil is holding steady above $105 a barrel Thursday, with the market currently seen trading $105.03 down 19 cents. Prices entered the Asian session coming off of a decline seen yesterday after data showed a rise in U.S. crude inventories for the sixth straight week, the highest level since 1990, with 2.84mln […]

Crude Oil Analysis

June Nymex crude oil is trading modestly lower Wednesday at $106.02, after posting a close on Tuesday at $106.16 the highest settlement seen since March 27. Prices have so far remained steady Wednesday, after some sharp gains were seen during U.S. trading hours yesterday after U.S. manufacturing growth in April registered its highest level in […]

Crude Oil Analysis

June Nymex crude oil is currently trading $104.71 on Tuesday, down 16 cents on the day so far, after prices posted a close of $104.87 for Monday’s session. Very little movement has been observed during Asian trading hours, with prices slipping back to a low of around $104.62 after being up at $104.90 early on.

Crude Oil Analysis

June Nymex crude oil prices are currently trading $104.83, down 10 cents on the session, with the market observed in a tight trading range as parts of Asia are absent due to a public holiday.

Crude Oil Analysis

June Nymex crude oil prices are trading $103.95 Friday, down 60 cents on the session. Oil fell from its highest level posted in nearly four weeks after a Standard & Poor’s decision to cut Spain’s credit rating renewed fears over the status of Europe’s faltering economy and, in turn, curb fuel demand.

Crude Oil Analysis

June Nymex crude oil prices are trading steadily at $104.41 a barrel Thursday, supported by a move higher in equities, after the U.S. Federal Reserve’s meeting on interest rates offered up few surprises.

Crude Oil Analysis

June Nymex crude oil prices edged higher yesterday in tandem with equity markets trading up to $104.10 from earlier lows of $102.79 and closing at $103.55, some 45cents up from opening levels.

Crude Oil Analysis

June Nymex WTI crude prices are trading around $103.80 this morning in Asia having rallied as high as $104.68 on Friday with equities, but later fell back with some book squaring as the May WTI contract expired to close at $103.88.

Crude Oil Analysis

Nymex June crude oil furtures closed marginally lower yesterday but Asian markets have been steady this morning with WTI holding just above $103.00 after trading a $102.13-103.66 range in Europe and NY to close at $102.72.