Tag Archives: Crude Oil

May Nymex WTI crude prices are steady this morning around $105.35 in Asia, having fallen back yesterday on a number of issues starting with Chinese growth fears that hit the equity markets. Discussions between US, UK and France over possible release of Strategic reserves to counter any supply shortages as a result of the Iranian […]

May Nymex crude prices are steady around $106.75 in Asia this morning in quiet trade after the WTI contract posted small losses yesterday. The API weekly inventory report showed a build above analysts expectations of 3.6 million barrels , which may have weighed on prices later in the session, but the more telling weight came […]

Nymex crude prices were rather mixed yesterday trading in a fairly tight range despite Fed Bernanke’s dovish comments which sparked a wave of dollar weakness on QE3 fears and drove equities sky high. The commodity sector picked up on the comments but lagged the dollar weakness elsewhere.

Nymex May WTI crude prices have slipped back in Asian at the start of the new week, having spiked in NY on Friday on news that Iranian oil exports had fallen by 300k barrels a day according to a report from Geneva based tanker tracker Petrologistics.

Nymex May WTI crude prices are holding steady around $105.50 in Asia this morning having falling back yesterday to lows of $104.50 in a risk -off market led by weaker PMI data from China and then Europe. The commodity sector pared back recent gains as did equities which prompted the sharp falls from early Asian […]

Nymex Crude prices have eased back this morning in Asia after rising yesterday on the back of a surprise draw in domestic crude inventories. The EIA reported a draw of 1.16 million barrels for the latest reporting week which was in sharp contrast to analysts expectations of a 2 million barrel build.

Nymex crude prices are attempting to rally this morning in Asia with the May contract up around $106.50 after closing yesterday at $106.07. The contract fell back from highs of $108.37 early yesterday as the EUR/USD and equities were driven lower following a collapse in the AUD/USD on comments from BHP that demand for Australian […]

Nymex crude prices picked up again yesterday extending Friday’s gains as equities rallied and the dollar weakened in a run of stop hunting, that led a sharp recovery in EUR/USD. On going concerns over supply disruption of oil from Iran is also favouring higher prices.

Nymex crude prices for May delivery are holding firm in Asia this morning in consolidation of Friday’s sharp rally provoked by poor US CPI data and some profit taking as the dollar took a beating into the close. The move was also heightened by traders seeing high fuel demand as Saudi Arabian crude output rises.

April Nymex WTI crude prices have been consolidating around $105.50 in Asia this morning as the market seeks fresh direction. Yesterday’s trading was a mixed bag with the contract constrained between $105.00 and $106.15 in Europe but then collapsed to $103.78 on talk that the US and UK had agreed to release some strategic reserves.

Nymex crude prices are firming this morning in Asia having hit one week lows in NY of $105.12. The weekly EIA inventory release yesterday showed a build in crude stocks of 1.75 million barrels which was roughly inline with analyst expectations and brought total crude storage to around 347 million barrels.