Tag Archives: Crude Oil

Nymex crude prices continue to strengthen following the approval of the bailout package for Greece. Asian markets this morning have also helped up well despite some uncertainties arising over the debt deal, but concerns over Middle East tensions and a generally firmer commodity sector are generally helping to underpin the April WTI contract.

Nymex crude prices were predictably steady yesterday as the market awaited news from the EU/Greece debt deal. April WTI gapped up from Friday’s close to open around $104.35 yesterday and moved higher to $105.78 in thin electronic trading as the Nymex exchange was closed due to the President’s Day holiday in the US.

Nymex crude prices crept higher yesterday and have consolidated gains overnight in Asia as risk appetite returns on hopes that the Greek bailout will be agreed by the EU on Monday.

Nymex crude prices continue to build higher with the March US WTI contract holding firmly above the $100 level for a third consecutive close. Asian markets have seen some slippage this morning as the EUR/USD and equity markets slip back on Greek concerns, dovish FOMC minutes last night, and this morning announcement that Moody’s was […]

Oil futures held onto early gains Wednesday after a government report showed a small decline in U.S. crude stockpiles. Light, sweet crude for March delivery rose 64 cents, or 0.7%, to $101.38 a barrel on the New York Mercantile Exchange.

Nymex WTI crude prices have leapt higher in Asia this morning on the back of improved risk appetite following comments from China PBOC’s Zhou who pledged support for the EU by increasing its holdings in Euro and expanding investment in Europe.

Nymex WTI crude prices are holding firm this morning In Asia after picking up yesterday as a technical glitch forced the Globex to shutdown which prompted traders to switch to the Nymex.

Nymex WTI crude prices are edging higher this morning in tandem with the rise in the EUR/USD following the passing of the Greek austerity measures in parliament overnight. The March contract closed in NY on Friday at $98.67 after lows of $97.32 and has risen to $99.65 in Asia this morning.

Crude oil prices were generally firmer yesterday as WTI gained on hopes that the Greek bailout saga was finally coming to conclusion and the ICE Brent contract on increasing tensions in the Middle East.

Crude-oil futures rose Thursday after Greece agreed to an austerity package that would reduce concerns about the euro zone’s debt crisis. Crude prices were also helped by positive developments in the U.S., where a drop in weekly jobless claims boosted hopes that the economy of the world’s biggest oil consumer was on a recovery path.

Nymex crude prices are continuing to orbit around the $99.00 level with the March contract treading water ahead of a decision from Greece on the debt deal. Yesterday’s EIA weekly inventory report showed a much smaller than expected build in inventories for the latest reporting week but this failed to stop prices slipping from highs […]