This Week's Most Popular Oil News
- #1 Morning Crude Oil Market ReportJune crude Oil prices had a gap lower open Sunday night and trended lower throughout the initial morning hours. A number of factors seemed to contribute to the early weakness in the crude oil market including, talk that the US Fed could curtail their asset buying... read more...
- #2 Platts in Lockdown as Investigators Continue Oil ProbeEuropean anti-trust investigators searched the offices of price agency Platts and at least one major oil company for a third day on Thursday, hunting for evidence of possible price manipulation on oil markets, witnesses said. read more...
- #3 NYMEX Options Expiration Operational Procedures for the Trading Floor and Clearing Members (WCO, LO) Effective Thursday, May 16, 2013The expiration date for the June 2013 option contracts for the Western Canadian Select Crude (WCO) and Crude Oil Option (LO) is Thursday, May 16, 2013. FLOOR PROCEDURES All Floor Traders that carry on option position at the close of business on the day prior to the expiration day, or engaged in trading activity on Expiration Day in the expiring co read more...
- #4 Brent Crude Oil Market ReportJuly Brent Crude Oil trended higher throughout the session and broke out to a new six day high. Some of the support in the market might have come from a rebound in outside market sentiment and weakness in the US dollar.... read more...
- #5 Frances falls into recessionThe growing market concern over the weakening oil fundamental picture is continuing to pressure oil prices with the complex declining for the fourth trading session in a row.... read more...
- #6 Morning Crude Oil Market ReportJune Crude Oil prices experienced a choppy early morning trade that held within yesterday's inside day trading range. The outside market tone was seen as a supportive force during the initial morning hours, with better than expected April Chinese Trade data... read more...
- #7 Oil prices still on defensiveOil prices are drifting lowering in overnight trading as the bearish fundamental outlook continues to weigh on prices. Both Brent and WTI have declined for the last several trading sessions with both now back into a new lower trading range.... read more...
- #8 Morning Crude Oil Market ReportJune Crude Oil prices trended lower during the initial morning hours, under pressure from a weaker outside market tone and a defensive status across the commodity complex.... read more...
- #9 IEA Urges Swift U.S. Decision on Allowing Crude Oil ExportsThe head of the International Energy Agency urged the United States to decide quickly to allow crude exports, or the industry will find ways to get around restrictions. read more...
- #10 Morning Crude Oil Market ReportJune Crude Oil prices turned into positive territory ahead of the US opening, with further upside coming after yesterday's late day recovery.... read more...
