WTI Oil Falls to 7-Week Low on Italian Election Concerns
Bloomberg reported that West Texas Intermediate oil fell to a 7-week low as initial election data in Italy increased concerns that the euro-zone crisis may worsen.Continue reading...
View ArticleOil Falls on US Inventory Increase
Bloomberg reported that West Texas Intermediate oil dropped for the fourth time in 5 days after data showed an increase in US inventories, higher than last week’s forecast.Continue reading...
View ArticleWTI Oil Advances on US Jobs Data
Bloomberg reported that West Texas Intermediate oil advanced after positive jobs data gave a boost to the US economy.Continue reading...
View ArticleWTI Oil Trades Near Highest in 2 Weeks, OPEC Boosts Shipments
Bloomberg reported that West Texas Intermediate oil has traded near highest since the first of March and is headed for a second advance in 2 weeks. The Organization of Petroleum Exporting Countries...
View ArticleWTI Advances to One Month High on Cyprus Bank Tax
West Texas Intermediate crude rose to the highest level in almost a month as policy makers indicated flexibility on the application of a new bank tax in Cyprus.Continue reading...
View ArticleOil Slides After Parliament Rejects Cyprus Bank Tax
Bloomberg reported that West Texas Intermediate oil fell after the Cyprus bank deposit tax was rejected, increasing concern that the debt crisis in Europe will worsen.Continue reading...
View ArticleWTI Crude Advances as Stocks Rally
Bloomberg reported that West Texas Intermediate crude gained as US stocks surged after data showed factory orders in the US exceeded forecast, signaling positive economic growth and higher fuel...
View ArticleOil Prices Settle Lower on IEA Forecast
Reuters reported that the International Energy Agency (IEA) lowered its forecast for oil demand growth for the 3rd month in a row, causing Brent prices to decline more sharply than US crude.Continue...
View ArticleOil Options Volatility Lowest in 2 Weeks, Futures Advance
Bloomberg reported that crude oil options declined to a 2-week low at 20.58% as futures advanced on better-than-expected US jobless claims.Continue reading...
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