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Crude Oil News – 7th April 2009

According to a number of analysts US crude oil stocks are expected to rise for a 5th straight week.  The numbers which are collated by the EIA (Energy Information Administration) and covers the week ending 3rd April are due for release on Wednesday at 10.30...

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Daily Oil Prices – Oil Chart 6th April 2009

WTI crude oil closed marginally higher on the week buoyed by the G20 sentiment, but from a technical perspective Friday’s candle ended on an indecisive tone with a long legged doji which taken on its own may suggest a short term reversal in daily oil...

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Oil Futures – WTI & Brent 2nd April 2009

As expected the bulk of yesterday’s downward pressure in oil futures was provided by the weekly EIA stats with the total supplies establishing another 15 year high. Although crude inventories were not far off the consensus, the impact from surprise increases in distillates and gasoline...

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Daily Oil Prices – 30th March 2009

Friday’s sharp decline in crude oil prices was hardly surprising given the twin weak fundamentals of slow global demand and oil stocks at more than a 15 year high’s.  The move was not helped by a strengthening of the US dollar and later on, a...

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