Crude oil prices remain well supported, despite US dollar strength especially against the Euro in the light of the downgrade to Ireland’s credit rating to double AA, with a negative outlook, from double AA plus. This is the second cut in three months and comes...
Home » Posts tagged "spot oil price"
Daily Oil Prices – Oil Price Chart 19th May 2009
Yesterday’s rally in crude oil prices which saw the daily oil price gain 5% and closed the day at $59.69, a $2.62 gain on the day, was the result of a variety of factors. First on a day largely bereft of any meaningful fundamental news...
Daily Oil Prices – Oil Price Chart 15th May 2009
Owing to technical problems, namely no internet connection I have combined 2 day’s worth of commentaries for you. Commentary for Thursday 14th May 2009: Following better than expected crude oil inventories which under normal circumstances would be seen as having a bullish impact, crude oil...
Daily Oil Prices – Trade Spot Oil WTI Chart 11th May 2009
Last week crude oil prices broke through the $58 per barrel price point on renewed hopes that the global economy was on the mend. This growing optimism was reinforced by Friday’s non farm payroll data which in coming in marginally better than expected helped to...
Daily Oil Prices – WTI Oil Price Chart 8th May 2009
Crude oil prices enjoyed a lively day initially moving up sharply on the back of a weaker US dollar which followed the ECB interest rate decision and subsequent press conference touching an intra day high of $58.57 but fell back once equity markets stalled. All...
Daily Oil Prices – WTI Oil Price Chart 7th May 2009
Yesterday crude oil prices moved sharply higher supported by soaring equity markets and a bullish EIA report which showed that there had been a dramatic decline in the oil inventory stockpiles, with the figure coming in at +600k barrels as opposed to a forecast of...
Daily Oil Prices – WTI Oil Future Price 4th May 2009
Crude oil prices moved sharply higher on Friday, in line with my own bullish view, gaining $1.89 or 4% with the rally even reaching an intra day high of $53.64, a price not seen since 3rd April. Friday’s move in daily oil prices seemed generally...
Daily Oil Prices – WTI Oil Price Chart 1st May 2009
Crude oil prices yesterday mirrored the ebb and flow of equity markets as daily oil prices initially climbed with stock markets but then fell back in tandem as stocks failed to hold onto early gains. The price of oil was also dented by some Dollar...
Daily Oil Prices – Trade Spot Oil 30th April 2009
Yesterday’s EIA report showed a surprisingly large draw in gasoline stocks which counterbalanced another sizable build in crude oil supplies even pencilling in a bigger than expected increase. So once again it was left to a strong advance in the equity markets and additional weakening...
Oil Stats for 29th April 2009
DOE: US Crude Oil +4.1M Bbls DOE: US Gasoline -4.7M Bbls DOE: US Distillate +1.8M Bbls DOE: US Refinery Capacity at 82.7%
