Search Results for: crude prices
Brent Oil Drifts Below $102 on U.S. Inventories
September 5th, 2014
Oil fell on Thursday, with a surprise rate cut from the European Central Bank boosting the dollar and hitting commodities priced in the U.S. currency. Losses were limited by a drop in crude oil inventories in the United States, ...
OSB Daily Technical Analysis – Commodities
September 5th, 2014
OSB Daily Technical Analysis for September 5, 2014 Gold attempted to move higher on Thursday but got stuck in its tracks as the dollar strengthened with the correlation being too strong to ignore. Gold is looking weak and likely ...
West TX Oil Surges Back to $96 on Data
September 4th, 2014
Crude oil prices climbed by more than $2 a barrel on both sides of the Atlantic on Wednesday, as oil markets bounced off multi month lows hit in the previous session. Prospects for peace between Ukraine and Russia, as ...
OSB Daily Technical Analysis – Commodities
September 4th, 2014
OSB Daily Technical Analysis for September 4, 2014 Gold traded in the 1260 area on Wednesday ending the day on a positive note after the previous days large losses. A move above 1275 and back within the recent range ...
Brent Oil Drops to $100 on Demand Woes
September 3rd, 2014
Brent crude fell to its lowest level in 15 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pressured U.S. oil prices. Oil prices on ...
Shell CEO says U.S. should export oil to stabilize global markets
September 3rd, 2014
U.S. policymakers should gradually lift the country’s decades-old ban on crude oil exports because allowing the shipments would make the global energy system and fuel prices more stable, the head of Royal Dutch Shell Plc (RDSa.L) said on Tuesday. ...
OSB Daily Technical Analysis – Commodities
September 3rd, 2014
OSB Daily Technical Analysis for September 3, 2014 Gold – Gold broke down on Tuesday with a close below its short term range and support at 1275. With that in mind Gold looks like it is heading lower as ...
OSB Daily Technical Analysis – Commodities
September 2nd, 2014
OSB Daily Technical Analysis for September 2nd, 2014 Gold- Low trading volume day on Monday for Gold. More of the same and range bound action without much impetus to head higher or lower. Silver- Sideways trading within a tight ...
OSB Daily Technical Analysis – Commodities
September 1st, 2014
OSB Daily Technical Analysis for September 1st, 2014 Gold – Lower prices for Gold intraday with support just above the previous day’s lows. This market appears range bound for the medium term without much direction. Medium term trading range is ...
A New American Oil Bonanza
August 29th, 2014
The United States now accounts for 10% of the world’s oil production. As it sharply curtails imports from countries like Angola and Nigeria, those producers are then compelled to sell their oil to China and other Asian markets at ...
