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Oil Settles at Two-week Highs

On February 22, 2018 - 3:39 PM By

[George Orwel, DTN] New York Mercantile Exchange spot-month oil futures settled at two-week highs Thursday afternoon, rallying across the board following the release of bullish data from the U.S. Energy Information Administration. The data showed an unexpected stock draw for crude, with the upside also lent support by a rally for equities. “This was an […]

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[Mike McGinnis, Agriculture.com] On Wednesday, the CME Group’s farm markets end slightly higher. At the close, the March corn futures finished 1/4¢ higher at $3.67. May futures finished even at $3.74. March soybean futures closed 5 1/2¢ higher at $10.17 1/4.  May soybean futures settled 5 1/2¢ higher at $10.27 3/4. March wheat futures closed […]

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[Eric Thomas, The Talking Democrat] Oil quoted in London and New York saw its biggest weekly fall in two years on Friday, the volatility on Wall Street and a US production at historical levels having broken the bullish momentum in the past five months. A barrel of light sweet crude (WTI) for March delivery, the […]

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[TodayOnline] Oil fell for a third day on Tuesday as the U.S. dollar rose to its highest in more than a week in the wake of a sharp sell-off early this week on Wall Street and other stock markets. The crude market remains in positive territory for the year however, even after Wall Street stocks […]

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Oil Tumbles on EIA’s US Supply Outlook

On February 7, 2018 - 8:01 AM By

[George Orwell, DTN]  New York Mercantile Exchange spot-month oil futures ended lower for the third straight day Tuesday. This was due to concern over an outlook calling for higher U.S. crude oil supply and production, with investors also keeping a close eye on volatile equities trading and a stronger U.S. dollar. “Crude prices were weak […]

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Fear factor drives the price of oil lower

On February 6, 2018 - 11:21 AM By

[Daniel J. Graeber, UPI] Expectations of a build in oil and gasoline inventories and broad-based stock market concerns sent the price of oil into negative territory early Tuesday. Crude oil prices followed major stock indices lower on Monday in what wound up being one of the worst selloffs on the Dow. Markets in Asia followed […]

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[Bryan Sims, Reuters] Oil prices settled lower on Monday as rising U.S. output, a weaker physical market and recent dollar strength added to the pressure from a widespread decline across equities and commodities markets. Brent crude futures LCOc1 closed down 96 cents, or 1.4 percent, at $67.62 a barrel after hitting a session low of […]

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[Myra P. Saefong and Barbara Kollmeyer, MarketWatch] Oil prices ended higher Wednesday, buoyed by data from the Energy Information Administration showing strong U.S. demand for gasoline and distillates and declines in domestic supplies of the petroleum products, even as U.S. crude supplies climbed for the first time in 11 weeks. March West Texas Intermediate crude CLH8, +0.42%  rose […]

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[Myra P. Saefong, MarketWatch] Oil prices finished lower Tuesday, pulling back from three-year highs as traders awaited data due later this week on U.S. crude supplies and production. February West Texas Intermediate crude CLG8, -0.20%  fell 57 cents, or 0.9%, to settle at $63.73 a barrel On the New York Mercantile Exchange. Prices had settled Friday at $64.30, the highest […]

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[The Daily Star via Bloomberg] Oil hovered close to a 30-month high as civil unrest in Iran heightened concern about potential supply disruptions in OPEC’s third-biggest crude producer. Futures held above $60 a barrel in New York. In Iran, the death toll mounted amid some of the most violent clashes in years between security forces […]

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[West Central Tribune via The Washington Post] Oil dropped from a 30-month high after days of civil unrest in Iran failed to interrupt supplies from OPEC’s third-biggest crude producer. Futures declined 0.3 percent in New York. Even as the death toll mounted in Iran amid violent clashes between security forces and protesters, the nation’s petroleum […]

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[Meenal Vamburkar, Bloomberg] Oil settled close to a 30-month high after days of civil unrest in Iran failed to interrupt supplies from OPEC’s third-biggest crude producer. Futures declined 0.1 percent in New York. Even as the death toll mounted in Iran amid violent clashes between security forces and protesters, the nation’s petroleum exports have yet to be impacted, according to […]

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