OIL PRICES: Crude, Heating Oils | Gasoline | Natural Gas
Brent steady at $106 as economy worry lingers
Brent crude futures held steady at $106 a barrel on Friday, but was on track for a fourth weekly loss and the longest losing streak since early 2010, as investors were jittery over signs of slowing global economic growth blunting oil demand.
8:42 am | Reuters
China – Myanmar Power Deal
China will encourage its enterprises to discuss co-operation on upgrading Myanmar's power grid in order to help ease power shortages in the country, a Chinese Foreign Ministry spokesman said here Thursday. Foreign Ministry spokesman Hong Lei made the remarks at a routine press conference.
By Shayne Heffernan | 8:30 am | LiveTradingNews
Oil up as Iran talks extended, eyes weak data
Crude oil futures rose on Thursday, rebounding from the previous session's slump as investors fretted again about potential disruptions to Mideast oil supplies after talks between world powers and Iran over its nuclear program ended in Baghdad without an agreement.
8:59 pm | Reuters
Morning Natural Gas Market Report
July natural gas showed positive price during yesterday's session but remained inside of a short term range. Expectations for this morning's EIA storage report are for an injection in the range of 75 to 80 bcf. This compares to last year's injection of 101 bcf and the five-year average of 97 bcf.
3:18 pm | CME Group
Morning Heating Oil Market Report
July heating oil prices registered a new low for the decline overnight but turned higher into the US trading session. The early morning reversal action comes from a rebound in outside markets and rebound in Brent crude oil.
3:17 pm | CME Group
Morning Gasoline Market Report
July RBOB prices fell to their lowest level since January 3rd during the early morning hours, but they managed to reverse to positive on the session. It is possible that the gasoline market is having a delayed reaction to yesterday's EIA inventory data that showed the 14th weekly inventory decline. Last week's draw of 3.299 million barrels was considerably larger than expectations.
3:16 pm | CME Group
Morning Crude Oil Market Report
July crude oil prices rebounded from overnight losses during the initial morning hours. The latest read on Chinese PMI showed further contraction and a separate reading on German business conditions registered its first monthly decline in seven months.
3:14 pm | CME Group
Nebraska Landowners Sue Governor Over Keystone XL Pipeline Constitutionality
The national debate on the Keystone XL pipeline enters the courtroom, as Nebraska landowners sue their state over how the pipeline project could be approved.
By Pierre Bertrand | May 23 | IBTimes
US Gas Prices Fall With Crude, But Still Too High: Oil Trade Group
The American Petroleum Institute has again called on Washington to increase domestic production of oil on both federal and public lands, to help consumers by bringing gasoline prices down even further.
By Pierre Bertrand | May 23 | IBTimes
Oil falls on potential Iran deal, economy concerns
Oil fell on Wednesday as signs of a looming deal between Iran and the U.N. nuclear watchdog eased fears of a supply disruption, while the euro zone debt crisis and a slowing Chinese economy raised worries over demand. A U.S. Energy Information Administration (EIA) weekly report showing U.S.
May 23 | Reuters
Morning Crude Oil Market Report
July crude oil prices trended lower throughout the overnight and early morning trading hours, falling to their lowest level since November 1st. Some traders indicated that weakness in the market came from mounting fears regarding the European debt situation and economic growth concerns.
May 23 | CME Group
Morning Heating Oil Market Report
The US distillate supply situation comes in to the spotlight this morning for July heating oil, with the EIA inventory report expected to show a draw in the range of 500,000 barrels. Into this morning's report, distillate inventories have experienced six weekly draw downs and sit nearly 11% below their five year average.
May 23 | CME Group
