Bloomberg reports that U.S. crude-oil supplies probably dropped to their lowest level in three months as refinery demand increased with the end of seasonal maintenance.
Continue reading "Oil Supply Drops in Survey as U.S. Refinery Demand Climbs"
Wednesday, November 17, 2010
Bloomberg reports that Oil rose, rebounding from a four- week low.
Continue reading "Oil Rebounds From Four-Week Low"
Wednesday, October 27, 2010
Seekingalpha.com reports that oil fell below $82 a barrel owing the reports suggesting bigger-than-expected gain in US crude inventories.
Continue reading "Crude Prices Sag"
Friday, September 25, 2009
If bearish sentiment continues for a bit, expect to see a potential break below support levels around $67.35. Further declines in shipping rates due to reduced Chinese demand can be expected to continue, highlighted by expectations for a 50 per cent drop in freight rates in the next four months.
Continue reading "Buyers To Buy If Prices Weaken"
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Tuesday, November 23, 2010