Commercial crude stocks in Cushing, Oklahoma, the delivery point for the NYMEX crude contract, dropped for the third consecutive week, hitting its lowest level yet in 2013, US Energy Information Administration data showed Wednesday. ...
Tags: Metallurgy, Mineral, Energy, oil
Oil futures accelerated a bullish climb shortly ahead of the 2:30 p.m. EDT (1830 GMT) NYMEX market settle to close Thursday sharply higher amid rising equities and a weaker dollar. ICE July Brent expired up 76 cents at $104.25/b, after ...
Tags: Oil Futures, Chemicals
NYMEX parent CME Group will likely implement additional quality specifications on its light sweet crude futures starting with the January 2014 contract, a member of the Crude Oil Quality Association's board said Thursday. CME plans to ...
Tags: Metallurgy, Mineral, Energy, Petroleum
Crude futures diverged late in the US trading day Wednesday, as the front-month ICE Brent contract slid from a session high of $104.07/b to a low of $102.85/b in a little over 40 minutes. ICE July Brent settled 20 cents lower at ...
Tags: Crude Markets, Chemicals, Brent
NYMEX July crude settled $1.48 higher at $93.45/barrel Monday, largely holding to overnight gains following better-than-expected eurozone manufacturing data. Weak US manufacturing data put downward pressure on the US dollar, which ...
Tags: Oil Complex, Us Dollar
The oil complex pushed sharply lower late in US trade Friday, extending an overnight selloff prompted by a stronger dollar, lower equities markets and OPEC's decision to roll over its 30 million b/d output target following Friday's meeting ...
Tags: Metallurgy, Mineral, Energy, Oil
Crude futures fell to fresh lows immediately ahead of the 2:30 p.m. EDT (1830 GMT) market settle Wednesday, as the oil complex extended an overnight selloff in US trading after equity markets slid throughout the the session. NYMEX July ...
Tags: Metallurgy, Mineral, Energy, oil
Petroleum futures were slightly bearish Monday, with ICE July Brent settling 2 cents lower at $102.62/barrel. Volumes were low and markets rangebound for the most part because of holidays on both sides of the Atlantic. Electronic trading ...
Jet fuel differentials firmed to end a week that saw production and demand exactly matched in the US, just not in the Chicago market, with its world-high outright prices. Platts assessed Chicago unchanged at NYMEX June heating oil futures ...
Tags: Metallurgy, Mineral, Energy, Chemicals
A US commodity trading house has filed a class-action lawsuit in New York against BP, Shell and Statoil, the three European oil companies being investigated by the European Commission for suspected manipulation of oil prices. The oil ...
Tags: Chemicals, Metallurgy, Mineral, Energy
The NYMEX June natural gas futures contract remained in modestly positive territory midday Thursday after the US Energy Information Administration released a storage report that most market players deemed neutral. As of 12:30 p.m. EDT ...
Continuing speculation about the future of the US Federal Reserve's asset-purchasing program in the wake of congressional testimony by Chairman Ben Bernanke sent the dollar sharply higher Wednesday, and augmented downward pressure on the ...
Tags: NYMEX Crude, Chemicals
The rapid pace of new US crude production has traders scrambling to assess constantly moving crude differentials as supporting infrastructure grows and changes the dynamics. Not long ago, there was too much crude in Cushing, Oklahoma, the ...
Tags: US Debottlenecking, Chemicals
Oil futures closed out the week in higher territory Friday, boosted by a strong equities performance even as the US Dollar Index climbed to a 34-month high. NYMEX June crude settled 86 cents higher at $96.02/b, after ranging from a low of ...
Tags: Oil Futures, Strong Equities
Total 2012 marketed natural gas volumes in the US are roughly flat with 2011 levels, according to a Platts analysis of the Federal Energy Regulatory Commission's Form 552 data. As of Friday, gas marketers reported 125,723 trillion Btu of ...
Tags: Natural Gas, Chemicals