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Posts related to ‘crude oil prices’

Oil Tanker

OPEC Maintains Lower Demand Forecast; Oil Futures Dive

Posted: May 10, 2013 at 8:55 am

The Organization of Petroleum Exporting Countries (OPEC) released its May Oil Market Report this morning. The cartel did not materially change its forecast for global demand growth of 800,000 barrels ...
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Oil refinery

Crude Oil Futures Prices Sag Following Inventory Report

Posted: May 8, 2013 at 10:55 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 200,000 barrels last week, bringing the total U.S. commercial crude ...
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Oil price fall graphic

Why Gasoline Prices Just Cannot Rise from Here

Posted: May 1, 2013 at 12:15 pm

Today’s report on U.S. crude oil and gasoline inventories underscores a story we have been trying to tell for several weeks now: crude oil and gasoline prices have nowhere to ...
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gas sign

Crude Oil, Gasoline Prices Set Up for Sharp Drop

Posted: April 29, 2013 at 11:30 am

Since early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of ...
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Oil price fall graphic

Crude Oil Could Fall Below $90 Real Soon Now

Posted: April 12, 2013 at 1:13 pm

The spot price for WTI crude briefly fell to $90.27 this morning and still trades well below yesterday’s closing price of $93.51. The AAA Daily Fuel Gauge reports that the ...
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gas sign

Ten States Where Gas Prices Are Plunging

Posted: April 4, 2013 at 6:55 am

March gasoline prices fell for the first time in 10 years. As of April 1, the price of gas had fallen in 29 of the previous 33 days. Nationally, gas ...
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Cyprus and the Price of Oil

Posted: March 25, 2013 at 11:30 am

The apparent resolution of the banking crisis in Cyprus has sent the price of WTI crude oil up more than 1.5% today, now above $95 a barrel. Brent crude is ...
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Gasoline pump

Slumping Oil Demand Brings Down Gasoline Prices

Posted: March 11, 2013 at 6:50 am

After a relentless two-month rise, gasoline prices have come down very modestly. The AAA Fuel Gauge report shows that the average price nationwide for a gallon of regular was $3.696 ...
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Crude Nears $100 a Barrel Again

Posted: February 19, 2013 at 7:00 am

Crude oil prices are approaching $100 again, a level where the commodity has not traded since the autumn. Blame a better economy in China and political problems in the Middle East, ...
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Oil price rise graphic

IEA Boosts Oil Demand Forecast

Posted: January 18, 2013 at 8:28 am

The International Energy Agency (IEA) raised its monthly forecast for crude oil demand growth in 2013 by 235,000 barrels a day, from a prior estimate of 865,000 barrels a day ...
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Oil price rise graphic

Good News on Economy Helps Lift Crude Oil Prices

Posted: January 17, 2013 at 2:22 pm

Crude oil futures topped $96 a barrel earlier today, the highest price since last September. Rising prices follow today’s reports on new jobless claims and new housing starts, both of ...
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Oil price fall graphic

Oil and Gas Outlook 2013: Costs Could Put Upward Pressure on Prices

Posted: January 4, 2013 at 10:34 am

Looking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets was certainly a contender, as was the huge ...
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Crude Prices Tumble More than 4.5%

Posted: November 7, 2012 at 3:06 pm

Yesterday’s election results did, indeed, have an affect on the price of crude today, but not enough to send WTI down nearly 5% shortly before the market closes. Or enough ...
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Electricity and the Price of Oil

Posted: November 2, 2012 at 11:02 am

WTI crude oil is trading down about 1.6% this morning at around $85.70 primarily due to the lack of demand for crude from two large refineries that were shut down ...
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Goldman Sachs: Crude Price Needs to Rise to Support New Drilling

Posted: October 19, 2012 at 1:35 pm

In a research note to customers, long-time oil bull Goldman Sachs now says that Brent crude prices will tumble to $105 a barrel by the end of next year and ...
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