Tag Archives: WTI crude

Oil drops to lowest level in over a year as Greek default concerns continue

Posted on October 3, 2011 by Cameron White

Oil prices sank to their lowest level in more than a year today on continued concerns over the Greek default situation which has lead to slowdown in economies worldwide and a drop in fuel consumption.

WTI Crude fell by over …

Posted in Commodities, Main Post | Tagged barrel, commodities, economic growth, economists, euro, european financial stability facility, expected, forecasted, government, Greece, Greek, index, Jason Schenker, Oil, president, prestige economists, report, supply, U.S. Factory, WTI crude | Comments Off

Oil prices rise as economy appears better than we expected

Posted on September 29, 2011 by pmarek

Oil gained over 2 percent on Thursday after improved economic news from the U.S. and Europe was released.

Two reports from the U.S. showed encouraging signs that the economy is doing better than we expected. The first was from the …

Posted in Commodities, Main Post | Tagged bailout funds, Bank, barrel, benefits, bonds, China Petroleum, Commerce Department, credit lines, economy, european debt crisis, euros, growth, Labor Department, market, NYSE:RDS-A, NYSE:SNP, NYSE:TOT, Oil, policy makers, RDS-A, recapitalization, Royal Dutch Shell, SNP Total, TOT, trades, unemployment, WTI crude | Comments Off

Oil tanks on euro debt concerns and increased U.S. stockpiles

Posted on September 28, 2011 by pmarek

Oil has dropped by more than 3.4 percent today as crude supply’s rise in the U.S. and concerns that Europe’s debt crisis will not be done away with anytime soon weight on investors minds.

According to a weekly report by …

Posted in Commodities, Main Post | Tagged AMEX, AMEX:GST, AMEX:IMO, Analysts, Angela Merkel, Athens, bailout, barrels, Chancelor, commodities, concerns, crisis, crude, debt crisis, Energy Information Administration, Europe, European Central Bank, European Commision, funds, Gastar Exploration, Germany, Greece, GST, IMO, Imperial Oil, International Monetary Fund, investors, NYSE, NYSE:SU, Oil, oil and gas, sector, spread, stockpiles, SU, Suncor Energy, supply, WTI crude | Comments Off

Oil soars on hope of Europe containing debt crisis

Posted on September 27, 2011 by pmarek

Oil is trading more than 4.5 percent higher today as investors speculate that European leaders are nearing a plan that will see the regions debt crisis contained.

The hopes are that Greece will receive the next round of bailout funds …

Posted in Commodities, Main Post | Tagged Angela Merkel, bailout, confidence, debt crisis, defaults, demand, economy, Energy, european leaders, funds, Germany, Greece, greek bonds, HES, Hess, IMO, Imperial Oil, investments, investors, markets, NYSE:HES, NYSE:IMO, NYSE:SU, Oil, plan, policy makers, recession, speculate, SU, Suncor Energy, trading, WTI crude | Comments Off

Oil slips as investors speculate drop in global demand

Posted on September 23, 2011 by pmarek

Oil is trading lower for a third consecutive day on more concerns that the global economy will slowdown and reduce the demand for oil equivalents.

The U.S. and European economy has been a focal point for investors recently. Debt problems …

Posted in Commodities, Main Post | Tagged Analysts, banks, barrel, business, Central Bank, concerns, consumers, credit, debt, default, demand, downgraded, economists, economy, euro zone, European, Fed, Federal Reserve, global, Greece, greek bonds, interest rates, investors, Moody's, mortgages, Oil, Securities, slowdown, trading, Treasuries, U.S., WTI crude | Comments Off

Oil tanks 6 percent on bleak economic outlook

Posted on September 22, 2011 by pmarek

Oil prices have tanked by more than 6 percent today following the a negative outlook on the economy from some of the world’s top officials.

The drop comes after an announcement by the Fed on Wednesday stated that the central …

Posted in Commodities, Main Post | Tagged barrel, bleak, Central Bank, consumers, credit, decliners, Dow, economists, economy, euro, European Union, Fed, government, growing, HES, Hess Corp, interest rates, investors, markets, mortgages, NASDAQ:PETD, NASDAQ:SU, NYSE:HES, officials, Oil, oil and gas, outlook, PETD, Petroleum Development, prices, sector, secutiris, stimulus pacage, SU, Suncor Energy, Treasuries, WTI crude | Comments Off

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