Oil Blog

Oil Future News 2/2/06

Oil stocks mixed as futures fall
MarketWatch - USA
Oil futures climbed to a two-week high Wednesday only to close at the lowest level in a week and natural gas dropped from its highest price in a month to ...

Oil futures fall by more than $1 as supplies stay high
Houston Chronicle - United States
WASHINGTON - Crude oil futures prices fell by more than $1 a barrel Wednesday after the US government released data showing crude oil and gasoline supplies on ...

DJ OIL FUTURES: Nymex Oil Ends Under $65 As Iran Fears Ease
TMCnet - USA
Crude oil futures plunged nearly $2 and slid below the psychologically important $65 a barrel level Thursday as fears of a possible disruption in Iranian oil ...

Oil futures drop - so stocks go up
Philadelphia Inquirer - Philadelphia,PA,USA
NEW YORK - Stocks rallied yesterday after oil futures fell more than $1 a barrel and Dow component Boeing Co. said its earnings had more than doubled. ...

UPDATE 3-CFTC says ICE can list US oil futures
Reuters - USA
... "So (ICE) can certainly start trading that (oil) contract tomorrow ... to allow Atlanta-based ICE to launch a West Texas Intermediate crude futures contract Friday ...

Oil futures, Boeing earnings give stocks a lift
Asbury Park Press - Asbury Park,NJ,USA
Stocks rallied Wednesday after oil futures fell by more than $1 a barrel and Dow Jones industrial Boeing Co. said its earnings had more than doubled. ...

Murphy Oil reports strong profits as crude oil near $70 a barrel
Arkansas News - Little Rock,AR,USA
... reported strong fourth-quarter and yearly profits Wednesday as crude oil futures rose to nearly $70 per barrel on concerns that political unrest in several ...

Oil Future News 1/17/06

US crude oil futures jump more than $2
Sydney Morning Herald - Sydney,New South Wales,Australia
US crude oil futures jumped more than $2 to end above $66 for the first time in 3-1/2 months on Tuesday. The surge was fuelled by ...

Wall Street outlook - US stocks futures clipped by rising oil ...
Middle East North Africa Financial Network - Amman,Jordan
... The move came as crude-oil futures surged as much as $1.61 a barrel to $65.53 in electronic trading amid unrest in Nigeria and concerns over Iran's resumption ...

DMCC to launch fuel oil futures in the first half
WAM - Emirates News Agency - Abu Dhabi,United Arab Emirates
... He said the DMCC has plans to participate in a major storage project in Jebel Ali. "DMCC's fuel oil futures contract will offer an efficient tool to East of ...

Futures, spot markets, foretell costlier oil
Pacific Business News - Honolulu,HI,USA
Oil could rise to $67 a barrel this year, if oil futures and spot market prices are predictive. But the Fed isn't sure they are. ...

Oil Future News 1/10/06

Crude oil futures rise on worries about Iran
Billings Gazette - MT, USA
... February Brent crude futures on London's ICE Futures exchange rose 49 cents to $62.50 a barrel. Heating oil was up less than half a cent to $1.7715 a gallon ...

NCDEX launches futures in groundnut oil
Sify - Taramani,Chennai,India
... The total volume of groundnut expeller oil futures (all contracts) and groundnut (in shell) futures (all contracts) was 1,315 tonnes and 3,820 tonnes ...

DJ OIL FUTURES: Crude Oil Slips As Products Weaken Further
TMCnet - USA
NEW YORK (Dow Jones)--Oil prices fell for a second straight day Tuesday as petroleum products continued to weaken. The sharp decline ...

Oil Future News 12/28/05

Oil rises ahead of supply data, OPEC
MSN Money - USA
... But OPEC was likely to decide to cut production in the second quarter of 2006 when it meets next month as officials say supply exceeds demand. ...

Iran wants Opec output cut in Jan
Economic Times - India
TEHRAN, LONDON: Opec heavyweight Iran thinks the oil cartel should cut its production ceiling by 1 million barrels per day when it meets on January 31, Iran ...

Oil rises ahead of supply data, OPEC
Reuters - USA
By Timothy Gardner. NEW YORK (Reuters) - Oil prices jumped on Wednesday as analysts forecast US crude and distillates supplies would ...

OPEC to Cut Output
123Jump.com - Miami Beach,FL,USA
However, rising oil prices narrowed the stocks' early boost, following Iran''s call for OPEC to consider a production cut. Crude ...

Iran Says OPEC Should Cut Production After Winter
Persian Journal - Iran
The Organization of Petroleum Exporting Countries, or OPEC, should cut oil output after winter to "keep prices stable", Hadi Nejad-Hosseinian, Iran's deputy ...

DJ Iran: OPEC Should Consider 1M B/D Cut At Jan Mtg-Paper-2-
TMCnet - USA
... Fars News Agency quoted Deputy Oil Minister For International Affairs Hadi-Nejad Husseinian as saying Iran would support a cut in OPEC's production ceiling at ...

Oil Rises Past $60 Amid Concern OPEC May Decide to Cut Output
Bloomberg - USA
29 (Bloomberg) -- Crude oil climbed past $60 a barrel in electronic trading in New York after Iran's deputy oil minister said OPEC should cut output next month ...

Iran favours OPEC crude output cut post winter
Reuters India - Mumbai,India
NEW DELHI (Reuters) - Iran favours an OPEC crude output cut after winter, an Iranian oil official said on Wednesday, adding that he expected crude prices to ...

Energy Prices Rise on Official‘s Remarks
Brocktown News - NV, USA
NEW YORK - Energy futures rose sharply on Wednesday after Iran ‘s oil minister said OPEC should consider cutting production next month. ...

Oil Future News 12/22/05

Futures edge up as oil prices rise
MarketWatch - USA
... MarketWatch) - US stock market futures edged higher Thursday ahead of what's expected to be a thinly traded session, with rising crude oil futures and a report ...

Futures flattish as oil rises, Albertson's slumps
Investor's Business Daily (subscription) - USA
... Thursday as consumer spending in November grew as expected with a slightly lower-than-forecast growth in personal income, while crude oil futures rose and ...
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Oil prices fall amid milder US weather
BusinessWeek - USA
DEC. 22 1:44 PM ET Natural-gas and heating-oil futures fell Thursday amid milder weather in the eastern half of the United States. ...

Oil Future News 12/15/05

Energy Futures Drop on US Winter Storm
ABC News - USA
... Similarly, front-month heating-oil futures traded at an intraday low of $1.5875 per gallon on Nov. 30, rising to $1.86 on Wednesday. ...

Energy futures slide as market shrugs off cold weather
BizNewOrleans.com - Metairie,LA,USA
... Crude oil futures prices ended lower on the New York Mercantile Exchange. The near-month contract for the benchmark grade fell 86 cents to $59.99 a barrel.

RPT - Oil futures end mixed after supply data
FXstreet.com - Barcelona,Spain
... January heating oil rose 1.1 cents to 1.8475 usd a gallon on the New York Mercantile Exchange. ... Crude futures gained 8 cents to 61.45 usd a barrel. ...

US Commodities: Gold Fails At $512/Oz; Ends Down
Business Online - London,UK
... Crude-oil futures in New York posted their biggest losses so far this week, settling below $60 a barrel Thursday amid a selloff in natural gas and heating oil. ...

Oil Future News 12/12/05

Crude Oil Futures Rise
Houston Chronicle - United States
... seems to be getting colder in the US," said Tetsu Emori, chief commodities strategist at Mitsui Bussan Futures in Tokyo. In recent weeks, oil prices have been ...

Crude oil futures rise as OPEC holds production steady
9NEWS.com - Denver,CO,USA
The cartel's oil ministers, meeting in Kuwait, say they'll maintain the present pumping levels, strengthening speculation that demand will grow as colder ...

Oil futures rise after OPEC holds production steady; heating oil ...
Canadian Business - Toronto,Ontario,Canada
... Nymex heating oil futures gained more than four cents to close at $1.7725 a gallon, while natural gas rose 52.9 cents to settle at $14.841 per 1,000 cubic feet ...

Possible oil deal, Google target hike lift futures
Investor's Business Daily (subscription) - USA
... Front-month crude oil futures moved higher, recently up 73 cents at $60.12 a barrel amid a meeting of the OPEC oil cartel as well as weekend explosions at a ...

Oil Future News 12/1/05

Crude oil futures fall despite US government reporting drops in ...
CBC News - Canada
... The region consumes three-quarters of the nation's heating oil and is the biggest global market for that type of fuel. Crude futures are 20 per cent below ...

US Stock Futures Rise as Oil Falls; Aeropostale Shares Gain
Bloomberg - USA
... Nasdaq-100 Index futures gained 10.50 to 1685.50. Crude-oil futures in New York fell 0.2 percent to $57.19 a barrel in New York. ...

Oil Future News 11/29/05

Update 9: Crude Oil Futures Fall
Forbes - USA
Crude oil futures fell Tuesday as unseasonably mild weather along the US East Coast spurred hopes that this year's Northern Hemisphere winter could be warmer ...

Crude oil futures edge lower
MarketWatch - USA
LONDON (MarketWatch) - Oil futures edged lower on Tuesday on concerns that warm weather may sap demand. Front-month crude was recently ...

RPT - Oil futures fall over 2 pct to close at one-week low
ForexTV.com - Glen Head,NY,USA
SAN FRANCISCO (AFX) - Crude-oil futures fell more than 2 pct Monday to close at a one-week low under 58 usd a barrel and other energy prices followed suit ...

Crude Oil Futures Fall
Herald News Daily - Williston,ND,USA
SINGAPORE - Crude oil futures fell Tuesday as unseasonably mild weather along the US East Coast spurred hopes that this winter could be warmer than expected ...

Polyester prices depressed by lower oil futures (Daily Report)
EmergingTextiles.com (subscription) - Sevigne,France
28 November 2005 - Crude oil prices were further down today in Asia, falling below US$58 per barrel. Mild weather and high inventories ...

US Stock-Index Futures Rise Before Consumer Confidence Report
Bloomberg - USA
... Nasdaq-100 Index futures added 1.5 to 1694. Oil producers Exxon Mobil Corp. and Chevron Corp. dropped in Europe as crude oil futures fell for a third day. ...

Oil Future News 11/28/05

Update 3: Crude Oil Futures Drop Below $58 a Barrel
Forbes - USA
Oil futures fell nearly a dollar, dropping below $58 a barrel, as forecasters predicted warmer weather early this week in the US Northeast, the world's largest ...

CPO to see sideways congestion
Malaysia Star - Malaysia
LAST week, the crude palm oil futures prices at the Bursa Malaysia Derivatives established fresh 11-week lows after being dampened by weak export figures and ...

Going nuts over bumper crop of coconuts crop
Financial Express - Bombay,India
... Even the First Commodities Exchange of India (FCEI) running the coconut oil futures market has not remained free of problems since it began operations on ...