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Crude Oil Down $2 For Trading Week

Crude Oil Futures---Crude oil futures settled last Friday in New York at 47.66 a barrel while currently trading at 45.55 down about $2 for the trading week still trading under their 20 and 100 day moving average as prices are looking to retest the May 5th ... read more
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Crude Oil Price Gets Momentary Boost Following EIA Inventory Report

U.S. commercial crude ... down about 10%. Chevron Corp. (NYSE: CVX) traded down about 0.4%, at $106.09 in a 52-week range of $97.53 to $119.00. As of last night’s close, Chevron shares have added about 3.2% over the past 12 months. The United States Oil ... read more

Crude Oil - Clues From Market Structure After A Rough Week

On May 5, the price of crude oil fell to the lowest level since November 2016 when the price of the June futures contract hit $43.76 per barrel. Nearby NYMEX crude oil futures had been trading ... down or neutral call on these markets for the coming week ... read more

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Crude oil trading outlook: futures set for seventh weekly loss on supply glut, demand prospects

West Texas Intermediate and Brent crude ... at $50.85, down 0.22% on the day. Prices ranged between $51.44 and $50.82. The contract slid 0.37% yesterday to $50.96, narrowing its premium to WTI to $2.17. The gap narrowed to $1.87 on Friday. Oil prices ... read more

Venezuelan’s Petroleos sells crude oil for $43.15, down $2.72 this week

CARACAS: Venezuela’s oil basket price fell to within ... the average price of Venezuelan crude sold by Petroleos de Venezuela S.A. (PDVSA) was $43.15, down $2.72 from the previous week’s $45.87. WTI in New York averaged $45.57 — down $2.59 ... read more

Oil plunges 5 percent on disappointment with OPEC cuts

Brent crude oil LCOc1 settled down $ ... ended at $2.46 lower, or 4.8 percent, at $48.90 a barrel, breaking below $50 for the first time all week. It was the biggest percentage decline for both benchmarks since March 8th. Since then, trading has been ... read more

Crude oil tumbles $2 in Friday trading as Texas loses dozens more rigs

West Texas Intermediate crude ... $2 in trading Friday finishing at $44.84 a barrel. While WTI hovers near its lowest point year-to-date, the Energy Information Administration predicts that rising crude oil inventories will continue to force prices down ... read more

Oil settles down $2.05, or 4.4 pct, after smaller-than-expected US drawdown

Oil prices fell more than 3 percent on Wednesday, extending losses and hitting session lows, after the U.S. government reported a smaller-than-expected crude inventory draw for last week. Crude inventories ... futures settled down $2.05, or 4.4 percent ... read more

Crude Oil Futures decline further.

Crude Oil Futures ... The futures, down 22% this year, fell 9.4% this week, the biggest decline since the week ended Jan. 20. July $2.75 calls, bets that prices will rise, were the most active options in electronic trading on the exchange. read more

Crude Falls for Third Week as Glut Persists After OPEC Cuts

Futures fluctuated in New York on June 9, trading at ... Prices are down 3.6% during the week of June 5. The global benchmark crude traded at a premium of $2.08 to WTI for August. Libya resumed production at the Sharara oil field, the nation’s biggest ... read more


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