Crude Oil Futures to Average $86 a Barrel in 2011, $100 in 2012, CIBC Says
Crude oil prices are likely to rise to an average $86 a barrel next year and $100 in 2012 as demand increases, CIBC World Markets commodities strategist Katherine Spector said.
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Crude Oil Price Falls as European Debt Concern, Korean Strife Boost Dollar
Oil fell for a fourth day in New York amid speculation that Europe’s debt crisis will spread and crimp economic growth, while an industry-funded report showed U.S. crude inventories gained last week.
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Crude oil slides under $87
NEW YORK, Nov. 9 (UPI) — The price of crude oil slid under $87 per barrel in New York Tuesday as a cautious mood on Wall Street pushed stock markets lower.
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Crude palm oil futures rise on good spot demand
Crude palm oil futures prices gained Rs 8.60 to Rs 449.10 per 10 kg in today, as speculators enlarged their positions on expectations of a rise in demand in the spot market during festival and marriage season.
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Crude Oil Fails to Break Resistance, Gold Slides on Traders Lock in Gains
Commentary: Crude oil is lower in the overnight session as traders continue to take profits after a blistering run from the low-$70’s. The push-pull dynamic between a bullish global economic outlook and ample supplies continues.
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Crude Oil to Stay Below $84 on Bollinger Band Hurdle: Technical Analysis
Oil will remain below $84 a barrel in New York this week because of chart resistance marked by a Bollinger Band, according to Cameron Hanover Inc.
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Crude Oil Gains Ahead of Inventory Report, Gold Surges on Sinking Dollar
A shut down of the Houston Ship channel gave crude oil a bit of bid on a day of profit taking in U.S. equity markets. Gold fell the most since late August, but silver fell even more, sending the gold/silver ratio notably higher.
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Oil rises to US$81.58 amid mixed economic news, crude demand and weak dollar
NEW YORK, N.Y. – Oil prices rose Friday on mixed global economic news from China and the United States. A weaker U.S. dollar also played a role.
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West Texas Crude Losing Status as Global Benchmark for Oil: Energy Markets
The shutdown of a U.S. oil pipeline that caused prices to fluctuate twice as much as in Europe is adding to concern that the benchmark contract for crude is failing to reflect supply and demand for energy.
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Futures Movers: Crude oil drops; key pipeline may reopen
Crude oil prices drop nearly 2%, weighed down by expectations that Enbridge Energy Partner’s pipeline from Canada is set to reopen as early as tomorrow.
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