Sentences with phrase «crude oil moved»

Crude Oil moved higher again last week as the uptrend made new highs following a push up from a pin bar signal on Tuesday.

Crude Oil moved higher last week following a small pin bar at 60.15 support last Wednesday, a scenario that we were looking for in our March 12th crude oil discussion.

Elsewhere look for Gold to continue lower while Crude Oil moves to the upside in the short run.

Not exact matches

CALGARY, Alberta, May 2 - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail to market amid a transportation bottleneck in the Western Canadian province, Alberta's energy minister said on Wednesday.

Although the oil price and the dollar have moved in tandem for the last few weeks, the two generally tend to trade in the opposite direction, as a stronger dollar encourages non-U.S. investors to sell oil and crude - importing countries to curtail their purchases.

This might eventually pressure crude prices, even though oil and the dollar have moved in tandem for a few weeks.

CNBC's Jackie DeAngelis reports on the moves in crude oil after Israel Prime Minister Benjamin Netanyahu's comments on Iran.

Railways, who added crude by rail capacity earlier this decade only to have the market vanish as pipeline space opened up, have been slow to move back in the oil transport business, asking producers to sign longer - term deals.

No customer is actively requesting CN move crude oil to the West Coast for export, spokesman Mark Hallman reiterated in an e-mail to Canadian Business.

The move comes after months - long protests by environmentalists and Native American groups in North Dakota against Energy Transfer Partners LP's $ 3.8 billion Dakota Access pipeline, which would bring crude oil from the state's Bakken oil patch through the Midwest and into the U.S. Gulf Coast.

It is being built by a Canadian company to help mostly Canadian and European oil companies move Canadian crude from Western Canada down to Texas.

The «Futures Now» team discusses the move in crude oil as it hits a 1 - month low, and where the commodity may head from here.

CNBC's Jackie DeAngelis reports the moves in crude prices as Iraqi forces gain ground in oil - rich territories.

CNBC's Jackie DeAngelis looks at the moves in the oil market today after Goldman Sachs gave a bullish call on crude.

In the last couple of months, oil has tended to move inversely to the dollar, as weakness in the currency makes it cheaper for non-U.S. investors in crude to buy and vice versa.

The transit costs of moving crude by rail from North Dakota across the country tips the balance in favor of foreign oil.

The red flags of an imminent U.S. embargo on Venezuelan crude are already apparent, according to an oil analyst, with ramifications of such a move likely to exacerbate an unprecedented economic meltdown.

A move to directly target Venezuela's oil industry would be a huge blow to Maduro's socialist administration, which is depending almost entirely on crude sales to try and decelerate a deepening economic crisis.

CNBC's Jackie DeAngelis covers what's moving oil prices after crude settled nearly 5 percent higher.

The Futures Now team discusses crude oil on the move, with Jim Iuorio, TJM Institutional Services, and Jeff Killburg, KKM Financial.

Activists in four states were arrested after they cut padlocks and chains and entered remote flow stations to turn off valves in an attempt to stop crude moving through lines that carry as much as 15 % of daily U.S. oil consumption.

Fertilizer prices usually move in tandem with crude oil, as rising energy prices usually increase production costs and freight rates.

If the marginal barrel is moving by pipeline, the difference between oil in Alberta and oil on the east coast is likely to be comparable to the shipping tolls on Energy East, and so running Canadian oil would not save refiners any money at all relative to running imported crude.

Furthermore, while the company does have another potentially significant growth opportunity on the horizon in its CA$ 20 billion ($ 15 billion) Frontier oil sands mining project, it appears to be a long shot of moving forward considering where crude is these days.

A second capacity expansion to move more Permian Basin crude oil to multiple markets has been launched by NuStar Energy Inc..

Over the past several years we have seen a few amazing moves in futures positioning in a number of commodities, such as e.g. in crude oil, where the by far largest speculative long positions in history have been amassed.

A lack of oil - moving infrastructure to handle the rising volumes of crude from western Canada put domestic oil on sale.

Mark Hallman, a spokesman for Canadian National, said the railway moved 5,000 carloads of crude oil to the United States from Canada in 2011, increased that amount to 30,000 carloads in 2012 and «believes it has the scope to double this business in 2013.»

The derailment and explosions, which took place around 1:15 a.m. on Saturday, underscored a debate in the effort to transport North America's oil across long distances: is it safer and less environmentally destructive to move huge quantities of crude oil by train or by pipeline?

Oil prices finish higher as IMF move threatens Venezuelan output Traders also weigh jump in U.S. crude supplies, risks to Iran dealAfter trading on a mixed note for much of Wednesday's session, oil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude productiOil prices finish higher as IMF move threatens Venezuelan output Traders also weigh jump in U.S. crude supplies, risks to Iran dealAfter trading on a mixed note for much of Wednesday's session, oil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude productioil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude production.

Their move to rail comes as the Obama administration continues to weigh an application for the Keystone XL pipeline, which would deliver synthetic crude oil and bitumen, an oil - containing substance, from Alberta to refineries on the Gulf Coast.

The completed pipeline would move roughly 830,000 barrels a day of heavy crude oil to U.S. Gulf Coast refineries.

On another note, crude oil also extended its recent bullish move, with the WTI contract rising above $ 65, for the first time since early February, helped by the surprise inventory draw in the US as well.

Domestically, he moved forward on introducing land and labour reforms, and with the drop in crude oil prices, he has been able to reduce fuel subsidies.

The crash in prices meant that shale drillers moved on to greener pastures, and most of them began looking for oil rather than gas because crude fetched $ 70 to $ 80 per barrel.

Related: From Oil To Arms: Saudis Move Away From Crude

National Bank analysts Travis Wood, Dan Payne and Brian Milne said in the note they were watching to see if more oil was moving out of Alberta and Saskatchewan on railway cars to clear out of the glut of crude in storage in Western Canada, which has weighed on domestic oil prices and producers.

KAMPALA, Uganda (AP)-- Uganda's government on Tuesday issued eight oil production licenses to two foreign companies, moving the East African country closer to becoming a producer of crude.

The move comes after the launch of crude oil futures in March, the first futures contracts listed on the mainland open to overseas investors.

Find out more about our growth projects — including crude oil and liquids pipelines, renewables, and natural gas pipelines and processing — that will help keep North Americans on the move.

Crude oil prices are clearly trading above their 20 and 100 - day moving average as this has now become one of the strongest trends in 2018 as I think this will start to support the precious metals and the agricultural market down the road.

This exact scenario was very likely in this Crude oil pin bar setup, and I know some traders who panicked when price moved against them.

The market was already moving upward on the back of this morning's EIA report, which reported a draw in crude oil inventories of 1.9 million barrels — the fourth draw in a week.

The ETF has been moving steadily higher for the past 4 1/2 months, as the price of crude oil has advanced about $ 14 per barrel.

Last week, Bill McCaffrey, chief executive of oil sands producer MEG Energy Corp., said his company is considering such exports as it becomes easier to move Canadian crude to Houston through expansions of the pipeline network.

Oil moved higher on drawdowns in U.S. oil and gasoline supplies, both positive for reducing crude suppliOil moved higher on drawdowns in U.S. oil and gasoline supplies, both positive for reducing crude supplioil and gasoline supplies, both positive for reducing crude supplies.

That would place further constraints on oil producers that have already faced steep discounts on their heavy crude as Canada's pipeline system nears capacity, forcing more barrels to move by rail.

According to President Buhari, «My administration's economic agenda has always been to move away from over reliance on crude oil and food importation.

And in the environmental impact statement, Pilgrim officials wrote: «While crude oil shipment downriver is a relatively recent phenomena on the Hudson River, the increasing production of crude in North America because of fracking, and Canadian tar sands, is likely to result in increasing demand to move the crude oil to coastal areas for shipment to refineries.

«To the point where competition among the Oil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research AnalyOil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyoil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyst.