Hedge funds have ratcheted up bullish bets
on crude futures over the past month, pinning their optimism on declining inventories, strong demand, and restraint from OPEC.
Strong Chinese factory data and a decline in the country's crude output supported the oil market, but relentless growth in U.S. output weighed
on crude futures.
Not exact matches
Brent
crude oil
futures were last up 12 cents at $ 73.98 a barrel at 0937 GMT, some 2 percent below the November - 2014 high of $ 75.47 reached
on Tuesday.
Brent
crude futures marked $ 75.27 a barrel
on Tuesday, their highest since Nov. 27, 2014.
During Asian trading hours
on Tuesday, both Brent and West Texas Intermediate
crude futures touched their highest since November 2014.
Brent
crude oil
futures were up 31 cents at $ 73.44 a barrel by 0900 GMT, after falling nearly 3 percent
on Tuesday to its lowest in two weeks.
Brent
crude oil
futures were down 14 cents at $ 73.72 a barrel at 1128 GMT, some 2 percent below the November 2014 high of $ 75.47 reached
on Tuesday.
Oil prices were steady
on Thursday following a larger - than - expected increase in U.S.
crude inventories: U.S.
crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent
crude futures for July delivery were flat at $ 73.36.
LONDON, May 2 (Reuters)- Brent
crude futures eased
on Wednesday, surrendering early gains after evidence of further increases in U.S. shale supply and a rise in Iranian exports ahead of a possible renewal of U.S. sanctions
on Tehran.
On Thursday, the December 2017 U.S.
crude futures contract traded at a premium to the December 2018 contract briefly, known as backwardation.
U.S.
crude futures dipped below $ 28.50, while the international benchmark Brent fell as far as $ 27.79 a barrel after reports that Iran had offered sharp discounts to customers in Europe and Asia to find buyers for millions of barrels of oil in storage that it is now free to sell, after the lifting of most international sanctions
on it at the weekend.
The «
Futures Now» team discusses the election impact
on crude prices with Scott Nations, NationsShares, and Anthony Grisanti, GRZ Energy.
CNBC's Jackie DeAngelis reports
on crude's next move as the commodity turns positive from the commodities desk, with the «
Futures Now» traders.
The «
Futures Now» team discusses oils drop
on inventory data, and whether it is time to buy
crude's dip.
Brent
crude, which is used to price international varieties of oil, was down 47 cents to $ 112.86 per barrel
on the ICE
Futures exchange in London.
The «
Futures Now» team discusses
crude oil plunging 2 percent
on supply concerns, and where it may head from here.
The
Futures Now team discusses the oil market as
crude is
on - track for its longest losing streak since February.
LONDON, Nov 1 - Brent
crude oil
futures fell to $ 108 a barrel
on Thursday as investors continued to analyse the aftermath of super storm Sandy.
The «
Futures Now» team discusses
crude oil's 2 % fall
on supply concerns, and where it may head from here.
CNBC's Jackie DeAngelis reports
on what's next for
crude as the stock has its worst day in three weeks from the commodities desk, with the «
Futures Now» traders.
The
Futures Now team discusses
crude oil
on the move, with Jim Iuorio, TJM Institutional Services, and Jeff Killburg, KKM Financial.
Brent
crude futures rose 0.8 % to $ 47.21, adding to gains of 2 %
on Wednesday.
U.S.
crude (WTI)
futures advanced 0.9 % to $ 45.75 after soaring 2.9 %
on Wednesday.
Brent
crude, used to price international varieties of oil, rose $ 1.33 to $ 108.02 per barrel
on the ICE
Futures exchange in London.
On the New York Mercantile Exchange, oil
futures for June delivery were up 37 cents to $ 114.30 a barrel, while in London, Brent
crude gained 22 cents to $ 126.11.
U.S. West Texas Intermediate
crude futures traded at $ 62.62 per barrel, almost flat after 2.2 percent gain
on Monday.
The Bloomberg WTI
Crude Oil Subindex is a single commodity subindex of the Bloomberg CI composed of futures contracts on crude
Crude Oil Subindex is a single commodity subindex of the Bloomberg CI composed of
futures contracts
on crudecrude oil.
Oil
futures rebounded in Asian trade
on Wednesday, buoyed by a less than expected build in
crude oil stockpiles last week and a weakening dollar, but concern that a two - month Continue Reading
COTs Timer is a financial blog focused
on interpreting the Commodity
Futures Trading Commission's («CFTC») weekly Commitments of Traders («COT») report, which provides trillions of dollars in positions in more than 200 markets, including gold,
crude oil, natural gas, silver, forex, and equity indices.
Money managers increased their net long position in WTI by 32 percent to 208,292
futures and options, boosting the net bets on a rise in the U.S. crude benchmark by the most since December last year, according to data by the U.S. Commodity Futures Trading Commission reported by Blo
futures and options, boosting the net bets
on a rise in the U.S.
crude benchmark by the most since December last year, according to data by the U.S. Commodity
Futures Trading Commission reported by Blo
Futures Trading Commission reported by Bloomberg.
Here it is worth mentioning that when oil companies talk about the price of oil, they are referring to the price quoted
on popular
futures exchanges — prices which reflect only the price of
crude oil itself.
The post Technical Analysis — WTI
crude oil futures maintain weak upside bias in near - term; broader trend is... appeared first
on crude - oil.
The post Technical Analysis — WTI
crude oil futures maintain weak upside bias in near - term; broader trend is... appeared first
on Forex news forex trade.
The only liquid
crude futures in the Asian region is the Oman contract
on the Dubai Mercantile Exchange.
New York - traded West Texas Intermediate
crude futures dipped 9 cents, or 0.1 %,
on Friday to end at $ 68.10 a barrel by close of trade, leaving it down 0.4 % for the week.
West Texas Intermediate
crude oil
futures have surged to a one - month high
on expectations for the first decline in weekly U.S.
crude supplies in nearly three months as well as news that a key pipeline will begin service at the start of the year, relieving the glut of oil in the middle part of the...
-LRB-...) The EIA said
on Monday that it had revised sharply higher its estimates of
future US
crude output to about 9.5 m barrels a day in 2016.
* Market expects U.S. to re-impose sanctions against Iran * Plunging Venezuelan output further tightens markets * But soaring U.S.
crude production holds back marketBy Henning GloysteinSINGAPORE, April 26 (Reuters)- Oil prices rose
on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent
crude oil
futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.U.S.
Brent
crude, a benchmark for international oils, rose 15 cents to $ 107.72
on the ICE
Futures exchange in London.
If you fall into the former category then in all candor your best play is probably to sell short
crude oil
futures contracts as they offer the most direct play
on a bearish scenario for
crude oil.
Let's say you are bullish
on Crude Oil and looking to buy a
futures contract, but the rest of your portfolio is full of energy stocks.
Brent rose US$ 1.59
on the day to US$ 72.63 a barrel by 11:03 a.m., while U.S.
crude futures rose US$ 1.62 cents to US$ 67.13 a barrel, a 2.5 per cent gain.
U.S.
crude futures fell in early Asian trading
on Friday, partly reversing sharp gains from the previous session.
During this same period, activity
on the
crude oil
futures market — as measured by the number of contracts outstanding, trading activity, and the number of traders — has increased significantly.
While the official goal of the new
futures contract is to establish a regional benchmark for more useful pricing of the
crude grades prevalent
on the Chinese market, analysts see the yuan oil
futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the
future, the dominance of the petrodollar.
The strength was short - lived, however, as the curve subsequently bear - steepened
on rising inflation expectations from the slightly above - consensus AHE at 0.31 % MoM and WTI
crude futures near $ 45 / bbl.
The move comes after the launch of
crude oil
futures in March, the first
futures contracts listed
on the mainland open to overseas investors.
It currently offers
futures and options contracts on coal, crude oil, refined products, electricity, emissions, liquified natural gas, natural gas, natural gas liquids and petrochemicals offered on its ICE Futures US, ICE Futures Europe, ICE Futures Singapore, ICE OTC platform, ICE Endex and Trayport m
futures and options contracts
on coal,
crude oil, refined products, electricity, emissions, liquified natural gas, natural gas, natural gas liquids and petrochemicals offered
on its ICE
Futures US, ICE Futures Europe, ICE Futures Singapore, ICE OTC platform, ICE Endex and Trayport m
Futures US, ICE
Futures Europe, ICE Futures Singapore, ICE OTC platform, ICE Endex and Trayport m
Futures Europe, ICE
Futures Singapore, ICE OTC platform, ICE Endex and Trayport m
Futures Singapore, ICE OTC platform, ICE Endex and Trayport markets.
ENT
Crude Oil February 2015
futures tested a six year low of $ 45.19 pbbl
on 1/13/2015 at London ICE — lowest since April 2009.
Oil
futures jumped nearly 3 per cent
on a decline in US
crude inventories and after sources signalled Saudi Arabia wants to see the
crude price closer to $ US100 a barrel.