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19. February 2012 by Jim Sutliff.
Crude oil traded at a 9 month high as tensions increased with Iran cutting supplies to companies from the U.K. and France. In addition, traders weighed the economic gains of a second Greek bailout. Crude Oil rose to $105 a barrel which is the highest mark since May 5th.
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Jim Sutliff
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2. February 2012 by Jim Sutliff.
Crude oil inventories continue to rise and hit a three month high last week. The Energy Department indicated that crude oil supplies increased to 338.9 million barrels. That mark is 4.18 million barrels higher than the previous week. Gasoline also had weak demand with consumption falling 7.97 million barrels a day. Gasoline inventories increased by 3 million barrels last week.
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Jim Sutliff
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19. January 2012 by Jim Sutliff.
Natural gas fell more than 6% in trading on Thursday and settled at $2.3220 per 1,000 cubic feet. Natural gas supplies have steadily increased and warmer than normal weather is expected over the next few weeks. Gasoline and crude oil fell slightly and heating oil rose 2.26 cents.
To read a related MSN Money article, please click here:
http://money.msn.com/business-news/article.aspx?feed=AP&date=20120119&id=14709809
James Sutliff
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12. January 2012 by Jim Sutliff.
According to the U.S. Energy Information Administration, crude oil supplies rose by 5 million barrels last week. In addition, gasoline inventories rose 3.6 million barrels and distillates increased by 4 million barrels. All of the inventory increases were well above analyst expectations. A significant drop in demand levels was a factor in the supply figures. Crude oil was trading near the $100 dollar mark on Wednesday.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/11/us-markets-oil-idUSTRE7AD06820120111
Jim Sutliff
Posted in Options & Futures, Political News, Trading, Earnings, Oil, Investments, Gasoline, General, Infrastructure, Economic News | No Comments »
10. January 2012 by Jim Sutliff.
Crude oil rose to $103.41 during afternoon trading and settled at $102. 24 a barrel. An improved outlook for US economic growth also sent the stock market to a five month high. In addition, tensions in Iran and Nigeria raised supply concerns for the near term.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/10/us-markets-oil-idUSTRE7AD06820120110
Jim Sutliff
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8. January 2012 by Jim Sutliff.
Natural gas rose slightly at the end of the week and closed at $3.062. Forecasts of colder weather countered inventory reports which had sent natural gas prices lower. Colder weather is expected in the Northeast for January 16th through the 20th. Warmer than normal winter weather has put pressure of natural gas and oil prices this season.
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James Sutliff
Posted in Oil, Options & Futures, Trading, Natural Gas, Metals, General, Investments, Economic News | No Comments »
27. December 2011 by Jim Sutliff.
Crude oil continued to climb and settled over $101 a barrel. Geopolitical forces pushed crude higher as traders returned on Tuesday. Supply reports may weigh heavily on trading activity in the next few weeks. Warmer than normal temperatures in the northeast could increase supplies and send crude oil lower.
To read a related Wall Street Journal article, please click here:
James Sutliff
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20. December 2011 by Jim Sutliff.
Economic data sent oil prices higher in trading on Tuesday. Housing starts and building permits rose and data from Europe looked strong. Also, supplies of crude oil fell 4.6 million barrels last week which was higher than analyst expectations.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/12/20/us-markets-oil-idUSTRE7AD06820111220
Jim Sutliff
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1. December 2011 by Jim Sutliff.
European and Chinese manufacturing numbers came in weak and that helped to send crude oil lower. Crude oil settled at slightly higher than $100 dollars a barrel on Thursday. This is the first time since February 2009 that Chinese manufacturing has contracted.
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Jim Sutliff
Posted in Options & Futures, Oil, Trading, Earnings, Euro, Investments, General, Bonds, Currency, Economic News, Gasoline, Banking | No Comments »
28. November 2011 by Jim Sutliff.
Thanksgiving weekend sales rose and crude oil prices followed in trading on Monday. Crude oil futures broke the $100 dollar mark and hit their highest level since November 17th. On the supply side, Libyan output increased to over 750,000 barrels a day.
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Jim Sutliff
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16. November 2011 by Jim Sutliff.
Oil climbed over $100 a barrel in early trading on Wednesday for the first time since July 26th. Oil has risen on positive economic figures such as industrial production and October retail sales. However, the strength of the Dollar may slow increases in crude oil.
To read a related CNN Money article, please click here:
http://money.cnn.com/2011/11/16/markets/oil_prices/index.htm?iid=HP_LN
James Sutliff
Posted in Oil, Options & Futures, Trading, Euro, Investments, General, Banking, Currency, Economic News, Uncategorized | No Comments »
28. October 2011 by Jim Sutliff.
Crude oil ended the week with traders taking gains and sending crude prices lower for the day. Crude oil fell to $93.32 a barrel after gaining almost 7% since October 21st. A decline in Japanese factory output also weighed on prices.
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James Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Economic News, General, Uncategorized | No Comments »
17. October 2011 by Jim Sutliff.
The Euro declined in trading after a spokesman for German Chancellor Angela Merkel indicated that the debt crisis would not be resolved in the next few weeks. The news also sent crude oil and gold prices lower in trading on Monday.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20111017-711244.html
James Sutliff
Posted in Options & Futures, Oil, Stocks, Trading, Euro, Earnings, Metals, Investments, Bonds, Banking, Currency, Economic News, General, Uncategorized | No Comments »
5. October 2011 by Jim Sutliff.
The Department of Energy weekly report indicated that crude oil inventories fell 4.7 million barrels. Inventories of gasoline fell 1.1 million barrels and distillates dropped 700,000 barrels. Analysts had expected an increase of 700,000 barrels for crude and 1 million barrels for gasoline. The drop in crude imports played a role in the lower inventory figures. Crude rose in late morning trading after the report.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20111005-708995.html
James Sutliff
Posted in Oil, Options & Futures, Trading, Investments, General, Economic News, Gasoline, Banking | No Comments »
28. September 2011 by Jim Sutliff.
Crude oil inventories rose 1.9 million barrels last week and gasoline demand fell 2.4%. Analysts had expected crude oil inventories to remain unchanged from the previous week. The drop in demand and rising economic concerns forced crude oil prices lower in afternoon trading. Crude oil dropped over $3 and closed below $82 a barrel.
To read a related Associated Press article, please click here:
Jim Sutliff
Posted in Oil, Options & Futures, Trading, Investments, General, Economic News, Gasoline, Banking | No Comments »