BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Crude Oil Tops $83 a Barrel]]>http://www.bloggingstocks.com/2010/10/19/crude-oil-tops-83-a-barrel/http://www.bloggingstocks.com/2010/10/19/crude-oil-tops-83-a-barrel/http://www.bloggingstocks.com/2010/10/19/crude-oil-tops-83-a-barrel/#commentsFiled under: , ,

The price of oil jumped 2.3% to close at $83.08 per barrel on Monday, The Wall Street Journal reported. The trigger was a report by the Department of Energy stating that Inventories fell to 1.13 billion barrels from a high of 1.44 billion barrels in September.

Since June, oil has been range-bound between $70 and $80 per barrel. Now, with inventories lower, there is a fundamental reason for oil to trade higher.

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Crude Oil Tops $83 a Barrel originally appeared on BloggingStocks on Tue, 19 Oct 2010 11:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crudecrude inventoriescrude oildollarfederal reserveinflationinthenewsinventoriesoilTue, 19 Oct 2010 11:20:00 EST<![CDATA[Crude Oil Inventories Unexpectedly Rise]]>http://www.bloggingstocks.com/2010/10/06/crude-oil-inventories-unexpectedly-rise/http://www.bloggingstocks.com/2010/10/06/crude-oil-inventories-unexpectedly-rise/http://www.bloggingstocks.com/2010/10/06/crude-oil-inventories-unexpectedly-rise/#commentsFiled under: ,

This morning, the Energy Department reported a surprise increase in oil inventories, leading crude futures lower thus far. The Energy Information Administration (EIA) reported that crude oil stockpiles increased 3.1 million barrels. Analysts had expected a decrease of 1.3 million barrels in crude oil inventories. Despite the surprise, oil prices weren't as low as one would think. November-dated crude was trading below $83 per barrel shortly after the inventory report.

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Crude Oil Inventories Unexpectedly Rise originally appeared on BloggingStocks on Wed, 06 Oct 2010 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crude inventoriescrude oileconomic dataeconomic recoveryinthenewsopecWed, 06 Oct 2010 13:40:00 EST<![CDATA[Does American Petroleum Institute Data Mean Economy Is Improving?]]>http://www.bloggingstocks.com/2010/09/29/american-petroleum-institute-data/http://www.bloggingstocks.com/2010/09/29/american-petroleum-institute-data/http://www.bloggingstocks.com/2010/09/29/american-petroleum-institute-data/#commentsFiled under: , ,

oil productionEarly Wednesday morning, the American Petroleum Institute (API) reported that crude inventories dropped 2.4 million barrels during the past week. According to Platt's, inventories were expected to increase by 2.2 million barrels.

The report also showed that there was an increase in gasoline inventories, with distillates dropping. While the Energy Department is going to report its weekly supply data later Wednesday, crude futures inched higher above $76 per barrel.

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Does American Petroleum Institute Data Mean Economy Is Improving? originally appeared on BloggingStocks on Wed, 29 Sep 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crudecrude futurescrude inventoriescrude oileconomic dataeconomic recoveryeconomyinthenewsWed, 29 Sep 2010 10:30:00 EST<![CDATA[Oil sets new record high above $112]]>http://www.bloggingstocks.com/2008/04/09/oil-sets-new-record-high-above-112/http://www.bloggingstocks.com/2008/04/09/oil-sets-new-record-high-above-112/http://www.bloggingstocks.com/2008/04/09/oil-sets-new-record-high-above-112/#commentsFiled under: , , , , ,

Oil prices have set a new record today, trading through the previous record of $111.80 and moving as high as $112.21 in reaction to this week's inventory report.

As Joseph Lazzaro discussed earlier, today's move has been in reaction to this week's inventory report out of the Energy Department earlier today that showed both oil and gasoline inventories dropped unexpectedly last week. Analysts had been looking to see oil inventories swell by 2.3 millions, but the report actually showed that inventories dropped by a massive 3.15 million barrels.

Gasoline inventories also fell more than expected last week (3.4 million barrels, as opposed to the 2.3 million analysts were expecting to see) which will only apply more upwards price pressure gasoline prices. Gasoline prices are predicted to move up close to $3.60 a gallon by the middle of the summer, while some analysts are already predicting to see them creep even higher, possibly up close to $4 a gallon.

Overnight, the national average set yet another new record, climbing 1.2 cents to $3.343.

If you are sitting at home and hoping to see some relief at the pumps, I would not hold my breath. It looks like we are in for a long, expensive summer when it comes to filling up our tanks at the gas station.

Michael Fowlkes has worked as a stock trader for seven years and spent the last four years working as an analyst for the online investment advisory service Investor's Observer.

Oil sets new record high above $112 originally appeared on BloggingStocks on Wed, 09 Apr 2008 14:42:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crude inventoriesCrudeInventoriesfeaturedgas pricesGasPricesoilWed, 09 Apr 2008 14:42:00 EST<![CDATA[Oil prices rise on inventory data]]>http://www.bloggingstocks.com/2007/12/19/oil-prices-rise-on-inventory-data/http://www.bloggingstocks.com/2007/12/19/oil-prices-rise-on-inventory-data/http://www.bloggingstocks.com/2007/12/19/oil-prices-rise-on-inventory-data/#commentsFiled under: , , , , ,

Oil has been moving to the upside today following a very bullish inventory report from the Energy Department. Oil for February delivery has moved higher by 76 cents to $90.84 and earlier in the session traded all the way up to $91.48.

The reason for today's move was a very unexpected decline of 7.6 million barrels of crude supplies last week. Heading into today's report, analysts had been expecting to see a drop of only 1.5 million barrels.

The gasoline portion of the report turned out to be bearish though. Analysts had been looking to see gasoline inventories rise by 700,000 barrels, but the actual results showed an increase of a whopping 3 million barrels during the week.

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Oil prices rise on inventory data originally appeared on BloggingStocks on Wed, 19 Dec 2007 13:22:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crude inventoriesCrudeInventoriesin the newsInTheNewsoiloil inventoriesoil pricesOilInventoriesOilPricesWed, 19 Dec 2007 13:22:00 EST<![CDATA[Oil soars to new highs, is $100 oil around the corner?]]>http://www.bloggingstocks.com/2007/11/06/oil-soars-to-new-highs-is-100-oil-around-the-corner/http://www.bloggingstocks.com/2007/11/06/oil-soars-to-new-highs-is-100-oil-around-the-corner/http://www.bloggingstocks.com/2007/11/06/oil-soars-to-new-highs-is-100-oil-around-the-corner/#commentsFiled under: , , , ,

Oil prices have once again set a new record today, with prices moving as high as $97 a barrel earlier in the session, and are currently trading up $2.73 to $96.63.

Today's move comes as traders are becoming increasingly worried about supply concerns as winter weather has finally started moving across the Northern Hemisphere. So far this year, mother nature has spared us from onslaught of wintry weather, but now that is changing, and the market is reacting. The past two weeks we have seen greater than expected declines in crude inventories in America, and analysts are expecting even more drops to be announced tomorrow when the Department of Energy releases its weekly inventory report.

Analysts are expecting to see a drop of 1.6 million barrels, and if we get reports of anything greater than that I would not be surprised at all to be sitting here writing about oil at $100 before the week is out. Consider this, before last week's report, prices were trading down to around $90.50, so a move from current prices to the psychological $100 barrier is not by no means out of the question.

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Oil soars to new highs, is $100 oil around the corner? originally appeared on BloggingStocks on Tue, 06 Nov 2007 11:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>$100 oil$100Oilcrudecrude inventoriesCrudeInventoriesDepartment of EnergyDepartmentOfEnergydollarfalling dollarFallingDollarfeaturedoiloil inventoriesoil pricesOilInventoriesOilPricesTue, 06 Nov 2007 11:40:00 EST