Oil – Bloomberg reported that US crude options volatility slumped as futures rallied to highest in a week on speculation that Japan’s stimulus program has been approved, which in turn, will boost fuel demand in the country.
Oil – Bloomberg reported that Brent crude fell below $100 a barrel, its lowest since July, as signs of weak economic growth have lowered demand.
Oil – Bloomberg reported that Brent crude is set for a second weekly drop, shrinking its premium to West Texas Intermediate to the lowest level in eight months on concerns that Europe’s efforts to resolve the Cyprus banking crisis will hurt economic growth.
Oil – Reuters reported that the U.S. Energy Information Administration said the country’s oil production is set to exceed imports since 1995. Currently, the United States oil output has surged to over 7million bpd.
Oil – Bloomberg reported that crude options volatility fell at 18.22% as futures advanced for the fourth straight day.
Oil – Bloomberg reported that oil fell to its lowest in eight weeks as supplies rose and as an Italian political stalemate stirred concern that the debt crisis in Europe may worsen.
Oil – Bloomberg reported that West Texas Intermediate oil fell to a 7-week low as initial election data in Italy increased concerns that the euro-zone crisis may worsen.
Oil – Bloomberg reported that crude drops from a three-month high as 372,000 Americans filed for jobless claims last week.
Oil – Short-term price cut may boost ailing economies, but resulting friction with the oil cartel could have long-term implications on price stability.
Get our independent commentary on resource trends and companies delivered to your inbox.
