NYMEX Oil Complex Remains Negative but off Lows on EIA Data
Houston, TX August 18, 2010 11:18 AM ET
- The September NYMEX crude, RBOB gasoline and heating oil contracts are all still in negative territory at midday but off their intraday lows after the EIA inventory...
OPEC Basket Price for August 17 up $0.98 at $73.25
Houston, TX August 18, 2010 8:23 AM ET
- The price of the OPEC basket of thirteen crudes stood at $73.25 per barrel on Tuesday, up $0.98 from Monday, August 16, according to OPEC Secretariat calculations. The...
NYMEX Oil Complex Lower on Negative Reaction to API Stockpile Builds
Houston, TX August 18, 2010 8:07 AM ET
- The September NYMEX crude, RBOB gasoline and heating oil contracts are expected to open below yesterday's settles. We are attributing the expected lower opening to a...
NYMEX Oil Complex Higher on Product Led Technical Rebound
Houston, TX August 17, 2010 3:33 PM ET
- The NYMEX September crude, RBOB gasoline and heating oil contracts ended the day above Monday's settles on short-covering due to a technically oversold market. The rebound...
NYMEX Oil Complex Remains Positive on Decent Economic Reports
Houston, TX August 17, 2010 10:50 AM ET
- The September NYMEX crude, RBOB gasoline and heating oil contracts are all in positive territory at midday on continued short-covering continues. The positive prices are,...
API: Wood Mackenzie Says Higher Taxes Could Hurt U.S. Oil and Natural Gas Production
Washington, DC August 17, 2010 10:13 AM ET
- Raising taxes on the U.S. oil and natural gas industry could significantly reduce domestic oil and gas production next year and cut it by as much as 10 percent in 2017, a...
NYMEX Oil Complex Higher on Short-Covering in Front of Economic Reports
Houston, TX August 17, 2010 8:11 AM ET
- The September NYMEX crude, RBOB gasoline and heating oil contracts are expected to open above yesterday's settles on short-covering in front of a number of economic...
OPEC Basket Price for August 16 down $0.37 at $72.27
Houston, TX August 17, 2010 7:11 AM ET
- The price of the OPEC basket of thirteen crudes stood at $72.27 per barrel on Monday, down $0.37 from Friday, August 13, according to OPEC Secretariat calculations. The...
NYMEX Oil Complex Continues Recent Slide as Economic News Provides No Support
Houston, TX August 16, 2010 3:19 PM ET
- The NYMEX September crude, RBOB gasoline and heating oil contracts ended the day below Friday's settles as market participants sustained the recent downward momentum after...
API: Proposed EPA Regulations Could Stifle Business, Eliminate Jobs
Washington, DC August 16, 2010 10:17 AM ET
- Arguing that the Clean Air Act is unsuited to regulating greenhouse gas emissions, the American Petroleum Institute (API) said Friday that two new EPA proposed permit...
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