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News Stories Following Crude Oil news is the
key to trading fundamentally. Below you can find links to articles in the news that discuss market
fundamentals that could potentially affect the price of Crude Oil on the NYMEX commodities
exchange. Before you invest in the crude oil futures market you should do your own research.
1. Bloomberg.com "Saudis Set to Tap Fuel Oil Boom With Latest Pricing for Crude"
February 5, 2012 Saudi Arabia, the world's biggest oil exporter, is poised to raise the price of its lowest-quality
crude to the most in almost two years relative to the top grade as it benefits from the rising cost of shipping fuel.
2. Bloomberg.com "Oil Declines as U.S. Said Likely to Reject Plan for Keystone XL
Pipeline" January 18, 2012 Oil declined in New York as the Obama administration was likely to announce rejection of TransCanada
Corp.’s Keystone XL pipeline. Crude oil for February delivery dropped 63 cents, or 0.6 percent, to $100.07 a barrel
at 12:02 p.m. on the New York Mercantile Exchange.
3. Bloomberg.com "U.S. Senate Backs Sancitions Intended to Cripple
Iran's Crude Oil Exports" December 1, 2011
“There’s absolutely a risk that, in fact, the price of oil would go up, which would
mean that Iran would, in fact, have more money to fuel its nuclear ambitions, not less,” Undersecretary of State Wendy
Sherman told the Senate Foreign Relations Committee.
4. Bloomberg.com "Crude Oil Extends Gains After Report Shows Unexpected Inventory
Decline" August 10, 2011 Crude
oil for September delivery rose $1.88, or 2.4 percent, to $81.18 a barrel at 10:35 a.m. on the New York Mercantile Exchange.
Oil traded at $80.35 before the release of the report at 10:30 a.m. in Washington.
5. Nasdaq.com "Oil Remains Firm" July 6, 2011 Crude oil prices surged higher to start this shortened trading week on a combination of short covering and catch
up from last week's strong gains in the financial markets as well as a new round of buying by the funds as they set-up their
books for the second half of the year.
6. Bloomberg.com “Oil Advances, Capping Eighth
Straight Month of Gains, on Consumer Spending” April 29, 2011 Oil rose, capping an unprecedented eighth straight
month of gains, as better-than-expected consumer spending signaled fuel demand may climb.
7. Business
Day “Oil price climbs after UN resolution” March 18, 2011 Oil
surged in New York after the United Nations Security Council voted to ground Libyan leader Muammar Gaddafi's air force as
continuing unrest in the region renewed concerns that the turmoil might spread and disrupt supply.
8. Bloomberg.com "Crude Oil Declines as OPEC Discusses
Holding Emergency Meeting on Output" March 8, 2011Crude slipped as much as 2 percent after Kuwait's oil minister said OPEC members are considering
whether to convene an "urgent meeting." Futures trimmed losses as opponents of Libyan leader Muammar Qaddafi seek
to recapture Bin Jawad and after Goldman Sachs Group Inc. and Bank of America Merrill Lynch raised oil-price forecasts. 9. Bloomberg.com "Oil Trades Near Eight-Week Low on
Signs of Slowing Fuel Demand" January 25, 2011 Crude oil traded near an eight-week low because of concern fuel demand will be curbed amid signs
of slowing economic growth in the U.S. and the U.K. 10. Bloomberg.com. "Oil Traders Increase Price-Rise Bets for Second Week, CFTC Says" March 1st
2010 “The
market is trying to move higher and this move has been fed by speculative long accumulation,” said Tim Evans, an energy
analyst at Citigroup Global Markets Inc. in New York."
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