Futures Markets
Planning insurance, mortgages, and retirement
When it comes to sorting out your financial affairs these days, there are a wealth of options available.
Mortgages
Most financial providers offer multiple products, sometimes even within the same financial service. For example, many lenders now have a range of specialist mortgage products, from general repayment mortgages to early repayment mortgages, and mortgages for special […]
WTI drops 40 cents per barrel
Price for oil and natural gas fell again on Wednesday ahead of weekly US inventory figures, due on Thursday. The price declines came as forecasts continue to look for mild weather in the US which has led to lower demand for heating oil. While the stockpiles data are expected to show that crude […]
Brent crude falls $1.30 per barrel
Oil prices were down during the day on Tuesday, as weather predictions continued to say that mild conditions will continue over much of the United States.
Meanwhile, investors seemed to spend little time thinking about what could happen to oil supplies next year if the tensions between Iran and the west over Iran’s nuclear program continue. […]
Crude oil gains slightly after declines
Crude oil prices were up slightly early in the day on Friday after declines on Thursday. West Texas Intermediate was up 21 cents to $62.87 per barrel in electronic trading at midday in Europe after having dropped more than $1 on Thursday. Weather predictions that have temperatures remaining mild in the Northeast United […]
Crude oil price increases limited by mild weather
Crude oil prices were up slightly on Tuesday after declines earlier in the session as the US National Weather Service said that heating oil demand would likely be 25 percent below average this week as mild weather persisted in the Northeast and Midwest regions of the nation. Brent crude February contracts were up 3 […]
Brent crude drops $1.02 per barrel
Prices for crude oil dropped Monday as heating oil demand remained low due to mild weather in both the United States and Europe. Brent crude February contracts wee $1.02 lower to $62.48 per barrel late in the afternoon in London, while early afternoon trade on the New York Mercantile Exchange saw West Texas Intermediate […]
Analysts fear new OPEC cuts go too far
Crude oil prices rose on Friday after the Organization of Petroleum Exporting Countries decided to cut oil production by another 500,000 barrels per day. The cuts will not take effect until February 1. Some analysts saw the cut as overdone, with Barclays Capital saying that the new cut holds the risk of tightening […]
US crude oil inventories down 4.3 million barrels last week
After a decline early in the day on reports that OPEC will not implement further cuts in oil production as they had been expected to do, crude oil prices were up on Wednesday on lower US inventory levels. Brent crude January deliveries were 14 cents higher to $61.66 per barrel late in the afternoon […]
US Energy Dept. sees oil demand rising in 2007
Speculation that OPEC could decide to implement further production cuts during its meeting in Nigeria sent crude oil prices higher on Tuesday. Some cartel officials were quoted as saying that the cut is expected to add 500,000 barrels per day to the 1.2 million barrel per day cut introduced in November. Meanwhile, the […]
Brent higher, but WTI declines
Crude oil prices were mixed on Monday ahead of a meeting later in the week of the Organization of Petroleum Exporting Countries. OPEC is scheduled to talk about cutting oil production by 500,000 more barrels per day at the meeting, but reports are now mixed on whether the cartel is likely to make the […]
Brent crude up $1.09 on day
Crude oil prices rose on Friday but was still down over the week after Nigerian militants threatened more attacks on oil facilities there and on comments from the president of the Organization of Petroleum Exporting Countries that he supports further production cuts by the group in order to moderate supply further. OPEC meets next […]
Crude oil prices mixed on new Nigeria trouble
Crude oil prices were mixed on Thursday after Nigerian militants attacked another oil facility in the Niger Delta and kidnapped several Italian oil workers. Reports were that the shipping terminal’s operations were unaffected by the attack. In addition, analysts remain convinced that OPEC will call for more production cuts when the cartel meets […]
Gasoline stockpiles drop 1.1 million barrels last week
Crude oil prices rose slightly on Wednesday after the weekly US inventories report from the Energy Information Administration showed that crude oil, gasoline, and distillates stockpiles were all lower last week. Crude oil inventories were down by 1.1 million barrels, much more than the 0.2 million barrel decline that had been projected. Gasoline […]
Crude prices drip slightly on weather predictions
Crude oil prices were a bit lower again on Tuesday, still reacting to predictions of warmer than normal weather over most of the United States for the next couple of weeks. Brent crude January contracts were 7 cents lower to $63.38 per barrel. Meanwhile, January delivery West Texas Intermediate crude on the New […]
Good weather helps crude oil prices lower
Proving, perhaps, that the weather has more to do with oil prices than Organization of Petroleum Exporting Countries does, crude oil prices dropped on Monday after the National Weather Service in the United States said that temperatures in most parts of the US will likely be above normal for the next two weeks. The […]
WTI adds 4 percent on week
Oil prices dropped a bit on Friday but West Texas Intermediate crude was up more than 5 percent over the week. Despite the recent price increases, there are indications that OPEC will cut production further when it meets later this month in Nigeria. Brent crude January contracts were 27 cents lower by late […]