Silobreaker: Crude Oil Futures Maintain Gains as Investors Anti...

NEWS SEARCH ANALYSIS INSIGHT

Saturday, November 21, 2009 5:18 AM

Published 09/09/2009 by Proactiveinvestors United Kingdom RSS feed

Crude Oil Futures Maintain Gains as Investors Anticipate Key Supply News

Crude Oil futures maintain yesterday’s gains ahead of this afternoons OPEC meeting, with West Texas Intermediary (WTI) for December delivery trading around $71.90, having traded up to $72.10 mid-morning.

As anticipated Tuesday afternoon, crude extend early gains, as...

READ FULL ARTICLE

Share this

What others report on the same story

Ascent Resources (AIM:AST),Aurelian Oil & G...

Crude Oil prices rose almost 3% this morning, with West Texas Intermediary (WTI) October delivery up $1.5pb at $69.50. A weaker dollar and buoyant Asian and European ... - [09/08/2009 - Proactiveinvestors United Kingdom RSS feed]

Crude Futures Approaching $70, Weak Dollar and ...

Related Stories

First Reported 09/10/2009 - Updated 09/10/2009 - 3 Documents (in Energy)

Oil prices rise on weak dollar, falling US crude stockpiles

NEW YORK (AFP) Oil prices edged up Thursday amid a weakening dollar and falling crude inventories in the United States, the world's largest oil-consuming nation.Market sentiment was also boosted by International Energy Agency forecasts of higher global ... [AFP via Yahoo! - 09/10/2009]

Entities: Dollar Weaker, OPEC, Oil Prices Higher, International Energy Agency

First Reported 09/10/2009 - Updated 09/10/2009 - 4 Documents (in Environment)

Climate clean-up not up to developing states only: OPEC

VIENNA (AFP) Oil-producing and developing countries should not bear the brunt of efforts to clean up the environment, the OPEC crude producers' cartel insisted on Thursday, ahead of a major climate conference in December.Developed countries 'cannot shift ... [AFP via Yahoo! - 09/10/2009]

Entities: OPEC, Copenhagen, Environment, Climate, Cartel

First Reported 09/10/2009 - Updated 09/10/2009 - 3 Documents (in Politics)

OPEC

Opec holds output unchanged

'We are walking on a very thin line, we don't want to take action that could threaten the recovery' ... [FT.com - International economy - 09/10/2009]

Entities: OPEC

First Reported 09/08/2009 - Updated 09/08/2009 - 3 Documents (in Energy)

International Energy Agency

OPEC set to hold supply steady

Oil at close to $US70 means OPEC will almost certainly keep existing output cuts in place when it meets in Vienna, although it could seek to tighten compliance with existing targets, ministers and delegates said. 'The market is in very good shape, ... [ONE News - 09/08/2009]

Entities: OPEC, International Energy Agency, Vienna

First Reported 09/10/2009 - Updated 09/10/2009 - 2 Documents (in Energy)

Crude Oil Rises Following Improved Demand Forecasts in Europe

As widely anticipated, last night OPEC announced that they would maintain production targets, although both economists and analysts will reflect upon a number issue raised following the meeting. Many OPEC members expressed concern over the weak dollar ... [Proactiveinvestors United Kingdom RSS feed - 09/10/2009]

Entities: Crude Oil, OPEC, International Energy Agency, West Texas Intermediate, Beige Book

First Reported 09/11/2009 - Updated 09/11/2009 - 2 Documents (in Politics)

OPEC Takes Cautious Route, Keeps Oil Output Targets Unchanged

OPEC on Thursday decided to leave its production quotas unchanged, opting to take a cautious approach in a market awash in crude and a global economy still in the nascent stages of recovery. The 12-nation Organization of Petroleum Exporting Countries ... [Iraq Updates - Oil & Gas - 09/11/2009]

Entities: OPEC

First Reported 09/07/2009 - Updated 09/07/2009 - 2 Documents (in Politics)

OPEC to eye economic stimulus, not just oil supply

VIENNA (Reuters) - OPEC ministers meeting in Vienna this week were expected to keep supply targets intact and instead rely on hoped-for economic growth to sustain oil prices. ... [Reuters: Business News - 09/07/2009]

Entities: OPEC, Vienna

First Reported 09/15/2009 - Updated 09/15/2009 - 2 Documents (in Energy)

Oil prices mostly higher on positive US data

LONDON (AFP) Oil prices were mostly higher Tuesday as the market digested positive US economic data pointing to recovery in the world's largest energy consumer. New York's main contract, light sweet crude for October delivery, leapt 2.07 dollars to finish ... [AFP via Yahoo! - 09/15/2009]

Entities: OPEC, Cartel, Mike Fitzpatrick, MF Global UK Ltd

First Reported 09/08/2009 - Updated 09/09/2009 - 2 Documents (in Energy)

Upbeat OPEC oil men set to hold output steady

VIENNA (AFP) OPEC crude producers said they were set to hold output steady at Wednesday's meeting of the cartel, with some hailing a healthy oil market despite a mixed outlook for the world economy. OPEC's production-monitoring committee late Tuesday ... [AFP via Yahoo! - 09/09/2009]

Entities: OPEC, Chakib Khelil, Cartel, Iran, Vienna

First Reported 09/06/2009 - Updated 09/06/2009 - 2 Documents (in Politics)

OPEC to Hold Oil Flow Steady Amid Timid Recovery

Major oil exporters will hold the flow steady at Wednesday's OPEC meeting but will crack down on those breaching agreed cuts, as energy demand remains weak despite signs of economic recovery, analysts say. ... [Iraq Updates - Latest News - 09/06/2009]

Entities: OPEC

First Reported 09/04/2009 - Updated 09/04/2009 - 2 Documents (in Energy)

Oil prices drop after US jobs data

LONDON (AFP) Oil prices fell Friday after the world's biggest energy consumer the United States reported a rise in its unemployment rate and as traders booked profits before a long US holiday weekend.Ahead of the employment data crude futures had been ... [AFP via Yahoo! - 09/04/2009]

Entities: Oil Prices Lower, Cartel, OPEC, Brent Crude Oil

First Reported 09/03/2009 - Updated 09/03/2009 - 2 Documents (in Energy)

Exploration shares to benefit from BP find

Investors will be exploring the small and mid-sized oil exploration sector for themselves following BP's (BP-) discovery in its fields in the Gulf of Mexico, analysts predict.The oil giant said yesterday it has made a "giant" new oil discovery and had ... [Interactive Investor Articles - 09/03/2009]

Entities: BP plc, Gulf of Mexico, Andy Inglis, Oil Exploration

Blogs

sort by: Date \| Relevance
Crude Oil Stalls Again Above $70 [The Market Oracle - 09/02/2009] Oil continues to find a ceiling above the $70 per barrel price point as there has proven to be no major catalyst to push the price of the commodity above $75 ...
OPEC Will Maintain Crude Oil Production Targets... [Asian Energy - 09/03/2009] By Candido Mendes and Ayesha DayaSept. 2 (Bloomberg) -- OPEC will leave oil production targets unchanged when it meets next week in Vienna after prices recovered, ...
Crude Oil Is Set for Weekly Decline as OPEC May... [Asian Energy - 09/06/2009] By Christian Schmollinger and Ben SharplesSept. 4 (Bloomberg) -- Crude oil traded near $68 a barrel, poised for the biggest decline in eight weeks, on speculation ...
OPEC vs. Russia: Power struggle in the oil market [BloggingStocks - 09/10/2009] Filed under: International markets, Market matters, Commodities, OilOPEC oil ministers want to see a stable U.S. dollar and higher oil prices before they start to ...
OPEC to eye economic stimulus, not just oil sup... [M0 - 09/07/2009] Reuters - OPEC ministers meeting in Vienna this week were expected to keep supply targets intact and instead rely on hoped-for economic growth to sustain oil prices. Read ...

Audio/Video

sort by: Date \| Relevance
Business Update: OPEC holds steady [Reuters Video: Business - 09/10/2009]

Change Password

Log in to Silobreaker

Advanced Search Options

Crude Oil Futures Maintain Gains as Investors Anticipate Key Supply News