Tag Archives | Darrell Delamaide

Crude Oil Plunges as Turbulence Rocks Financial Markets

Oil Market Summary for: 03/05/2010 to 07/05/2010 In a week of market turmoil resulting from Greece’s fiscal crisis, oil went from an intraday high above $87 on Monday – its highest point in more than a year and a half – to plunge briefly below $75 on Friday. The Greek crisis, exacerbated by a still-unexplained […]

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SEC Charge Against Goldman has Volcanic Impact on Energy Markets

Oil Market Summary for 04/12/2010 to 04/16/2010 Oil prices plunged on Friday after the U.S. Securities and Exchange Commission charged Goldman Sachs with fraud in its marketing of certain subprime mortgage securities, amid a general sell-off in financial and commodity markets. The allegations against one of the biggest market makers in virtually every markets dampened […]

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High Inventories Keep Crude Oil Prices from Advancing on Week

Oil Market Summary for 04/05/2010 to 04/09/2010 Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories in both crude oil and gasoline. The benchmark West Texas Intermediate contract settled at $84.92 a barrel on Friday, only 5 cents ahead of the […]

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Crude oil still stuck at $80; natural gas falls below $4

Crude oil prices still found stubborn resistance above the $80-a-barrel level amid concerns about demand while natural gas continued its decline, to below $4 per million British thermal units, as burgeoning supply from unconventional sources depressed prices. The natural gas Henry Hub benchmark futures settled Friday at a nearly six-month low of $3.87, down 31% […]

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Crude oil futures slip as funds increase bet on higher prices

Oil Market Summary for 03/15/2010 to 03/19/2010 Crude oil futures kept falling back from highs even though speculative funds increased their bets that prices are headed higher. The benchmark West Texas Intermediate contract ended the week at $80.68 a barrel, after nearing $83 earlier in the week, compared to $81.24 a week ago. Saudi Arabia’s […]

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