A review of Crude Oil Futures Spread Trading.
Crude Oil Futures Spread Trading
Also see today's Crude Oil Futures Spread Trading News.
Crude Oil Futures Spread Trading - 27 April 2012
Yesterday, the US crude oil market started under pressure as the figures for the US jobless claims continued to show a struggling employment sector. However, housing data improved investors' sentiment by surprising to the upside.
A rally in stock market indices also boosted US crude prices, which moved higher for a third straight session, adding $0.59 to a close of $104.55.
However, this morning's risk aversion has seen declines for crude oil futures, with US crude trading at $103.75 at the time of writing.
Crude Oil Futures Spread Trading - 26 April 2012
There is no crude oil market commentary today. However you can see the latest energies technical analysis on:
Crude Oil Futures Spread Trading - 25 April 2012
Energy market participants remained unconvinced that oil demand in Europe will see better days in the short term and so they pushed crude prices down yesterday.
Tensions with Iran look to be away from the spotlight for the moment and that also put downward pressure on Brent crude oil futures.
As a result, it was little surprise to see Brent losing $0.59 to close at $118.16 yesterday, although this morning the market is a little higher at $118.40.
Crude Oil Futures Spread Trading - 24 April 2012
Deepening European economic troubles raised further questions over crude oil demand going forward and slower growth in China is surely another worry for energy investors.
Surprisingly though, after slumping initially, Brent crude pared its losses, closing near flat at $118.71, despite a drop in the WTI contract.
The question is whether that apparent strength can be sustained given that Iran and the West have started to talk. This morning Brent is a little lower at $118.40.
Crude Oil Futures Spread Trading - 23 April 2012
Although Brent crude oil managed to gain $0.75 on Friday, ending at $118.76, its weekly performance was negative.
There are concerns over the short term trend for the bulls as ongoing worries regarding the European economy puts downward pressure on near-term oil demand.
If the resistance just above $120 continues to hold, we could see a move towards the recent lows around $117. This morning Brent crude is a little lower at $118.20.
Crude Oil Futures Spread Trading - 20 April 2012
Brent crude oil futures pared early gains as disappointing US economic data fuelled ongoing worries of demand. Brent closed barely changed at $118.00, up $0.03 per barrel.
With little sign of the bulls this week, those spread betting on crude oil will be keen to see if near term support holds at $117.46. This morning though it looks like the bulls just have the upper hand as Brent trades back above $118 at $118.30.
Crude Oil Futures Spread Trading - 19 April 2012
Crude oil futures continued their slide amid concern that Spain's troubles will reignite the whole European debt crisis and curb demand for oil.
Brent has fallen from the March high of $128.57 per barrel. Traders have turned bearish because of the prospects of further talks between six world powers and Iran.
Furthermore, a pipeline reversal in the United States eased demand and so Brent crude is trading at $118.60 this morning.
Crude Oil Futures Spread Trading - 18 April 2012
Brent crude oil prices managed to hold above the $118 a barrel mark on Tuesday as a successful Spanish debt sale eased fears that Europe's debt crisis could flare again.
The price of black gold was also helped by expectations that the Seaway pipeline reversal will aid a supply backlog.
With today's oil inventories expected to show a sharp drop in the stock pile, prices could be well supported on the way to test the $120 level again.
Crude Oil Futures Spread Trading - 17 April 2012
Brent crude lost $2.53 to close at $118.68 on news that a major pipeline will come online ahead of schedule that will ease supply disruptions.
Oil was already trading weak as concerns surrounding Europe were stoked by the rise in Spanish yields and the apparent easing of diplomatic tension between Iran and the US. This morning Brent is a little softer again at $118.25.
Crude Oil Futures Spread Trading - 16 April 2012
Crude oil dropped $0.80 on Friday as several negative cues translated into a strengthening dollar.
Weak Chinese economic data and fears over the fragility of the Eurozone weighed on crude but also comments from Saudi Arabian Oil Minister Al-Naimi.
His statement that there is no shortage in global oil supply and his country was determined to see lower prices, added to the selling pressure. This morning Brent is softer again at $119.70.
Spread betting and CFD trading carry a high level of risk and you can lose more than your initial deposit so you should ensure spread betting or CFD trading meet your investment objectives and if necessary seek independent advice.
Market Commentry from Financial Spreads.
Financial Spreads - tax free* trading on over 2,500 spread betting markets. With a Financial Spreads Account you can trade commission free, 24 hours a day on stock market indices, forex, shares commodities and...read review » Financial Spreads.
With financial spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital. Please familiarise yourself with the risks that are involved and before trading, ensure that financial spread betting matches your investment objectives. Seek independent advice where necessary.
Crude Oil Futures Spread Trading - edited by MJ, 27 April 2012.
For related pages and articles see:
Spread Betting on Crude Oil - guide last updated: 17 May 2013
Spread Betting on Crude Oil - the spread betting guide to trading the Crude Oil markets, including where to spread bet on Crude Oil, how to spread bet on Crude Oil and the best way to ...more: Spread Betting on Crude Oil.
Oil Trading Review - guide last updated: 19 April 2013
Oil Trading Review: Fears of a drop in energy demand saw the sell-off in crude oil gather pace as a disappointing growth rate in China rattled the world markets. Nymex crude oil posted ...more: Oil Trading Review.
Online Crude Oil News and Analysis - guide last updated: 05 April 2013
Online Crude Oil News and Analysis: Paying little attention to reassuring comments in Europe, US crude futures continued their plunge, losing another $1.12 to close at $93.32. Recent data ...more: Online Crude Oil News and Analysis.
Oil Market Review - guide last updated: 22 March 2013
Oil Market Review: The price of WTI crude oil extended its recent gains on the back of heightened expectations that oil stockpiles are on the decline. In addition, the ...more: Oil Market Review.
Crude Oil Futures Trading News and Analysis - guide last updated: 08 March 2013
Crude Oil Futures Trading News and Analysis: Positive news on the US economy easily triggered a recovery for US crude oil futures yesterday, with the market closing $1.00 higher at $91.38. The reassurances ...more: Crude Oil Futures Trading News and Analysis.
Online Crude Oil Futures Trading Review - guide last updated: 22 February 2013
Online Crude Oil Futures Trading Review: Bullish comments from an ECB official sent market participants out of the US dollar and back into riskier assets. This encouraged the price of US crude oil to post a ...more: Online Crude Oil Futures Trading Review.
Crude Oil Futures News and Analysis - guide last updated: 08 February 2013
Crude Oil Futures News and Analysis: Crude prices followed stock markets lower yesterday, losing $1.58 to $96.08 a barrel, with extra downside pressure coming from a rebounding US dollar. The headlines and ...more: Crude Oil Futures News and Analysis.
Crude Oil Spread Betting Library - guide last updated: 29 April 2013
An review of crude oil trading articles from industry professionals that cover the key developments in the global oil markets. The crude oil financial spread trading commentary also considers ...more: Crude Oil Spread Betting Library.
With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.