Crude oil prices weaken

Crude oil prices were seen trading weaker this week amid conflicting reports that hit the market sentiment. The weekly U.S. crude oil inventories report showed another weekly build-up in stockpiles. The U.S. Energy Information Administration (EIA) reported that the weekly build-up in crude oil stockpiles rose 1.6 million barrels for the week ...

2018-04-04 John Benjamin Read more
Sugar futures

SB: Sugar Futures (Sugar #11) contracts for March 2017 delivery has been trending lower with price closing yesterday at 21.11. The decline in Sugar futures came about as price broke down below the technical support area of 22.50 - 22.40. Price initial fell to lows of 21.10 before posting a modest retracement to retest the broken support level be...

2016-11-16 John Benjamin Read more
Crude Oil

Crude oil futures contracts for October delivery closed  at $44.85 a barrel yesterday, losing over 3.30% on the day as the US Energy and Information Administration (EIA) data showed a second consecutive week of build-up in US crude oil inventories. After inventories increased by 2.5 million barrels two weeks ago, the week ending August 26 saw a...

2016-09-01 John Benjamin Read more