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Market Watch 2011 P1

  • 10/26/2011 -- MARKET WATCH: Higher crude oil price, backwardation continue
    The price of crude oil continued climbing, up 2.1% Oct. 25 in the New York market, but the big news is the return to backwardation in that market and the narrowing premium for North Sea Brent crude over West Texas Intermediate.
  • 10/25/2011 -- MARKET WATCH: Crude oil futures price jumps 4% in New York market
    In one of the strongest showings this year, the front-month contract for benchmark US crude jumped more than 4% Oct. 24 in the New York market, moving into backwardation with subsequent monthly contracts priced sequentially lower and the current December contract $1/bbl higher than that for December 2012.
  • 10/24/2011 -- MARKET WATCH: Oil prices boosted by faith EU will solve its financial crisis
    Front-month crude closed up 1.5% on an optimistic outlook for Europe in the New York market Oct. 21, having pulled back in the final hours of the session from an earlier surge. Natural gas traded flat.
  • 10/21/2011 -- MARKET WATCH: Crude oil price fluctuates with outlook for resolving EU crisis
    There was virtually no reaction in oil markets Oct. 20 to news of the death of Libyan dictator Moammar Gadhafi, with the price of crude moderately lower in New York as traders focused on the continuing feud between Germany and France over the Euro-zone debt crisis, signaling greater interest in future demand over future supply of oil.
  • 10/20/2011 -- MARKET WATCH: Crude oil prices fall as markets again turn pessimistic
    Crude oil prices again fell Oct. 19, along with hopes for resolution of the European economic crisis as demonstrators turned violent outside the Greek parliament in Athens during a general strike in protest of the government’s austerity program.
  • 10/19/2011 -- MARKET WATCH: Crude oil prices rebound in optimistic market
    Oil prices rose with the front-month crude contract closing above $88/bbl Oct 19 in the New York market, up 2.3% on an optimistic report of accord in the European debt mess as traders shrugged off disappointing Chinese growth data and expectations of a rise in US oil inventories.
  • 10/18/2011 -- MARKET WATCH: European discord over Greek debt undermines markets
    The price of crude oil topped $88/bbl in intraday trading Oct. 17 in New York but closed at a small loss for the day as commodities and equities retreated after French and German officials clashed over a second rescue package for Greece.
  • 10/17/2011 -- MARKET WATCH: Crude oil price rebounds; winter prospects lift gas prices
    The front-month crude oil contract rebound Oct. 14, wiping out losses from the previous 2 days to challenge market resistance at $87/bbl in New York, while natural gas rallied 5% on the prospects of colder weather and short covering.
  • 10/14/2011 -- MARKET WATCH: Crude oil prices fall in mixed market
    Crude oil prices continued to fall, down 1.6% in New York on a mixed market Oct. 13 as traders ignored a “broadly bullish” government report on commercial US inventories to cash in on the recent rally.
  • 10/13/2011 -- MARKET WATCH: Crude oil, natural gas prices decline in New York market
    The front-month crude oil futures contract closed marginally lower Oct. 12, ending its latest rally in the New York market although the Standard & Poor’s 500 index rose for the sixth time in seven sessions. Natural gas futures also dropped, falling 3.6% with the forecast of milder weather and an expected build of gas in storage.
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