BNO

Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Bullish Pressure

The crude oil markets rallied a bit during the course of the trading week, as we continue to see a lot of momentum to the upside. Furthermore, the OPEC suggestion that demand is going to continue to climb has helped.

U.S. total rig count rises to 512, Baker Hughes says

The total count of drilling rigs active in the U.S. jumped by 9 to 512, following a decline of 6 in the previous week, Baker Hughes reports in its latest

Crude Oil Price Forecast – Crude Oil Continues to Show Buyers on Dips

The crude oil markets have dipped a bit during the course of the trading session on Friday but found buyers to turn things around and send the market back up again.

Sector ETFs to Benefit/Lose as Oil Crosses $70

Crude Oil Price Forecast – Crude Oil Markets Continue Move to The Upside

Crude oil markets continue to move to the upside on the idea of increased demand, as OPEC recently suggested that demand is going to pick up through the rest of the year.

Energy stocks, oil prices rise as U.S. crude supplies decline again

Energy (XLE +3.2%) is the clear leader among today's S&P industry sectors, supported by a 3.4% surge in WTI October crude oil (CL1:COM) to $72.86/bbl, rising for the fourth straight

U.S. crude inventories draw tops estimates

Energy Information Administration Petroleum Inventories: Crude -6.4M barrels vs. -3.5M consensus, -1.5M last week. Gasoline -1.9M vs. -1.9M consensus, -7.2M last week. Distillates -1.7M vs. -1.6M consensus, -3.1M last week.

Oil Price Fundamental Daily Forecast – EIA Expected to Report 3.6 Million Barrel Crude Oil Drawdown

EIA data suggests crude oil inventories are 6% under the five year average for this time of year.