Oil Future

Crude oil futures gained on Tuesday in reaction to euro zone’s sovereign debt problems. Crude oil futures contract for December delivery gained 1.3 percent or $1.28 to settle at $96.80 on the New York Mercantile Exchange. Other than worries over…

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Oil futures return to backwardation MarketWatch (blog) Crude oil traded on the New York Mercantile Exchange has been trading in contango, a commodity price structure in which futures contracts for near-term delivery are cheaper than further-out contracts. But that's changed

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Crude oil traded on the New York Mercantile Exchange has been trading in contango, a commodity price structure in which futures contracts for near-term delivery are cheaper than further-out contracts. But that’s changed in the last few days ……

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Crude oil traded on the New York Mercantile Exchange has been trading in contango, a commodity price structure in which futures contracts for near-term delivery are cheaper than further-out contracts. But that’s changed in the last few days ……

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NEW YORK -(Dow Jones)- Crude futures settled lower Monday as fresh worries emerged about Europe’s sovereign debt. Light, sweet crude for November delivery fell 42 cents, or 0.5%, to $86.38 a barrel on the New York Mercantile Exchange, after trading…

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Oil futures dropped for the first day in the New York Mercantile Exchange, cracking a six-day longest gains run this year. Worldwide concerns primarily hinged on the global fiscal crisis, such as Europe’s bailout fund being voted out by the…

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Oil for November delivery fell 3 cents to $85.78 a barrel at 10:57 a.m. on the New York Mercantile Exchange. Prices have risen 13 percent since Oct. 4. Futures have fallen 6.1 percent in 2011. Brent oil for November settlement…

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Reuters UK

Analysis – Saudi oil exports under threat from within Reuters UK A trader works in the oil futures pit on the floor of the New York Mercantile Exchange in New York, February 24, 2011. By Daniel Fineren DUBAI

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OIL futures soared more than 5 per cent this morning, lifted by a surprise drop in US oil inventories and a rallying stockmarket. Light, sweet crude for November delivery settled up $US4.01, or 5.3 per cent, to $US79.68 a barrel…

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28. Crude oil for November delivery rose has climbed $2.74, or 3.4 percent, to $82.59 a barrel this week on the New York Mercantile Exchange. Futures have fallen 10 percent this year. The oil survey has correctly predicted the direction…

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