Energy news

FXstreet.com (Barcelona) - Crude Oil for September delivery snapped back up above $77.00 / barrel... For more information, read our latest forex news.

Greek police fire tear gas to disperse hundreds of lorry drivers protesting in Athens against a government order to end their strike.

The Canadian Dollar weakened against the Dollar after a drop in crude oil prices increased speculation demand will wane for currencies of nations that are dependent on commodities for growth.

U.S. Dollar Trading (USD) weak economic data and a further pull back in Oil led the stock markets lower overnight but the selling was subdued and the sentiment remains positive. The USD continued to range trade against most majors with small gains against commodity currencies. In US stocks, DJIA -39 points closing at 10497, S&P -7 points closing at 1107 and NASDAQ -23 points closing at 2264. Looki…

Crude oil fell following a bearish inventory report on Wednesday. In the coming weeks we will see whether the enormous build was the start of a trend of an aberration.

Inventories The Department of Energy reported that in the week ending July 23, 2010, US crude oil inventories increased by 7.3 million barrels, gasoline inventories were close to unchanged, distillate inventories increased by 0.9 million barrels, and total petroleum inventories increased 9.0 million barrels. The latest movements put all inventory components at or near record seasonal highs. Refine…

FXstreet.com (Barcelona) - Crude oil futures quickly dropped after the EIA reported a surprise... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Crude Oil for September delivery sank more than 1% on Wednesday, after... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The EIA Crude Oil Stocks had a sharp rise to 7.3 M / barrels during the... For more information, read our latest forex news.

The EIA report showed that crude oil inventories increased by 7.3 Million barrels from previous week where. The inventories continued the prior rise of 400 thousand barrel where the inventories were expected to fall by a 1.4 Million drop. At 360.8 Million barrels, US crude oil inventories are above ...

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

The Canadian Dollar weakened against the U.S Dollar and all majors as oil prices dropped rapidly. Oil is one of Canada's most valuable export products, and rapid changes in its price affect the currency.

The Euro rally continued in Europe but ran out of steam late in the day as Oil losses mounted and stocks failed to extend gains. The EURUSD attempted to push higher yesterday, topped at 1.3045 but again, failed to consistently move above 1.3000 so far. The bias is neutral in nearest term. On the upside the move could be extended till 1.3100 levels. (EURUSD - 1.3012). Neutral The GBP/USD rose for a…

Majors moved in tight ranges against the dollar with some upside bias during the Asian session, where the dollar index traded between the lowest of 82.11 and the highest of 82.28. The index now trades around 82.13. The US will release today the durable goods orders for June in addition to the EIA cr...

FXstreet.com (Barcelona) - Crude futures fell nearly 2% over New York yesterday as fears of a... For more information, read our latest forex news.

Crude oil is not far from the midpoint of a 10-month range; further losses could lead to an attractive buying opportunity. Gold is battered and bruised after breaching multiple technical levels.

FXstreet.com (Barcelona) - Crude oil futures turned to the downside over New York as US consumer... For more information, read our latest forex news.

The euro broke above the 1.3000 mark and the cable is testing a resistance level during today's European trading session. Equities were higher followed by gains in spot crude oil.

FXstreet.com (Barcelona) - Crude Oil for September delivery remains on a firm footing above $79.00,... For more information, read our latest forex news.

BP has announced that its embattled chief executive Tony Hayward is leaving. Hayward, savaged for his handling of the Gulf of Mexico oil leak, is resigning as the British-based company strives to rebuild its US image.

Crude oil is slightly lower ahead of tomorrow's U.S. Consumer Confidence figures. The bias remains higher, but a bit of consolidation is possible before prices attempt to breach the psychological $80 level.

FXstreet.com (Barcelona) - Despite an improved overall sentiment on strong US home sales, the most... For more information, read our latest forex news.

US NEW HOME SALES shot up 23.6% in June (highest rise since 1980) following a revised decline of 36.7% in June. The decline the supply of new homes to 7.6 months from 9.6 months is also helping to lift equities at the expense of JPY and USD.

Crude oil is making its way toward the psychological $80 barrier, as price action indicates that risks are tilted modestly to the upside. Gold tries to hold up despite continued investor liquidation.

FXstreet.com (Barcelona) - With investors weighing the final results of the euro-zone bank stress... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Crude Oil opened today's session trading between the 79.10 to 79.20... For more information, read our latest forex news.

Crude Oil: Crude Oil prices rose significantly yesterday and peaked at $79.20 per barrel. However, there is a bearish cross on the 4-hour chart's Slow Stochastic suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.

Crude oil continues to move within the now well-established upward trend, as bearish fears slowly fade into the background. Gold's recent positive correlation with risk appetite continued on Thursday.

FXstreet.com (Barcelona) - With a burst of optimism, crude futures are steadily rising over New... For more information, read our latest forex news.