Unless otherwise indicated, the material below has not been prepared by Van Eck Associates Corporation or HardAssetsInvestor.com.
Neither assumes any liability for any content on a third-party website or material prepared by a third party.
HardAssetsInvestor
- ENERGY
- PRECIOUS METALS
- BASE METALS
- AGRICULTURAL
- SOFTS
- Alternative Energy
- STRATEGIC/RARE EARTH METALS
MOST POPULAR ARTICLES
-
Merk Gold ETF To Be Redeemable In Bullion
-
Precious Metals Monitor: China’s Surging Demand For Gold Reduces Its Safe-Haven Status, Prices To Test $1533
-
The Commodity Investor: Flight To Dollar An Ominous Sign That Could Be Very Bullish For Gold
-
Precious Metals Monitor: Market Turmoil Could Push Gold To $1300, Silver Below $20 As Euro Fears Reignite
-
Natural Gas Report: NatGas Now Rivals Coal For Top Spot In Electricity Generation, Glut Eroding As Demand Surges
***Top stories from the last 15 days
Crude Oil Report Crude Oil Report: Bullish Technicals Vs. Bearish Fundamentals, Prices May Retreat Before Retesting $120 - Written by Sumit Roy |
- February 15, 2012
Crude Oil Report: Bullish Technicals Vs. Bearish Fundamentals, Prices May Retreat Before Retesting $120
- Details
Geopolitical jitters keep crude oil on an upward track, but the fundamentals are deteriorating, according to the latest IEA estimates.
The Department of Energy reported this morning that in the week ending Feb. 10, U.S. crude oil inventories decreased by 0.2 million barrels, gasoline inventories increased by 0.4 million barrels, distillate inventories decreased by 2.9 million barrels and total petroleum inventories decreased by 4 million barrels.
Crude oil prices were higher after the report, with Brent near $119 and WTI near $102. The spread between the two benchmarks was $16.75, down from the recent high of $20.75. But the spread between WTI and LLS (another U.S.-based benchmark) hit $21.25, the highest level since October.
-
Last Update: 05/18/2012
Commodity ETF Flows -
Last Update: 05/21/2012
Contango Report -
Last Update: 05/23/2012
Crude Oil Report -
Last Update: 05/22/2012
Precious Metals Monitor
