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April 29 2011, 05:32
Oil prices were lower overnight – at least crude oil and heating oil prices were lower, gasoline prices were up almost two cents overnight. The weakness did not last long and, by 11 AM, crude was up more than a dollar, heating oil was up more than three cents and gasoline had added a nickel. [More]

April 28 2011, 04:48
Ben Bernanke spoke to reporters on Wednesday, and he did not do anything unexpected. That lack of surprises had also been expected from a Fed Chairman thoroughly committed to sharing his thoughts on future policy with traders and others. Quantitative easing is done with and will wind down through June, as advertized. [More]

April 27 2011, 04:18
Gasoline prices established new three-year highs on Tuesday and they brought heating oil prices along for the ride. Crude oil, though, did not make the trip with the products. It did not stray far from Monday’s close, finishing only 7 points lower. [More]

April 26 2011, 04:48
Gasoline prices advanced to their highest levels in almost three years on Monday, as the buying picked up where it had left off late last week. Traders are expecting fresh draws in this week’s DOE report, and they do not seem in any way fazed by poor demand or the likelihood of higher refinery utilization rates in the weeks immediately ahead of us. [More]

April 25 2011, 04:44
Oil prices rallied substantially on Wednesday and they were higher again on Thursday, with heavy short-covering going into the Easter weekend. The buying started with last week’s DOE report, which had all three headline inventory numbers lower on the week. [More]

April 19 2011, 04:30
Oil prices dropped dramatically on Monday as traders reacted to a Standard & Poor’s report that downgraded the United States government’s ability to repay its debts. S&P did not reduce the US government’s triple "A" rating, but it said that, at 11% of GDP, the US account deficit was just too high. [More]

April 18 2011, 06:24
A key measure of consumer prices rose just 0.1% in March, and consumer sentiment was reportedly better while manufacturing in New York increased at its fastest rate in 12 months. The Federal Reserve’s Bank of New York economic index increased to 21.7 from 17.5 in March. [More]

April 15 2011, 04:46
A stronger US dollar helped push oil quotes lower in trading Wednesday night and into Thursday morning, and it looked like the bears might regain their ascendancy after a one-day lull in selling. But, it was not meant to end that way, at least not for crude oil prices, which finished Thursday’s session with a one dollar a barrel gain. [More]

April 14 2011, 04:45
Oil markets started Wednesday morning trading higher, sold off and then ended the day in positive territory, spearheaded by surging gasoline quotes. It took time, though, for traders to get a feel for the markets in this grouping. Initial buying overnight and Wednesday morning came from bargain-hunting and technical short-covering. [More]

April 13 2011, 04:23
The oil complex was sharply lower, as prices dropped on Tuesday as the freefall continued in a number of commodities futures markets. Silver, gold, copper, corn, soybeans and wheat were all under selling pressure on Tuesday. The DJIA was down 117.53. [More]