The Nymex average crude oil settlement price in October was the highest, yet, for 2009, although it was just barely the lowest October in three years. The October average was 23.91% below the average for 2008. On the other hand, the average for October was 2.627 times the average price for October, 2002. It was higher, though, than the average for every year than 2008, just beating the average for 2007. [More]

Energy - Market Recap - Nov 09, 2009 MarketWatch (Reported 11.09.09): Crude futures rose above $78 a barrel on Monday, as a hurricane headed towards the Gulf of Mexico, raising worries that it may disrupt production at oil and gas installations located there.
WSJ (Reported 11.09.09): NEW YORK -- Saudi Arabia's decision to start using a new benchmark to price the oil it sells to the U.S. is setting up a battle between the two leading commodities exchanges, each hoping to become the dominant market for derivatives linked to the new benchmark. [More]

Energy - Market Recap - Nov 06, 2009 Reuters (Reported 11.06.09): Oil slipped below $80 a barrel on Friday, in line with timid gains across financial markets as dealers awaited monthly U.S. jobless data, expected to show a slow-down in rising unemployment in the world's biggest economy.
AP (Reported 11.06.09): Oil prices climbed toward $80 a barrel Friday in Asia as crude investors eyed a surge in global stock markets. [More]

Energy - Market Recap - Nov 05, 2009 UPDATE 1 Bloomberg (Reported 11.05.09): Crude oil declined, snapping three days of gains, before a report forecast to show that U.S. unemployment rose in October.
AP (Reported 11.05.09): Oil prices slipped Thursday as investors questioned whether the country would ever regain its appetite for petroleum. [More]

Energy - Market Recap - Nov 05, 2009 AP (Reported 11.05.09): Oil prices slipped below $80 a barrel Thursday as the U.S. dollar strengthened, making commodities like crude more expensive for international investors.
Bloomberg (Reported 11.05.09): Crude oil declined, snapping three days of gains, before a report forecast to show that U.S. unemployment rose in October. [More]

Energy - Market Recap - Nov 04, 2009 UPDATE 2 Bloomberg (Reported 11.04.09): Crude oil closed above $80 a barrel after a government report showed that U.S. inventories unexpectedly dropped as imports declined to a two-month low.
Reuters (Reported 11.04.09): WASHINGTON, Nov 4 (Reuters) - The U.S. average residential heating oil price reached its highest level so far this heating season, the Energy Department said on Wednesday, thanks mostly to expensive crude oil. [More]

Energy - Market Recap - Nov 04, 2009 Bloomberg (Reported 11.04.09): Crude oil rose a third day as a weaker U.S. dollar heightened the hedging appeal of commodities and economic data reinforced confidence in the global recovery.
Reuters (Reported 11.04.09): Oil rose above $80 a barrel on Wednesday, extending the previous session's near 2 percent gain, following a U.S. industry report showing an unexpected fall in crude stocks and supported by a weaker dollar. [More]

Energy - Market Recap - Nov 03, 2009 UPDATE 2 Reuters (Reported 11.03.09): U.S. crude oil futures ended higher on Tuesday, lifted by data showing rising factory orders, a rally in gold futures and firm technical support.
WSJ (Reported 11.03.09): NEW YORK – Crude-oil futures are lower Tuesday as the dollar strengthened and amid expectations that weekly oil inventory data will show a rise in U.S. crude stocks. [More]

As a follow up to Saudi Aramco’s intention to substitute an Argus Oil Index for the current WTI benchmark, FMX | Connect conducted a survey of market participants to determine the effects of the benchmark change on their segment of the industry. Participants included portfolio managers, analysts, and brokers. [More]

Energy - Market Recap - Nov 03, 2009 Bloomberg (Reported 11.03.09): Crude oil fell in New York before a report forecast to show that crude-oil inventories increased for a fourth week.
AFP (Reported 11.03.09): World oil prices retreated Tuesday on profit-taking, after recent gains that were underpinned by positive manufacturing data in China and the United States, analysts said. [More]