Archive for November, 2007

Crude Oil Futures Down on Economic and OPEC News

Crude oil futures are continuing their roller coaster ride this morning as futures traded below $90 a barrel in the first time in over a month. Analysts blamed several factors over the more downward including a slowdown in the U.S. economy. Others blamed traders that bid up futures over an over-exuberance over the Chinese economy. [...]

Crude Oil Prices Regress After Flirting with $100 Per Barrel Prices

After reaching an all time high of $99.29 last week, WTI crude prices for January delivery were down over $2.00 as speculation grew that OPEC would increase production. The speculation comes on the heels of the Saudi Oil Minister’s announcement that the oil state had increased production to 9,000,000 bpd. The announcement by the Saudi’s [...]