Author: ChartWhiz

Crude oil prices on the NYMEX posted marginal losses for two consecutive weeks on mostly sideways congestion with bearish news towards the end of the week putting a damper on bullish efforts.  Crude oil for May delivery...

Crude oil prices reached 8-week highs at $83.16/barrel last week but the action over the course of the week was sideways and choppy on a basket of mixed factors including a quiet dollar and equities markets.  The weekly...

Crude oil prices topped $82.00 last week for the first time since Jan 11 as the market trended higher throughout the week after initially dropping to $78.00 on Monday.  April crude oil rounded off the week up more than 2%...

Crude oil prices posted new 6-week highs at $80.51 last Monday fueled by the lingering strike at Total but followed with sideways to lower corrective congestion on economic concerns.  Poor consumer confidence, an unexpected...

Crude oil prices exploded for a second straight week topping the $80.00 mark for the 1st time in 6-weeks with the more active April contract closing at $80.06, up $5.56 on the week.  A strong Euro against the Dollar, a...

Oil prices snapped a 4-week losing streak last week on a slew of bullish news across the board along with technical short covering to close with the first weekly gain in 2010.  Oil prices have fallen since posting a high at...

Crude oil prices fell for a third week in a row last week reaching new lows for the year at $72.43 while posting the first monthly loss since July and largest since December 2008.  Prices settled at $72.89 for the spot...

Crude oil prices dropped for the second straight week losing nearly 5% to close below $75.00 for the 1st time since late December as concerns over weak demand spooked investors.  Crude oil for March delivery settled at...

Record cold weather and an improved global outlook along with dollar weakness and the re-emergence of geo-politcal risk in Iran all came together last week to send crude oil prices soaring to 14-month highs.  Oil prices on...

Crude oil prices plunged to new 2-month lows last week on bearish fundamentals, falling below $70.00 for the first time since early October.  Prices for the January contract settled at $69.87, down $5.60 or 7.4% on the...