News about <![CDATA[BNO]]> News about en-us <![CDATA[Crude Oil Futures Steady After Inventory Report]]> DailyFinance.com: The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 300,000 barrels last week, bringing the total U.S. commercial crude inventory to 394.1 million ... Read more]]> <![CDATA[Brent Slips Below $103 on Weak Global Economy]]> Brent crude oil slipped below $103 on Thursday after weak demand forecasts and rising stockpiles put pressure on prices. The commodity traded at $102.99 at 8:53 GMT on Thursday morning amid concern that summer driving season in the US wasn't driving up demand as it has in the past.

US gasoline

]]> <![CDATA[Crude Oil Futures Hold Gains After Inventory Report]]> DailyFinance.com: The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.5 million barrels last week, bringing the total U.S. commercial crude inventory to 393.8 ... Read more]]> <![CDATA[Crude Oil Futures Rise on Lower Crude and Gasoline Inventory Levels]]> DailyFinance.com: The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 6.3 million barrels last week, bringing the total U.S. commercial crude inventory to 391.3 ... Read more]]> <![CDATA[Backwardation Report: Cotton, Crude and Gasoline Face Falling Prices]]> Backwardation is the process where near-month futures are more expensive than those expiring later in time, which creates a downward sloping curve for prices over time. It is a natural occurrence in the commodity world, but it’s still a phenomenon that traders need to be aware of. Often, a falling futures curve could mean that the market expects the commodity to take a drop in value or that it is currently overpriced [for more commodity futures news and analysis subscribe to our free newsletter]. See the full story here →

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]]> <![CDATA[Brent Lower on Ample Supply and Waning Demand]]> Further indications of a slow global economic recovery coupled with ample supply set crude futures up for their largest weekly drop since mid April on Friday. Brent prices slipped toward $102 and traded at $102.45 at 9:17 GMT on Friday morning.

Brent tumbled to a three week low on Thursday following

]]> <![CDATA[Brent Slips Toward $100 on Strong Dollar and Weak Chinese PMI]]> Brent crude oil dropped below $102 on Thursday morning after the dollar hit new three year highs on Wednesday following the release of the Federal Reserve's meeting minutes and Chairman Ben Bernanke's testimony to congress. The commodity traded at $101.61 at 7:39 GMT on Thursday morning after Chinese data continued

]]> <![CDATA[Crude Oil Futures Fall, Gasoline Inventories Jump Again]]> DailyFinance.com: The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 300,000 barrels last week, bringing the total U.S. commercial crude inventory to 394.6 million ... Read more]]> <![CDATA[Brent Dips on US Demand Woes]]> Brent crude oil fell on Wednesday after an unexpected rise in US gasoline stockpiles reignited worries that the summer driving season's demand in the number one oil consuming nation may be weaker than anticipated. The commodity traded at $103.21 at 9:18 GMT on Wednesday morning.

On Tuesday, the American Petroleum Institute

]]> <![CDATA[Brent Steady Near $105 Ahead of FED Minutes]]> Brent crude oil traded steadily at $104.62 on Monday morning at 5:58 GMT as the commodity inched towards $105 on improving economic data and strong equity markets. However, a tepid demand outlook and market oversupply kept a lid on prices.

Last week, the International Energy Agency forecast both waning oil demand

]]> <![CDATA[Strong Dollar Weighs on Brent Prices]]> A strong dollar and demand worries kept Brent under pressure on Friday morning after news that the US Federal Reserve may end its monetary stimulus lifted the greenback. Brent is poised to end the week with little change and traded at $104.15 at 9:41 GMT on Friday morning.

CNBC reported

]]> <![CDATA[Brent Steadies on Hopes of US Recovery]]> Brent crude oil neared $103 on Tuesday as hopes that the US economy was getting back on track countered the commodity's losses due to waning demand. Brent traded steadily at $102.92 at 6:12 GMT on Tuesday morning.

The commodity suffered losses on Monday after Chinese refineries dropped their processing to an

]]> <![CDATA[Brent Remains Near $104 on Mixed US and Chinese Data]]> Brent crude oil traded steadily near $104 on Friday morning as mixed signals kept the commodity trading in a tight range. Brent traded at $104.11 at 8:05 GMT on Friday morning after positive US data gave the commodity a lift, but uncertainty in China kept a lid on prices.

American jobless

]]> <![CDATA[Global Demand Outlook Brightens for Brent]]> Brent crude oil traded steadily near $104 on Thursday after positive data chipped away at demand outlook concerns. The commodity traded at $103.75 at 8:14 GMT on Thursday morning.

Gains from positive jobs data have been maintained as the rest of the world contributed to an improving demand outlook sentiment.

]]> <![CDATA[Brent Steady Above $104 on Chinese Import Data]]> Customs Data from China showed that refiners were taking advantage of low prices in April as the number two oil consuming nation's imports rose 3.5 percent from March's figures. The data gave Brent prices a lift, but the commodity remained under pressure from global demand worries.

China's increase in imports came

]]> <![CDATA[Crude Oil Futures Prices Sag Following Inventory Report]]> DailyFinance.com: The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 200,000 barrels last week, bringing the total U.S. commercial crude inventory to 395.5 million ... Read more]]> <![CDATA[Deflation Pulse: Crude Oil ETFs are Weakening]]> ]]> <![CDATA[Backwardation Report: Energy And Grains Face Falling Curves]]> Backwardation and contango are two phenomena that define the futures industry of the commodity world. Though the terms have come handcuffed with a negative connotation, those who understand how they work should not sweat their existence. Backwardation is the process by which near month futures are more expensive than those expiring further into the future, creating a downward sloping curve for future prices over time. Contango, simply, has the opposite impact [for more commodity news and analysis subscribe to our free newsletter]. See the full story here →

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]]> <![CDATA[Is the Russia ETF in Trouble? – ETF News And Commentary]]> <![CDATA[EU Gives Cyprus an Ultimatum: Raise Funds or Banks Will Fail]]> The euro hovered above $1.29 on Friday morning after data showed that the region continued to slide in March and Cyprus' problems worsened.

The New York Times reported that the index of purchasing managers by Markit Economics showed the eurozone was on a steady downward decline.

The data confirmed

]]> <![CDATA[Brent Gains on US Jobs Data]]> Brent crude oil ticked up on Friday morning and traded at 109.28 after data from the US pointed to a better global demand outlook and the threat of supply interruption in the Middle East lent support to the commodity.

The US released strong jobs data which added to mounting evidence that

]]> <![CDATA[Brent Below $109 as Global Demand Wanes]]> Brent crude oil fell further on Thursday morning and traded at $108.68 at 9:28 GMT. The commodity faced pressure from waning global demand after the two largest consumers, the US and China, struggled with stalling growth.

China's central bank worried investors by making comments about stabilizing inflation expectations. The remarks sparked

]]> <![CDATA[Brent Oil ETF (BNO): Time to Sell? – ETF News And Commentary]]> <![CDATA[Trade Deficit Widens on Increased Oil Imports]]> The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced Thursday that total January exports of $184.5 billion and imports of $228.9 billion resulted in a goods and services deficit of $44.4 billion, up from $38.1 billion in December, revised.

Excluding petroleum, the

]]> <![CDATA[Brent Rises After Unsuccessful Talks in Iran]]> Brent crude oil began the week trading steadily below $118 as geopolitical tension and an overall positive sentiment regarding the global economy supported prices. The commodity traded at $117.89 at 8:45 GMT on Monday morning.

Data last week put pressure on Brent prices after eurozone nations posted large drops in GDP,

]]> <![CDATA[Brent Steady as Supply Woes Balance Demand Worries]]> Brent crude oil traded steadily at $118.13 at 9:43 GMT on Thursday morning following news that the US and Iran failed to reach an agreement in talks about Iran's nuclear program.

The commodity has been gaining momentum as the world's largest economies show signs of improvement and support speculation that the

]]> <![CDATA[Brent Strong on OPEC Report]]> Brent crude oil traded steadily below $119 on Wednesday morning after the US Energy Information Administration and the Organization of the Petroleum Exporting Countries both increased their outlook for oil consumption based on recent signs of recovery within the global market.

The commodity traded at $118.63 at 10:46 GMT on

]]> <![CDATA[Brent Dips on Eurozone Concern]]> Brent crude oil lost some of its momentum on Tuesday morning after eurozone concerns moved to the forefront and overshadowed positive growth in China. The commodity traded at 118.08 at 7:30 GMT on Tuesday.

After four weeks of gains driven by confidence in the global economy, Brent pulled back as investors

]]> <![CDATA[New Eurozone Budget Bridges the Gap Between the North and South]]> The euro traded steadily on Friday morning after falling on Thursday after European Central Bank President Mario Draghi closed the bank's policy meeting with comments suggesting he isn't expecting to see signs of recovery within the region until later in 2013.

On Friday morning, the euro traded at 1.3423 as

]]> <![CDATA[Brent Strong As Global Economy Recovers]]> According to CNBC, most analysts believe the market is nearing the top, and since the general sentiment is that the worst is over for the global economy, Brent isn't expected to rise much higher.

U.S. inventories have been on the rise recently, suggesting that the world's number one oil

]]> <![CDATA[Pump Profits with This Gasoline ETF – ETF News And Commentary]]> <![CDATA[Brent Steady as Positive PMI Data Overpowers Political Scandal]]> Brent crude oil held steadily above $116 on Wednesday morning after fears that the eurozone's political problems would derail the region's recent recovery were overshadowed by positive data which suggested the global economy was on the mend.

The commodity traded at $116.26 on Wednesday morning.

Political uncertainty in two of

]]> <![CDATA[Brent Falls on Spanish Corruption Scandal]]> Brent crude oil edged down toward $115 on Tuesday morning as eurozone politics cooled the region's recent optimistic financial revival. The commodity slipped to $115.13 on Tuesday.

Eurozone politics moved into the spotlight on Monday after a selloff of Italian and Spanish bonds caused many to worry that the eurozone recovery

]]> <![CDATA[Brent Trades Near $115 As Global Economies Recover]]> Brent crude oil traded steadily near $115 on Thursday morning as data supporting hopes of a global economic recovery flooded the market. The commodity traded at $114.68.

On Wednesday, the U.S. Federal Reserve concluded a two day meeting in which it decided to continue its aggressive easing stance by promising

]]> <![CDATA[Brent Could Reach New Highs This Week on U.S. Economic Data]]> Brent crude oil began the week trading that $113.21 on Monday morning. The commodity has found support from signs that the world's largest economies are recovering as well as rising tension within the Middle East.

The U.S. has been posting positive economic data in recent weeks and leading investors to believe

]]> <![CDATA[Brent Poised to Post Second Week of Gains]]> Brent crude oil moved closer to posting gains for the second week in a row on Friday morning as it traded above $113. The commodity was buoyed by positive data from the world's largest economies, which suggested the global economy was on the road to recovery. Brent traded at $113.31

]]> <![CDATA[Renewed Demand Fears Weigh on Brent]]> Brent crude oil traded at 111.81 at 8:48 GMT on Monday morning. The commodity felt pressure of global economic worries as sluggish growth in Japan and uncertainty surrounding the US debt crisis drove the market. An assessment by the Organization of the Petroleum Exporting Countries last week caused investors to

]]> <![CDATA[Brent Settles Near Above $111 As Global Economy Improves]]> Brent crude oil steadied above $111 on Friday morning after a spike following news of the Algerian hostage situation. The commodity traded at 111.18 on Friday morning.

On Wednesday, Islamist militants raided an Algerian energy field and reportedly captured 41 hostages, including several Westerners. According to the BBC, the Algerian

]]> <![CDATA[Brent Steady Below $110 After Algerian Energy Field Raid]]> Brent crude oil slipped below $110 on Thursday after the unexpected opening of a North Sea pipeline system. The commodity traded at 109.92 at on Thursday morning.

After a leak was discovered in the Cormorant Alpha platform in the North Sea, the pipeline was closed for repair, cutting off supply on

]]> <![CDATA[Brent Sinks on Chinese Inflation]]> Brent Crude Oil sunk on Friday morning after Chinese data showed that inflation was rising faster than expected in the number two oil consuming country. The commodity traded at $111.71 on Friday morning.

On Thursday afternoon, Brent spiked after Saudi Arabia cut its oil production to combat the market's oversupply and

]]> <![CDATA[Brent Steady as Investors Proceed with Caution]]> Brent Crude Oil traded steadily below $112 on Wednesday morning as investors proceeded with caution ahead of several upcoming indicators of the global economy's health. The commodity was trading at $111.84.

The biggest driver of Brent prices has been the question of whether or not supply will outpace demand in

]]> <![CDATA[Fiscal Cliff Euphoria is Wearing Off]]> Brent crude oil declined on Thursday morning as increased prices due to the fiscal cliff deal were deemed unsustainable. Brent traded at 112.15 on Thursday morning.

Now that the fiscal cliff has been averted, many investors have turned their attention to the debt-ceiling in America. U.S. lawmakers are likely in

]]> <![CDATA[U.S. Fiscal Cliff Deal Sends Brent Soaring]]> Brent crude oil rocketed above $112 on Wednesday morning after an 11th hour fiscal cliff deal in the U.S.

Fears that the number one oil consumer would slip into recession were eased as U.S. lawmakers came to an agreement to avert the $600 billion package of tax increases and spending

]]> <![CDATA[Euro Holding Above $1.30 Under Fiscal Cliff Pressure]]> The euro traded at 1.3196 on Monday morning as the New Year approached. The common currency has had a tumultuous year as the regions economies struggled to overcome debt problems and repay lenders.

The euro is under heavy pressure as the U.S. comes down to the wire with its fiscal

]]> <![CDATA[Brent Hangs on 11th Hour Fiscal Cliff Decision]]> Brent crude oil traded above $110 on Monday morning as investors waited to hear about a fiscal cliff deal in the U.S. The commodity traded at $110.39 just hours before the US was set to fall over the fiscal cliff.

U.S. lawmakers have been negotiating all weekend to come to an

]]> <![CDATA[Brent Prices Dependent on Fiscal Cliff]]> Brent crude oil traded at 110.64 on Friday morning as US lawmakers scheduled an emergency meeting to try to resolve its deficit problems. The commodity has shouldered heavy doubts that the world's number one oil consumer, the US, would reach an agreement before the January 1st fiscal cliff deadline.

After weeks

]]> <![CDATA[Brent Strong On Optimistic Fiscal Cliff Hopes]]> Brent crude oil climbed on Wednesday morning on news that the U.S. would resume fiscal cliff talks shortly after the Christmas holiday. The commodity traded at 109.26 as investors hoped U.S. lawmakers would reach a last minute deal on the looming package of spending cuts and tax increases set to

]]> <![CDATA[The Best And Worst Energy ETFs Of 2012]]> The energy sector has been anything but stable this year, as commodities as a whole suffered at the hands of volatile trading. Crude oil prices surged all across the board while popular natural gas struggled to maintain a direction. With 2012 coming to a close, we take a look back on the year and outline the best and worst performing energy ETFs. Note that this list excludes leveraged and inverse products [for more energy ETF news and analysis subscribe to our free newsletter]. See the full story here →

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]]> <![CDATA[Brent Nears $109 as Market Sentiment Improves]]> Brent crude oil continued to climb on Wednesday morning, trading at $108.92. Prices were lifted as U.S. lawmakers furthered their negotiation of the 2013 budget and worked to avert the upcoming ‘fiscal cliff'.

Markets were lifted as news on Tuesday reported that that President Obama and Speaker of the House John

]]> <![CDATA[Commodity HQ Profile: John Fredriksen]]> John Fredriksen is a self-made billionaire who built his financial empire as a shipping magnate, primarily in the business of transporting oil, then continued his success in offshore oil drilling. Fredriksen is currently ranked number 75 on Forbes’ list of billionaires, and listed at 68 on Bloomberg’s list of the 200 richest people. His net worth is currently estimated at $13.3 billion as per Bloomberg’s figures. Britain’s Sunday Times lists him as the ninth richest person residing in the country, where they estimate his wealth at £6.6 billion [for more commodity news and analysis subscribe to our free newsletter]. See the full story here →

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