American Petro Hunter - Industry Commentary

Oil Rises to Seven-Week High as Global Equity Markets Advance

Tue, 2 Mar 2010 00:00:00

Crude oil rose to a seven-week high as equity markets advanced, increasing optimism that a growing global economy will bolster fuel demand.

Oil climbed as much as 2.9 percent as the MSCI Emerging Markets Index climbed to its highest level in five weeks after India�s economy improved. The gain accelerated as the dollar weakened against the euro, raising demand for commodities as an alternative investment.

�We are seeing new fund money come into commodities,� said Carl Larry, president of Oil Outlooks & Opinions LLC in Houston. �Everyone is focused on growth and how best to profit from it. [more]

Crude Oil Climbs a Fourth Day on Improved Outlook for Demand.

Wed, 10 Feb 2010 00:00:00

Crude oil rose for a fourth day in New York on speculation oil demand will increase this year as Europe help tackle Greece�s crippling debt problem and China reported a lower-than-expected inflation gain.

Asian stocks climbed after consumer prices in China rose 1.5 percent in January from a year ago, lifting expectations that the country will delay raising interest rates. The median forecast in a Bloomberg News survey of economists was for a 2.1 percent increase. Prices also gained on prospects that Germany and France will aid Greece to overcome its budget deficit. [more]

Oil Rises for the First Time in Six Days as U.S. Equities Gain

Tue, 19 Jan 2010 00:00:00

Crude oil rose for the first time in six days as U.S. equities, led by health companies, climbed on speculation Republicans will block an industry overhaul.

Oil rebounded after the Standard & Poor�s 500 Index gained the most in two weeks. Hedge-fund managers and other large speculators increased their bets on strengthening crude oil prices to the highest level since at least 1983, U.S. [more]

Oil Rally Set to Go Above $85, BarCap Says: Technical Analysis

Mon, 11 Jan 2010 00:00:00

Crude oil�s four-week rally hasn�t run its course and prices will reach at least $85.55 a barrel in New York, according to technical analysis by Barclays Capital.

Oil has advanced nearly 6 percent this year to more than $83 a barrel as plummeting temperatures around the world stoked demand for heating fuels. Crude will gain as prices extend a �sling-shot� pattern of rises and declines in place since last summer, according to the bank.

Oil�s drop on Jan. 7. [more]

Oil Rises a Seventh Day, Set for Biggest Annual Gain in Decade

Wed, 30 Dec 2009 00:00:00

Crude oil rose for a seventh day as colder weather in the U.S. increased demand for heating fuels. Prices are poised for the biggest annual gain since 1999 on optimism consumption will rebound as the global economy recovers.

Oil settled at a six-week high yesterday on concern unrest in Iran may disrupt supplies from the second-largest producer in the Organization of Petroleum Exporting Countries. Signs the U. [more]

Oil Recovers to Above $73 on Surprise Inventory Drop

Wed, 9 Dec 2009 00:00:00

Oil moved up above $73 a barrel on Wednesday, after falling more than $1 the previous day, supported by industry data showing an unexpectedly large drop in U.S. crude stocks, but gains were curbed by the steady dollar.

Crude inventories in the world's largest oil consumer fell 5.8 million barrels last week, bucking expectations for an increase, as refiners boosted fuel production, the American Petroleum Institute (API) said.

U. [more]

Crude Oil Rises for First Time in Five Days on Dollar Decline

Tue, 8 Dec 2009 00:00:00

Crude oil rose for the first time in five days as the dollar weakened and some investors took the view a decline below $75 made it an attractive investment.

Oil snapped four days of losses as the dollar fell against the euro, increasing the appeal of commodities as an alternative investment. The contract has traded between $75 and $81 for almost eight weeks and yesterday settled below $75 for the first time since Oct. 13.

�Markets had for a while started to get used to the $75 to $80 a barrel range for oil, and the move to the lower part of that range is probably attracting some buying,� David Moore, a commodity strategist at Commonwealth Bank of Australia Ltd. in Sydney, said by telephone. [more]

OPEC Oil Production Surges As Price Climbs

Wed, 2 Dec 2009 00:00:00

OPEC oil production is at its highest level in almost a year, an industry survey showed Tuesday, showing the cartel's rebound from late 2008 as members capitalize on the rise in crude prices this year.

The Organization of Petroleum Exporting Countries produced on average 26.65 million barrels of oil a day in November, according to a Dow Jones Newswires survey of analysts and traders. The figures don't include Iraq, which isn't bound by OPEC's output quotas as the other 11 nations are.

It is the highest output level since December 2008, when the 12-nation cartel was scrambling to slash output as the global recession was deepening and crude prices were tumbling.

OPEC, which pumps a little more than 40% of the crude consumed globally every day, is producing about 1. [more]

Oil Rises as Dollar Falls to 15-Month Low, U.S. Demand Climbs

Wed, 25 Nov 2009 00:00:00

Crude oil rose as the dollar dropped to a 15-month low against the euro and a government report showed that U.S. fuel demand gained for a second week.

Oil increased 2.6 percent after the greenback retreated on the Federal Reserve�s signal that it will tolerate a weaker currency. A lower dollar bolsters the appeal of commodities as an alternative investment. [more]

Oil Rises the Most in a Month on Weaker Dollar, Equity Gain

Mon, 16 Nov 2009 00:00:00

Crude oil rose the most in a month as the dollar weakened and the Standard & Poor�s 500 Index increased to a 13-month high, bolstering confidence that the global economy and energy demand are recovering.

Oil climbed as much as 3.5 percent as the U.S. currency�s drop encouraged the purchase of alternative investments. Stocks rose after U. [more]