What has been holding down crude for the past two quarters has been a combination of factors: First, negative news from Europe put the deep threat of recession contagion throughout global markets.
Chart Analysis : The monthly momentum analysis is not as clean on all markets as it has been for crude oil over the past five years.
Crude oil bulls have faded and technical damage has been inflicted in crude.
Crude oil prices are trading lower early Friday as trading has been choppy in crude recently.
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Trading has been choppy in crude oil.
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While the supply of crude has been interrupted from Libya, it appears that Saudi Arabia and the rest of OPEC can easily pick up the slack.
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Trading in crude has been choppy recently.
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Crude oil has been and will continue to be a leader in the raw commodity market sector.
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For nearly 30 years, the third month of the year has been the best month for crude oil.
The U.S. crude benchmark has been criticized as being disconnected from the global market, and has lost market share as a result.
Crude oil has been coming down in price and that should help the airlines this quarter, as long as demand for seats remains strong.
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Crude oil has been on a tear recently, rising more than 20% since mid-June despite an ailing global economy, the possibility of an implosion in the Eurozone, and a slowdown that spans from China to the U.S. Geopolitical concerns are back on the table, as Iran and Israel step up the rhetoric once again, coupled with speculation that stimulus or easing from Draghi or Bernanke will support commodity prices.
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The recent rally in crude oil prices has been a bullish factor for the precious metals.
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The energy sector has been holding up much better than crude oil prices, which finally broke their losing streak last week.
But oil prices are also being lifted by "misperceptions, " they say, including the idea that the weak U.S. dollar has been driving up the price of crude.
The island's Crude Death Rate has been predicted to rise from 720 per annum to 940 by 2030, with a quarter of these expected to die of cancer.
According to the Australian Petroleum Institute, the price of petrol "has largely been driven by rising international crude oil costs and the falling value of the Australian dollar".
Clearly, Osama bin Laden has not been having an effect on world crude production.
It's thirst for crude oil and commodities has been blamed for driving prices to record levels.
The story here is also not awe-inspiring, but since spiking in the aftermath of the horrific 1998-99 debt default and recession-within-depression, there has been a steady downward tick in the crude death rate.
Southwest has been raising passenger fares in 2012 due to rising crude oil prices.
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This provides a crude way to balance what has already been invested in a life against what might come of it.
Currently the SPR is the fullest it has ever been, with 727 million barrels of mostly light, sweet crude in storage.
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It would most likely sell the gas to oil companies in the Permian Basin, where for three decades CO 2 has been injected into old oilfields to push out an additional 15% of crude.
Exxon has long been known for keeping production costs low compared to competitors, and with crude prices on average 83.7% higher than a year ago in addition to production growth of 4.5%, last quarter should have been far better.
Crude oil futures prices were lower Monday, as price action has also been choppy on the charts.
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For some months Saudi Arabia has been pumping oil at its fastest rate in 30 years to make up for Iranian crude lost to American and European sanctions, which officially started on July 1st.
Crude oil futures prices were trading modestly higher Wednesday afternoon, as price action has also been choppy on the charts.
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