Most experienced commodity traders know that crude oil is one of the more volatile commodity markets where the gains as well as the risks are high. Having followed the crude oil market for thirty years I am still amazed how many try to trade this market Given we're about to enter a negative season for oil prices, putting both indicators together we should remain in a $40/$50 trading range until the end of the year. Let me start by recapping some information on contango vs. backwardation. If you already After falling for three consecutive trading days, crude oil is trading at three-week low price levels in the early morning hours on September 1. At 6:30 AM EST on September 1, the West Texas Intermediate crude oil futures contract for October delivery was Shares of Oil States International Inc. (NYSE:OIS) fell 2.8% during mid-day trading on Thursday . The stock traded as low as $30.06 and last traded at $30.14, with a volume of 350,003 shares trading hands. The stock had previously closed at $31.02. Shares of Marathon Oil Corp. (NYSE:MRO) shot up 3.3% during mid-day trading on Friday after Barclays PLC raised their price target on the stock from $16.00 to $18.00. Barclays PLC currently has an overweight rating on the stock. Marathon Oil Corp. traded The index was most recently up 0.6% at 95.29. “It looks like trading in oil (and most other commodities for that matter) is all about the dollar,” said Tyler Richey, co-editor of The 7:00’s Report. “Oil surged higher on a knee-jerk reaction .
Hanoi [Vietnam], Sept. 3 (ANI): Prime Minister Narendra Modi, who arrived in Vietnamese capital Hanoi last night, will today hold bilateral talks with his Vietnamese counterpart Nguyen Xuan Phuc and will also meet President Tran Dai Quang to deepen ties in According to Achiievers Equities,Crude oil prices fell after a rise in U.S. crude inventories focused attention on a supply that has pushed stockpiles to record highs around the world. Marathon Oil Corporation (NYSE:MRO) stock is now trading at about $15.95 and lots of rating firms seem to have a target price set on the stock. Elm Ridge Management Llc who had been investing in Murphy Oil Corp for a number of months, seems to be bullish labor reports from the United States and signs that global crude oil supplies were accumulating sent oil prices lower at the start of trading Thursday. Crude oil prices started Wednesday in negative territory as market analysts discounted any signs of .