Anthony Nunan

London Oil Trades Beat New York for First Time

London’s oil futures market was busier than its New York counterpart for the first time in at least 17 years last month, reinforcing Brent crude’s ascendant role in setting global prices.

Crude Declines From Four-Day High in New York on Outlooks for Japan, U.S.

Oil slipped from the highest close in four days in New York as a downgrade of Japan’s credit rating and forecasts of growing crude stockpiles in the U.S. fanned concern slowing economic growth will reduce demand.

Refining Margins Surge in Asia After Japan Quake Knocks Out Power Plants

The profit from making gasoil in Asia surged to the highest in 2 ½ years and fuel oil’s loss narrowed the most in a month after Japan’s biggest earthquake knocked out power plants and refineries.

Ecuador's Pinto, OPEC President, Resigns as Correa Works On Legislation

Ecuador’s finance and energy ministers resigned yesterday, clearing the way for President Rafael Correa to announce cabinet changes that may boost support for proposals to grab a bigger share of mining and oil profits.

Oil Falls a Second Day on OPEC Supply Speculation, Rising U.S. Stockpiles

Oil dropped for a second day in New York as speculation mounted that OPEC will consider boosting output to compensate for disruptions in Libya and rising U.S. supplies signaled weakening demand.

Crude Oil Futures Head for Weekly Gain on U.S. Economy, Iranian Tensions

Oil headed for a weekly gain in New York on signs that the U.S. economic recovery is gaining momentum and concern that tensions with Iran may lead to a disruption in Middle East exports.

Oil Little Changed as U.S. Supplies, Europe’s Economy Counter Iran Threat

Oil was little changed in New York as rising U.S. stockpiles and signs that Europe’s economy is worsening put a limit on a weekly advance driven by speculation that sanctions would curb the supply of crude from Iran.

Oil Rises on Concern IEA Emergency Crude Release May Limit Future Supplies

Oil rose in New York, reversing yesterday’s plunge, on concerns that stockpile releases by consuming nations may limit the ability to respond to supply disruptions in future.

Oil Rises a Second Day on Forecast U.S. Crude, Gasoline Stockpiles Shrank

Oil rose for a second day on speculation crude stockpiles shrank last week in the U.S., the world’s biggest consumer of the commodity, after storms curtailed offshore production.

Asian Stocks Rise for Third Week on China, U.S. Economic Data

Asian stocks rose for a third week, its longest streak of weekly advances since July, as manufacturing growth from China to the U.S. stoked optimism the global economy will withstand Europe’s sovereign-debt crisis.

"WTI is suffering because of bottlenecks in the mid- continent that's causing localized weakness because you can't move the oil to the Gulf of Mexico."

- Anthony Nunan on May 09, 2012

Tokyo

New York

New York Mercantile Exchange

Japan

Facebook’s Saverin May Save $67 Million on U.S. Tax Bill

Greece Plans for June 17 Vote Under Caretake Government

Facebook Said to Raise Size of IPO to 421 Million Shares

Merkel-Hollande Meeting Yields Greece Growth Signal

Greek President Told Banks Anxious as Deposits Pulled