Citi Futures Perspective on Jelantah.Com

Oil falls on housing data, inventories expectation

March 31st, 2009

Front-month contract is set to end the month and quarter up about 8%
NEW YORK (MarketWatch) — Crude-oil reversed earlier gains Tuesday, moving lower as newly released U.S. housing data further raised economic worries and as analysts forecast another rise in U.S. crude inventories.
Home values in 20 major U.S. cities fell a record 19% [...]

Oil Drops a Second Day as Dollar Rally Dims Commodities’ Appeal

October 22nd, 2008

By Mark Shenk and Samantha Zee
Oct. 22 (Bloomberg) — Crude oil fell for a second day after the U.S. dollar climbed to 20-month high against the euro, reducing the appeal of commodities as a hedge.
Investors looking for protection against the dollar’s decline earlier this year helped lead crude oil, gold, corn and gasoline to [...]

SINGAPORE (Reuters) - Oil rose more than $3 on Friday, rebounding from a 15-month low below $70 on a late rally on Wall Street and growing expectations of an OPEC production cut.

October 17th, 2008

SINGAPORE (Reuters) - Oil rose more than $3 on Friday, rebounding from a 15-month low below $70 on a late rally on Wall Street and growing expectations of an OPEC production cut.
U.S. equities, the oil market’s leading barometer of global economic health, staged a late surge on Thursday as investors snapped up battered shares a [...]

Crude Oil Drops for Fourth Day on Concern Demand Will Weaken

October 6th, 2008

By Margot Habiby
Oct. 6 (Bloomberg) — Crude oil fell for a fourth day as the credit crisis deepened in Europe, adding to concern that global economic growth will slow and reduce demand for fuels.
Oil dipped as low as $88.89 a barrel after European leaders pledged to bail out troubled banks and protect depositors. OPEC [...]

Futures oil prices rise again

September 18th, 2008

Gregory Meyer
CRUDE oil futures leaped more than $US6 a barrel yesterday shaking off recent weakness after US stockpiles slumped.
Light, sweet crude for October delivery settled up $US6.01 or 6.6 per cent, at $97.16 a barrel on the New York Mercantile Exchange.
November Brent crude on the ICE futures exchange finished up at $US5.62, or 6.3 per [...]

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