Gene McGillian

Type: Person
Name: Gene McGillian
First reported 20 hours ago - Updated 20 hours ago - 1 reports

Oil Continues Downward Trend As Supplies Remain Strong

West Texas Intermediate crude fell from a two-week high after an industry group was said to report an increase in U.S. inventories. WTI slid for the first time in three days. The American Petroleum Institute reported yesterday that supplies rose 3.3 ... [Published OANDA Forex Blog - 20 hours ago]
First reported Sep 15 2014 - Updated Sep 16 2014 - 1 reports

Oil Hits 2-Year Low; Dollar Rises Ahead Of F...

NEW YORK, Sept 15 (Reuters) - Brent crude fell below $97 per barrel on Monday, its lowest level in more than two years, as weak Chinese economic data cut the prospect for demand at a time of abundant supply, while expectations that the Federal Reserve ... [Published Rigzone - Sep 15 2014]
First reported Sep 15 2014 - Updated Sep 16 2014 - 2 reports

Brent crude hits 26-month low on weak Chinese data

Brent and U.S. crude futures fell in choppy trading on Monday, with weak Chinese economic data pushing the expiring October Brent contract to a two-year low and news that Russia’s energy minister would meet OPEC officials cushioning the drop. Oil prices ... [Published Financial Post - Top Stories - Sep 15 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

COMMODITIES-Oil tumbles, CRB hits Jan low as China data sparks selloff

NEW YORK, Sept 15 (Reuters) - Oil prices slid to a 26-month low on Monday, and many other commodities also fell in a selloff that drove a sector benchmark near its lowest level this year on discouraging data out of China along with a stronger U.S. do ... [Published CNBC - Sep 15 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

Oil Drop After Questions Rise on Chinese Growth

Brent crude declined to the lowest level in more than two years on concern slower economic growth in China will reduce demand. West Texas Intermediate also fell. Industrial output in the world’s second-biggest oil consumer expanded at the weakest pace ... [Published OANDA Forex Blog - Sep 15 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 3 reports

Oil Drops As Ample Supply Overtakes Demand

NEW YORK, Sept 12 (Reuters) - Crude oil prices fell on Friday on pressure from weak demand, ample supplies and a strong dollar.Taking what traders called a "wild ride," U.S. crude prices fell in the morning but reversed course to hold higher for most ... [Published Rigzone - Sep 12 2014]
First reported Sep 11 2014 - Updated Sep 12 2014 - 2 reports

Brent Bounces from 2-year Low; U.S. Crude Rallies

NEW YORK, Sept 11 (Reuters) - Brent crude rose and broke a string of five straight lower finishes on Thursday, climbing back from a two-year low hit after increasing supply and signs of weakening demand countered worries that conflicts in the Middle East ... [Published Rigzone - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 12 2014 - 1 reports

US oil prices rise despite gloomy demand report

New York (AFP) - US oil prices rallied Thursday despite an International Energy Agency report that said the outlook for global crude demand growth has weakened considerably.US benchmark West Texas Intermediate for October delivery gained $1.16 to close ... [Published Yahoo! News - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Commodities markets summary (AAP)

A summary of trading in key commodities markets overseas:ENERGYUS oil prices have rallied despite an International Energy Agency report that said the outlook for global crude demand growth has weakened considerably.US benchmark West Texas Intermediate ... [Published West Australian - Sep 11 2014]
First reported Sep 05 2014 - Updated Sep 05 2014 - 1 reports

Oil prices sag after disappointing US jobs data

Oil prices dropped Friday, pulled lower by a disappointing US employment report that suggested weaker economic growth.US benchmark West Texas Intermediate (WTI) for October delivery slid $1.16 to $93.29 a barrel.In London, Brent North Sea crude for October ... [Published Yahoo! Finance UK and Ireland - Sep 05 2014]
First reported Sep 05 2014 - Updated Sep 05 2014 - 2 reports

UPDATE 6-Oil drops as weak U.S. jobs data adds to demand worries

* U.S. non-farm jobs growth weakest in eight months* Ukraine, pro-Russian rebels agree to ceasefire* Libyan oil production continues to recover* Coming Up: CFTC data on investor positions 3:30 p.m. EDT(Adds Obama comments on Ukraine, Iraq, updates pr ... [Published CNBC - Sep 05 2014]
Entities: United States, Ukraine, Iran
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Crude settles near flat as market looks ahead to fall refinery maintenance

NYMEX October crude settled nearly unchanged Wednesday after US EnergyInformation Administration oil data showed US commercial crude stocks felllast week, largely in line with analysts expectations.Front-month crude settled 2 cents higher at $93.88/barrel. ... [Published Platts - Aug 27 2014]

Quotes

"maybe the pullback on the china data was a little overdone" said Gene McGillian, an analyst at Tradition Energy in Stamford Connecticut, echoing the sentiment of other analysts
...pressure lately and concerns of a lot of oil on hand to meet demand," said Gene McGillian, an analyst at Tradition Energy in Stamford Connecticut. "i'm not sure if we've found our bottom yet, but we've wiped out more than $16 in the last few months and a lot of the fears have been priced in for now."
"people decided to take some profit" McGillian said
"i think it is just a rally in an oversold market" said Gene McGillian, analyst at Tradition Energy in Stamford Connecticut

More Content

All (77) | News (49) | Reports (0) | Blogs (28) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Oil Continues Downward Trend As Supplies Remain... [Published OANDA Forex Blog - 20 hours ago]
WTI Crude Falls From 2-Week High on Supplies; B... [Published Bloomberg - 20 hours ago]
Oil Hits 2-Year Low; Dollar Rises Ahead Of F... [Published Rigzone - Sep 15 2014]
COMMODITIES-Oil tumbles, CRB hits Jan low as Ch... [Published CNBC - Sep 15 2014]
Brent crude hits 26-month low on weak Chinese data [Published Financial Post - Top Stories - Sep 15 2014]
UPDATE 7-Oil down after Brent hits 26-month low... [Published CNBC - Sep 15 2014]
Oil Drop After Questions Rise on Chinese Growth [Published OANDA Forex Blog - Sep 15 2014]
Speculators cut gas bets to 9-month low on supp... [Published World Oil - Sep 15 2014]
Oil Drops As Ample Supply Overtakes Demand [Published Rigzone - Sep 12 2014]
UPDATE 7-Oil drops as ample supply overtakes de... [Published CNBC - Sep 12 2014]
UPDATE 6-Brent drops, U.S. crude up a day after... [Published CNBC - Sep 12 2014]
NYMEX crude settles higher, despite weak IEA de... [Published Platts - Sep 12 2014]
Commodities markets summary (AAP) [Published West Australian - Sep 11 2014]
Brent Bounces from 2-year Low; U.S. Crude Rallies [Published Rigzone - Sep 11 2014]
UPDATE 7-Brent bounces from 2-year low; U.S. cr... [Published CNBC - Sep 11 2014]
US oil prices rise despite gloomy demand report [Published Yahoo! News - Sep 11 2014]
Why this is a stealth wild card for the economy [Published CNBC - Sep 11 2014]
Oil Drops to 17 Month Low on High Inventories [Published OANDA Forex Blog - Sep 10 2014]
Brent crude narrows premium over West Texas ben... [Published Fuel Fix - Sep 10 2014]
WTI Crude Rebounds From Seven-Month Low Before ... [Published World Oil - Sep 09 2014]
UPDATE 7-Brent oil back below $100 as supply we... [Published CNBC - Sep 09 2014]
Crude Prices Close at Lowest Level in More Than... [Published 4 Traders - Sep 08 2014]
Commodities markets summary (AAP) [Published Yahoo! News Australia - Sep 07 2014]
Oil Falls As Weak US Jobs Data Adds To Demand W... [Published Rigzone - Sep 05 2014]
Oil prices sag after disappointing US jobs data [Published Yahoo! Finance UK and Ireland - Sep 05 2014]
UPDATE 6-Oil drops as weak U.S. jobs data adds ... [Published CNBC - Sep 05 2014]
Oil drops as weak U.S. jobs data fuels demand w... [Published Sharenet - Sep 05 2014]
Oil Falls as Refiners Slow Operations, Curbing ... [Published Hellenic Shipping News Worldwide - Sep 04 2014]
Oil Prices Rebound on Ukraine News [Published 4 Traders - Sep 03 2014]
Markets Live: Miners weigh on ... [Published Canberra Times - Sep 03 2014]
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sort by: Date | Relevance
Oil Continues Downward Trend As Supplies Remain... [Published OANDA Forex Blog - 20 hours ago]
West Texas Intermediate crude fell from a two-week high after an industry group was said to report an increase in U.S. inventories. WTI slid for the first time in three days. The American Petroleum Institute reported yesterday that supplies rose 3.3 ...
Brent crude hits 26-month low on weak Chinese data [Published Financial Post - Top Stories - Sep 15 2014]
Brent and U.S. crude futures fell in choppy trading on Monday, with weak Chinese economic data pushing the expiring October Brent contract to a two-year low and news that Russia’s energy minister would meet OPEC officials cushioning the drop. Oil prices ...
Oil Drop After Questions Rise on Chinese Growth [Published OANDA Forex Blog - Sep 15 2014]
Brent crude declined to the lowest level in more than two years on concern slower economic growth in China will reduce demand. West Texas Intermediate also fell. Industrial output in the world’s second-biggest oil consumer expanded at the weakest pace ...
Oil Drops to 17 Month Low on High Inventories [Published OANDA Forex Blog - Sep 10 2014]
Brent oil dropped to the lowest level in almost 17 months and West Texas Intermediate fell amid speculation that slowing economic growth will add to an excess of supply. Brent traded below $100 a barrel for a third day. OPEC cut forecasts for the amount ...
West TX Oil Drops to 93.50 on Risk to Demand [Published OANDA Forex Blog - Sep 03 2014]
Brent crude futures slumped to a 16-month low and West Texas Intermediate dropped to the lowest level since January on concern slower manufacturing from Europe to China will curb global oil demand. WTI dropped for the first time in five days as the ...
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