Gene McGillian

Type: Person
Name: Gene McGillian
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Rebounding NYMEX crude settles $1.41/b higher on strong fundamentals

NYMEX October crude settled $1.41 higher at $95.96/barrel Friday amidstill-strong fundamentals and a repricing-in of geopolitical risk.ICE October Brent lagged slightly, setting 73 cents higher at $103.19/b.Products finished in positive territory as well, ... [Published Platts - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Natural gas price poised for 1st monthly advance in 3 on warm weather

Natural Gas PriceiNVEZZ.com, Friday, August 29: The price of natural gas futures has been trading in a 4.6-cent range above $4 per million British thermal units so far today and was slightly down as of 14:09 BST. It hit a six-week high yesterday, as a ... [Published Invezz - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Oil Rises After Positive US Economic Data

West Texas Intermediate crude headed for the first weekly gain in more than a month on speculation an improving U.S. economy will boost fuel demand. Prices rose for a fourth day after touching a seven-month low on Aug. 25. U.S. economy expanded more ... [Published OANDA Forex Blog - Aug 29 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

UPDATE 6-Brent falls, U.S. crude rises as global demand seen weak

* Atlantic oil market over-supplied, traders and analysts sayU.S. oil production rise more than offsets supply losses -EIA* Fire hits BP's largest U.S. refinery, at Whiting, Indiana* Hope fades for Ukraine-Russia ceasefire deal(Updates prices to settlement; ... [Published CNBC - Aug 28 2014]
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]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Oil Rises Before Inventory Report with Decline Forecasted

West Texas Intermediate increased for a second day before a government report that’s forecast to show U.S. crude stockpiles dropped. Brent advanced in London. Crude supplies probably fell by 2.5 million barrels last week, according to a Bloomberg survey ... [Published OANDA Forex Blog - Aug 27 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

Oil Prices Edge Lower as Large Supply Weighs on Market

By Christian BerthelsenU.S. oil prices edged lower Monday as abundant supplies weighed on the market, muting any potential impact from conflicts in Ukraine and Libya.Supply-demand fundamentals are becoming the dominant driver in oil markets, with growing ... [Published 4 Traders - Aug 25 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 1 reports

Oil complex arrests slide amid Russia incursion, US macro data

NYMEX September crude Friday rebounded from a seven-month low to settle$1.77 higher at $97.35/barrel amid overextended selling and profit takingamong this week's shorts.ICE October Brent bounced back from a 13-month low, rising $1.46 tosettle at $103.59/b. ... [Published Platts - Aug 15 2014]
First reported Aug 14 2014 - Updated Aug 14 2014 - 2 reports

Brent Sheds $2; Oil ETF Shares Slide

Crude oil prices fell more than $2 a barrel on both sides of the Atlantic on Thursday, sunk by weak economic data hinting at softening oil demand and by ample supplies.The U.S. crude contract retreated more than 50 cents in a minute as shares of the exchange-traded ... [Published FOXBusiness.com - Aug 14 2014]
First reported Aug 12 2014 - Updated Aug 13 2014 - 2 reports

Oil prices fall on weak demand forecast (AFP)

AFP Oil prices fall on weak demand forecastNew York (AFP) - Oil prices dropped Tuesday with the main European benchmark contract sinking to a 13-month low after the International Energy Agency slashed its demand outlook for 2014 and 2015.US benchmark ... [Published West Australian - Aug 12 2014]
First reported Aug 07 2014 - Updated Aug 08 2014 - 3 reports

Oil prices rise on reports U.S. mulling airstrikes on Iraqi militants

* Islamist insurgents advance closer to northern oilfield * Car bombs kill nine in Kurdish-held Kirkuk - sources (Updates prices to settlement, adds Brent-WTI spread) NEW YORK, Aug 7 (Reuters) - Crude oil prices rebounded on Thursday after reports the ... [Published Sharenet - Aug 07 2014]
First reported Aug 04 2014 - Updated Aug 05 2014 - 5 reports

Brent crude climbs past $105 a barrel

NEW YORK: Oil prices climbed as last week’s steep drop attracted buyers, and investors shifted their attention from worries about swelling supplies to concern about ongoing violence in North Africa in the Middle East.Last week, Brent slid 3.3 percent ... [Published Arab News - Aug 05 2014]

Quotes

"brent-u.s crude pushed above $9 again and that's a pretty lofty premium given that we don't have a supply disruption" said Gene McGillian, an analyst with Tradition Energy in Stamford Connecticut
"overall, the main theme in the market is we have ample supplies" said Gene McGillian, an analyst at wholesale brokerage Tradition Energy

More Content

All (86) | News (63) | Reports (0) | Blogs (23) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Speculators Turn More Bullish on Oil Before Lab... [Published Bloomberg - 20 hours ago]
Rebounding NYMEX crude settles $1.41/b higher o... [Published Platts - Aug 29 2014]
Natural gas price poised for 1st monthly advanc... [Published Invezz - Aug 29 2014]
Oil Rises After Positive US Economic Data [Published OANDA Forex Blog - Aug 29 2014]
UPDATE 6-Brent falls, U.S. crude rises as globa... [Published CNBC - Aug 28 2014]
Crude settles near flat as market looks ahead t... [Published Platts - Aug 27 2014]
Oil Rises Before Inventory Report with Decline ... [Published OANDA Forex Blog - Aug 27 2014]
Oil Prices Edge Lower as Large Supply Weighs on... [Published 4 Traders - Aug 25 2014]
WTI Crude Futures Trade Near 7-Month Low; Brent... [Published Bloomberg - Aug 25 2014]
Oil complex arrests slide amid Russia incursion... [Published Platts - Aug 15 2014]
Brent Sheds $2; Oil ETF Shares Slide [Published FOXBusiness.com - Aug 14 2014]
Brent, U.S. crude shed $2; oil ETF shares slide [Published Sharenet - Aug 14 2014]
Brent oil falls fourth time in five days on Eur... [Published Business Standard India - Aug 14 2014]
Brent falls to 13-month low on stalled Europe e... [Published Financial Post - Top Stories - Aug 14 2014]
Analysts expect 81-85 Bcf US gas storage build,... [Published Platts - Aug 13 2014]
Gas prices turn into a silver lining for consumers [Published CNBC - Aug 12 2014]
Oil prices fall on weak demand forecast (AFP) [Published West Australian - Aug 12 2014]
Oil prices fall on weak demand forecast [Published Yahoo! UK and Ireland - Aug 12 2014]
West TX Oil Clings to $98 on Further Draws on S... [Published OANDA Forex Blog - Aug 12 2014]
Oil below $105, Iraq pumps crude despite conflict [Published DailyMe.Com - Aug 12 2014]
Oil Rises Slightly; Geopolitics Have Limited Ef... [Published 4 Traders - Aug 11 2014]
U.S. oil edges up on expectations of inventory ... [Published Sharenet - Aug 11 2014]
Crude Oil Gains a Second Day as U.S. Strikes Mi... [Published Washington Post - Aug 08 2014]
Brent Oil Back Above $105.50 on Potential Suppl... [Published OANDA Forex Blog - Aug 08 2014]
Oil prices rise on reports U.S. mulling airstri... [Published Sharenet - Aug 07 2014]
Oil prices gain as US eyes Iraq action [Published NineMSN Finance - Aug 07 2014]
UPDATE 8-Oil edges up as traders worry about su... [Published Reuters - Aug 07 2014]
Oil edges up on reports Obama considers Iraq ai... [Published Sharenet - Aug 07 2014]
UPDATE 9-Brent oil up on geopolitical worry, U.... [Published CNBC - Aug 06 2014]
Oil complex settles lower on weak fundamentals [Published Platts - Aug 05 2014]
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sort by: Date | Relevance
Oil Rises After Positive US Economic Data [Published OANDA Forex Blog - Aug 29 2014]
West Texas Intermediate crude headed for the first weekly gain in more than a month on speculation an improving U.S. economy will boost fuel demand. Prices rose for a fourth day after touching a seven-month low on Aug. 25. U.S. economy expanded more ...
Oil Rises Before Inventory Report with Decline ... [Published OANDA Forex Blog - Aug 27 2014]
West Texas Intermediate increased for a second day before a government report that’s forecast to show U.S. crude stockpiles dropped. Brent advanced in London. Crude supplies probably fell by 2.5 million barrels last week, according to a Bloomberg survey ...
Brent falls to 13-month low on stalled Europe e... [Published Financial Post - Top Stories - Aug 14 2014]
Brent oil slumped to a 13-month low and West Texas Intermediate slipped as the euro bloc’s economic recovery stalled amid signs of ample global supply. Futures fell as much as 2.1% in London and 1.7% in New York. Euro-area gross domestic product in ...
West TX Oil Clings to $98 on Further Draws on S... [Published OANDA Forex Blog - Aug 12 2014]
U.S. crude oil edged up on Monday as traders moved to cover short positions amid expectations on further draws in domestic crude inventory stocks. Brent was weaker but the markets were supported by a number of geopolitical risks carrying over from last ...
Brent Oil Back Above $105.50 on Potential Suppl... [Published OANDA Forex Blog - Aug 08 2014]
Crude oil climbed on Thursday, rebounding from the lowest prices in months as the security situation in northern Iraq deteriorated, raising concerns of supply disruptions. Brent and U.S. crude contracts rallied, after reports that U.S. President Barack ...
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