Gene McGillian

Type: Person
Name: Gene McGillian
First reported 13 hours ago - Updated 13 hours ago - 1 reports

Crude falls as Federal Reserve ends its asset-purchase program

NEW YORK : West Texas Intermediate oil fell after the Federal Reserve ended its asset-purchase program and US crude production surged to the highest level since the 1980s. Brent declined in London.Futures slipped as much as 1.6% in New York. The dollar ... [Published Economic Times - 13 hours ago]
First reported 14 hours ago - Updated 14 hours ago - 1 reports

West TX Oil near $81 on Fed Stimulus Halt

West Texas Intermediate oil fell after the Federal Reserve ended its asset-purchase program and U.S. crude production surged to the highest level since the 1980s. Brent declined in London. Futures slipped 1.3 percent in New York. The dollar strengthened ... [Published OANDA Forex Blog - 14 hours ago]
First reported Oct 29 2014 - Updated Oct 30 2014 - 1 reports

UPDATE 7-Oil ends up as U.S. crude stocks rise less than expected

* Stockpiles up by 2.1 mln barrels vs forecast build of 3.4 mln* Brent, U.S. crude up despite dollar's rally after Fed remarks* Current low oil prices do not reflect fundamentals, OPEC says(Updates with closing prices; adds Fed statement and dollar's ... [Published CNBC - Oct 29 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 2 reports

Oil rises after 2-day loss; U.S. inventories seen up again

Crude oil prices edged higher on Tuesday, with Brent hovering near $86 a barrel after two straight days of losses, as a weaker dollar helped prop up most commodities. Industry group American Petroleum Institute will issue its inventory report for the ... [Published Yahoo! Finance UK and Ireland - Oct 28 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

need2know: Wall Street jumps higher

Local shares are poised to open higher as Wall Street rallies on a mix of solid corporate results and positive economic data. • SPI futures up 23 pts at 5471• AUD at 88.62 US cents, 95.71 Japanese yen, 69.52 Euro cents and 54.89 British pence• In late ... [Published Brisbane Times - Oct 28 2014]
First reported Oct 27 2014 - Updated Oct 28 2014 - 1 reports

UPDATE 6-U.S. oil dives below $80 after Goldman cuts price forecast

* Goldman cuts Brent, U.S. crude forecasts* Losses limited by weaker U.S. dollar* Concerns about weak European data, strong supply(Recasts with WTI fall, adds comment, updates prices, changes dateline to CALGARY)CALGARY, Alberta, Oct 27 (Reuters) - U.S. ... [Published CNBC - Oct 27 2014]
First reported Oct 21 2014 - Updated Oct 22 2014 - 3 reports

Oil Ends Up After China Demand News, Fragile...

NEW YORK, Oct 21 (Reuters) - Brent crude oil ended up almost 1 percent on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.Analysts and traders cautioned, ... [Published Rigzone - Oct 21 2014]
First reported Oct 20 2014 - Updated Oct 21 2014 - 2 reports

Oil prices fall after brief rally

Oil prices dipped Monday on concerns about high supplies and more signs from key Middle Eastern producers that OPEC has no plans to cut crude output. US benchmark West Texas Intermediate for November delivery slipped four cents to $82.71 a barrel on ... [Published Yahoo! News Australia - Oct 20 2014]
First reported Oct 13 2014 - Updated Oct 14 2014 - 4 reports

Oil Slides by $2, Lowest Since 2010 on Saudi Output Signal

New York : Brent oil prices fell more than $2 a barrel to less than $88 on Monday, its lowest since 2010, after key Middle East producers signaled they would keep output high even if that meant lower prices.Brent oil prices have tanked by nearly 25 per ... [Published NDTV - Oct 13 2014]
First reported Oct 09 2014 - Updated Oct 09 2014 - 2 reports

Brent breaks below $90; worry over global economy, supply

* Brent at summer 2012 low, US crude at 22-mth bottom * US gasoline near 4-year low * Wall St plunges, German recession fears mount as exports drop * US crude stockpile figures from day ago still weigh on market (Recasts throughout with Brent's drop below ... [Published Sharenet - Oct 09 2014]
First reported Oct 06 2014 - Updated Oct 06 2014 - 2 reports

Oil prices rebound after steep slide

Crude oil prices have closed higher, staging a small rebound from last week's steep losses as a slightly weakening US dollar offered some support.The US benchmark futures contract, West Texas Intermediate (WTI) for November delivery, finished trade at ... [Published NineMSN Finance - Oct 06 2014]
First reported Oct 02 2014 - Updated Oct 03 2014 - 2 reports

Oil heads to bear market as Saudis signal price war

Oil could continue its deep slide, possibly dipping into bear market territory, under new pressure from Saudi Arabia's decision to defend market share, as opposed to cutting production to battle falling prices.A well-supplied oil market, helped by increased ... [Published Yahoo! Xtra Business - Oct 02 2014]

Quotes

...97 million barrels a day, Energy Information Administration data showed on October 29. "yesterday's fed announcement is pushing the dollar higher, which is putting selling pressure on commodities" Gene McGillian, an analyst and broker at Tradition Energy in Stamford Connecticut, said by phone
"i'm not sure if one week's data is enough to provide a bottom for this oil market until we get a stronger signal that the slowdown in china and europe is not going to keep hurting demand" said Gene McGillian, analyst at Tradition Energy in Stamford Connecticut
...Industry group American Petroleum Institute will issue its inventory report for the week at 2030 GMT. "people's focus will eventually be on the inventory reports and the market could turn later in the day" said Gene McGillian, senior analyst at Tradition Energy in Stamford Connecticut
...the inventory reports and the market could turn later in the day," said Gene McGillian, senior analyst at Tradition Energy in Stamford Connecticut. "we can't seem to find a bottom yet."

More Content

All (91) | News (60) | Reports (0) | Blogs (31) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Crude falls as Federal Reserve ends its asset-p... [Published Economic Times - 13 hours ago]
West TX Oil near $81 on Fed Stimulus Halt [Published OANDA Forex Blog - 14 hours ago]
NYMEX December natural gas settles 3.9 cents hi... [Published Platts - 17 hours ago]
Crude Falls on Federal Reserve Stimulus Halt, S... [Published Moneynews - 17 hours ago]
UPDATE 7-Oil ends up as U.S. crude stocks rise ... [Published CNBC - Oct 29 2014]
need2know: Wall Street jumps higher [Published Brisbane Times - Oct 28 2014]
Oil rises after 2-day loss; U.S. inventories se... [Published Yahoo! Finance UK and Ireland - Oct 28 2014]
UPDATE 7-Oil rises after 2-day loss; U.S. inven... [Published CNBC - Oct 28 2014]
UPDATE 6-U.S. oil dives below $80 after Goldman... [Published CNBC - Oct 27 2014]
Oil Futures Climb After Saudi Arabia Supply Sai... [Published Hellenic Shipping News Worldwide - Oct 23 2014]
UPDATE 6-Oil dips in jittery trade after second... [Published CNBC - Oct 22 2014]
Brent Oil Near $86 After Chinese Growth Exceeds... [Published OANDA Forex Blog - Oct 22 2014]
Oil Ends Up After China Demand News, Fragile... [Published Rigzone - Oct 21 2014]
UPDATE 9-Oil ends up after China demand news, f... [Published Reuters India - Oct 21 2014]
Oil ends up after China demand news, fragile re... [Published Yahoo! Finance UK and Ireland - Oct 21 2014]
Commodities markets summary [Published WA Today - Oct 20 2014]
Oil prices fall after brief rally [Published Yahoo! News Australia - Oct 20 2014]
NYMEX November natural gas settles down 9.6 cen... [Published Platts - Oct 20 2014]
Crude Falls on OPEC Production Concerns [Published 4 Traders - Oct 20 2014]
Oil Bucks Downtrend To Eek Out Small Gain [Published Rigzone - Oct 17 2014]
NYMEX front-month gas settles at 11-month low o... [Published Platts - Oct 17 2014]
UPDATE 7-Oil continues to show gains in correct... [Published CNBC - Oct 17 2014]
UPDATE 1-U.S. crude stocks jump 9 mln bbls as r... [Published Reuters - Oct 16 2014]
WTI Crude Falls Below $80 for First Time Since ... [Published Bloomberg - Oct 16 2014]
Why the stock market sell-off may be nearing an... [Published Auto.ru.msn.com - Oct 15 2014]
Oil Slides by $2, Lowest Since 2010 on Saudi Ou... [Published NDTV - Oct 13 2014]
UPDATE 11-Brent crude slides to lowest since 20... [Published CNBC - Oct 13 2014]
UPDATE 10-Oil slides $2, lowest since 2010 on S... [Published Reuters India - Oct 13 2014]
Oil slides $2, lowest since 2010 on Saudi outpu... [Published Yahoo! Finance UK and Ireland - Oct 13 2014]
UPDATE 9-Oil slides $2, lowest since 2010 on Sa... [Published CNBC - Oct 13 2014]
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West TX Oil near $81 on Fed Stimulus Halt [Published OANDA Forex Blog - 14 hours ago]
West Texas Intermediate oil fell after the Federal Reserve ended its asset-purchase program and U.S. crude production surged to the highest level since the 1980s. Brent declined in London. Futures slipped 1.3 percent in New York. The dollar strengthened ...
Brent Oil Near $86 After Chinese Growth Exceeds... [Published OANDA Forex Blog - Oct 22 2014]
West Texas Intermediate crude rose as Chinese economic growth exceeded analysts’ estimates, signaling stronger fuel demand in the world’s second-biggest oil-consuming country. Brent futures gained in London. China’s gross domestic product advanced 7.3 ...
Oil Heads for $90 on Global Economic Malaise [Published OANDA Forex Blog - Oct 09 2014]
Brent crude headed to $90 a barrel on concern weaker growth in Europe will reduce demand. West Texas Intermediate fell for a third day. Futures slipped as much as 0.9 percent in London and 0.8 percent in New York. Germany’s economy is on the edge of ...
Oil Falls After IMF Growth Forecast Cut [Published OANDA Forex Blog - Oct 08 2014]
Brent oil dropped to the lowest level since June 2012 after the International Monetary Fund cut its global growth forecasts. West Texas Intermediate fell before data that’s projected to show a U.S. crude supply gain. Futures dropped as much as 1.5 percent ...
Oil Continues Drop After Weaker Demand [Published OANDA Forex Blog - Oct 07 2014]
Brent crude slid for the fifth time in six days on concern weaker economic growth will reduce demand. West Texas Intermediate fell before inventories data. Futures extended losses after the U.S. Energy Information Administration cut its 2014 and 2015 ...
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