Jalatama Artha Berjangka News

West Texas Intermediate crude settled above $100 for a fourth day this week on better-than-expected U.S. consumer confidence.

Prices gained 0.4 percent since Feb. 7, capping the longest stretch of weekly increases in more than a year. The Thomson Reuters/University of Michigan preliminary index of sentiment held at 81.2 this month, and supplies at Cushing, Oklahoma, the delivery point for New York futures, slid to a three-month low. WTI was lower for most of the day after the Federal Reserve said factory production dropped the most since May 2009 in January.

WTI for March delivery dropped 5 cents to settle at $100.30 a barrel on the New York Mercantile Exchange. Prices climbed to a four-month high of $100.37 on Feb. 12. Volume was 5.5 percent above the 100-day average at 3:29 p.m.

Nymex floor trading will be closed Feb. 17 for the U.S. Presidents Day holiday.

Brent for April settlement gained 56 cents, or 0.5 percent, to end the session at $109.08 a barrel on the ICE Futures Europe exchange. Volume was 33 percent below 100-day average. The European benchmark crude was at premium of $8.95 a barrel to WTI for the same month. The spread settled at $8.38 yesterday, based on March prices.

(Source: Bloomberg)

Jalatama, West Texas Intermediate rose for a second day on speculation government data will show crude stockpiles dropped for a sixth week in the U.S., the world’s biggest oil consumer.

Futures climbed as much as 0.4 percent in New York. Crude inventories declined by 2.75 million barrels last week, according to a Bloomberg News survey before an Energy Information Administration report today. Supplies fell by 7.31 million, the industry-funded American Petroleum Institute said yesterday. The coldest U.S. weather in almost 20 years also signaled fuel demand may increase.

WTI for February delivery increased as much as 40 cents to $94.07 a barrel in electronic trading on the New York Mercantile Exchange, and was at $93.87 at 1 p.m. Sydney time. The contract advanced 24 cents to $93.67 yesterday. The volume of all futures traded was about 48percent below the 100-day average.

Brent for February settlement gained 1 cent to $107.36 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a $13.49 premium to WTI. The spread closed at $13.44 yesterday, narrowing for the first time in six days.

(Source: Bloomberg)

West Texas Intermediate fell for a second day as investors weighed a possible easing of economic stimulus in the U.S., the world’s biggest oil consumer.

Futures slid as much as 0.5 percent in New York. The Federal Reserve said it may pare $85 billion in monthly bond purchases “in the coming months” as the economy improves, minutes of the Federal Open Market Committee’s last meeting released yesterday show. U.S. crude supplies rose for a ninth week, according to a government report.

WTI for January delivery slid as much as 45 cents to $93.40 a barrel in electronic trading on the New York Mercantile Exchange, and was at $93.69 at 11:06 a.m. Sydney time. The contract decreased 4 cents to $93.85 yesterday. The volume of all futures traded was about 83 percent below the 100-day average. Front-month prices are up 2 percent this year.

Brent for January settlement increased $1.14, or 1.1 percent, to $108.06 a barrel on the London-based ICE Futures Europe exchange yesterday. The European benchmark ended the session at a premium of $14.21 to WTI.

U.S. crude inventories gained 375,000 barrels in the period ended Nov. 15, a report from the Energy Information Administration showed. They were projected to advance by 1 million, according to the median of 11 analyst estimates in a Bloomberg News survey.

(Source: Bloomberg)

 West Texas Intermediate rose, trimming a sixth weekly loss, as speculation the U.S. will maintain economic stimulus countered rising supplies in the world’s biggest oil consumer.

Futures gained as much as 0.3 percent in New York, heading for the longest weekly losing streak since December 1998. Prices swung between gains and losses yesterday after an Energy Information Administration report showed U.S. stockpiles climbed to the highest level since June while Janet Yellen, the nominee for Federal Reserve chairman, said she will ensure the central bank’s asset purchases don’t end too soon.

WTI for December delivery climbed as much as 28 cents to $94.04 a barrel in electronic trading on the New York Mercantile Exchange. The contract was at $93.98 at 11:01 a.m. Sydney time. It fell 12 cents to $93.76 yesterday. The volume of all futures traded was about 73 percent below the 100-day average. Prices are down 0.6 percent this week.

Brent for December settlement expired yesterday after gaining $1.42, or 1.3 percent, to $108.54 a barrel on the London-based ICE Futures Europe exchange. The more actively traded January contract rose $1.39 to $108.28. The front-month European crude ended the session at a premium of $14.78 to WTI, expanding a fifth day to the biggest gap since March.

U.S. crude inventories at Cushing, Oklahoma, the delivery point for WTI contracts and the nation’s biggest oil-storage hub, increased 1.7 million barrels to 38.2 million, the highest level since the period ending Aug. 9, according to the EIA. Total U.S. supplies jumped 2.64 million barrels last week, more than triple the 800,000-barrel average estimate by analysts in a Bloomberg survey.

(Source: Bloomberg)

West Texas Intermediate swung between gains and losses near a four-month low as a jump in a Chinese manufacturing index countered concerns about rising crude supplies in the U.S., the world’s biggest oil consumer.

Futures fluctuated in New York after capping a 5.8 percent drop in October, the most in a year. China’s Purchasing Manager’s Index (CPMINDX) was 51.4 for October, the highest in 18 months and more than the median estimate of 51.2 in a Bloomberg News survey of economists. Prices are poised for a fourth weekly decline amid an increase in U.S. crude stockpiles.

WTI for December delivery was at $96.32 a barrel in electronic trading on the New York Mercantile Exchange, down 6 cents at 12:44 p.m. Sydney time. The contract fell 0.4 percent to $96.38 yesterday, the lowest since June 26. The volume of all futures traded was about 73 percent below the 100-day average. Prices are down 1.6 percent this week.

Brent for December settlement was up 6 cents at $108.90 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $12.58 to WTI futures, compared with $12.46 yesterday.

(Source: Bloomberg)