Friday, February 1, 2013

Oil falls as uncertainty hits energy markets | Synopsis

Oil falls as uncertainty hits energy markets

History of Global Oil Reserves
History of Global Oil Reserves by KAZVorpal
License (according to Flickr): Attribution-ShareAlike License
Excerpt:

Benchmark crude for February delivery fell 43 cents to $ 92. 66 per barrel at late afternoon Bangkok time in electronic trading on the New york city Mercantile Exchange. The agreement closed 17 cents at $ 93. 09 a barrel on the Nymex on Friday after the U.S. Energy Department's Energy Information Administration reported a much bigger drop in the country 's crude supplies than experts anticipated. Independently, crude stocks fell by about 12 million barrels for the week ending Dec. 28, according to the American Petroleum Institute. Monday's decline in oil prices follows the launch of a transcript of the Federal Reserve's December conference showing that policymakers disagreed over exactly how long to keep a bond-purchase program in spot. Traders inferred the Fed might reduce the program, which might send U.S. interest rates, and for that reason the dollar, higher.

People:

Brent crude

Overall Sentiment: 0

Relevance: 0.803154

Michael Hewson

Overall Sentiment: -0.0812482

Relevance: 0.517764

SentimentQuote
-0.136333"Crude oil prices have struggled to react with conviction one way or the other," said Michael Hewson, ...
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: -0.136333
  • Mean: -0.136333
  • Standard Deviation: 1.4142135623731

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

FieldTerminology: Crude oil prices

Overall Sentiment: -0.238442

Relevance: 0.95603

FieldTerminology: oil prices

Overall Sentiment: -0.116589

Relevance: 0.611089

Country: U.S.

Overall Sentiment: 0.0889408

Relevance: 0.520783

Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmEditorReferences:

City: Bangkok

Overall Sentiment: 0.129608

Relevance: 0.481432

Disambiguation: AdministrativeDivisionReferences:

City: New York

Overall Sentiment: 0.0198225

Relevance: 0.435237

City: London

Overall Sentiment: 0

Relevance: 0.359207

Organization: U.S. Energy Department

Overall Sentiment: 0.0831384

Relevance: 0.490808

Organization: American Petroleum Institute

Overall Sentiment: 0.0105974

Relevance: 0.471016

Organization: Fed

Overall Sentiment: 0.0776558

Relevance: 0.406327

Organization: Labor Department

Overall Sentiment: 0.0188235

Relevance: 0.39328

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