The prices of crude oil continued their upward trend during last week as both WTI and Brent rose by 0.3% and 1.2%, respectively. The gap of Brent oil over WTI slightly widened again by the end of the week; the…
Oil Outlook for June 23-27
Category: Crude Oil Forecast
crude oil forecast and outlook
Oil Outlook for June 16-20
The oil market heated up in the past week following the fighting in Iraq, which has raised the uncertainty in the Middle East. As a result, both prices of oil including WTI and Brent rose by4.1% and 4.4%, respectively. The…
Financial Market Forecast for June 16-20
Leading commodities markets heated up again in the past week as the prices of precious metals, natural gas and oil rallied. This week, the main event of the week will revolve around the upcoming FOMC meeting and press conference. Several…
Oil Outlook for June 9-13
The oil market didn’t move much last week as oil prices (WTI and Brent) slightly declined during last week. WTI inched down by 0.05%; Brent oil declined by 0.73%. As a result, the gap of Brent oil over WTI slightly…
Financial Market Forecast for June 9-13
The commodities and forex markets remained relatively unchanged last week as the prices of precious metals, natural gas and oil slightly moved. This week, many news items of the agenda including: U.S PPI, China’s industrial production, U.S JOLTS report, EU…
Oil Outlook for June 2-6
The oil market slightly eased down as oil prices (WTI and Brent) moderately declined during last week. WTI slipped by 1.6%; Brent oil declined by 1%. As a result, the gap of Brent oil over WTI slightly widened by the…
Financial Market Forecast for June 2-6
The commodities market cooled down, while U.S equities rally during the previous week. This week, in the U.S several economic reports will be released including non-farm payroll, non-manufacturing and manufacturing PMI, factory orders and jobless claims. In Europe, ECB rate…
Oil Outlook for May 26-30
Oil prices (WTI and Brent) continued its upward trend during the previous week. WTI rose again by 2%; Brent oil inched up by only 0.1%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between…
Financial Market Forecast for May 26-30
This week several U.S related news items could stir up the markets again including: GDP for the first quarter of 2014, core durable goods, jobless claims, consumer confidence, and pending home sales. Canada’s current account and GDP by industry are…
Oil Outlook for May 19-23
Oil price (WTI and Brent) rallied during last week. WTI increased by 2%; Brent oil, by 2.3%. As a result, the difference of Brent oil over WTI slightly widened: The premium ranged between $7.54 and $8.94. Last week, the EIA’s…