crude oil forecast and outlook
Leading commodities prices including oil and gold rallied last week; in the forex market the USD rallied against the Euro but depreciated against the Japanese yen and Canadian dollar. For the week of May 19th to May 23rd, several reports,…
Leading commodities markets cooled down in the past week as the prices of precious metals, natural gas and oil declined. This week, many news items of the agenda including: Janet Yellen’s speech, U.S retail sales, China’s industrial production, BOE’s Governor …
Oil price (WTI and Brent) didn’t do much during last week. WTI inched up by 0.2%; Brent oil slipped by 0.6%. As a result, the difference of Brent oil over WTI slightly contracted again: The premium ranged between $7.36 and…
The commodities markets mostly rallied following the positive release of the U.S NF payroll report, in which 288k jobs were added during April. This week several reports, decisions and events will take place including: ECB, BOE and RBA rate decisions,,…
Oil price (WTI and Brent) declined during last week. WTI slipped by 0.8% and Brent oil by 0.9%. As a result, the gap of Brent oil over WTI didn’t change much: The premium ranged between $7.28 and $8.83. Last week,…
Oil price (WTI) declined by 3.5% last week. Brent oil remained unchanged. As a result, the gap of Brent oil over WTI widened: The premium ranged between $5.58 and $8.98. Last week, the EIA’s weekly report showed another gain in…
The forex and commodities markets didn’t move in a clear direction last week but this is likely to changes in this fully packed week ahead of us. This week many news items, decisions, speeches, press conference and events could affect…
Oil prices (WTI and Brent) rose again last week. WTI and Brent oil increased by 0.5% and 2%, respectively. As a result, the difference of Brent oil over WTI widened: The premium ranged between $5 and $5.23. Last week, the…
The energy commodities markets mostly heated up including oil and natural gas; precious metals cooled down following the positive reports from the U.S regarding this economy’s progress; in the forex market the USD rallied against leading currencies including Euro and…
Last week, the premium of Brent over WTI dropped to its lowest level in months. This recent fall is part of a downward trend that could have a negative effect on oil refineries including Valero Energy (NYSE:VLO) and Marathon Petroleum…