crude oil forecast and outlook
Oil prices (WTI and Brent) continued their recovery and rose during the week: WTI rose by 1.41%; Brent oil, by 2.73%. As a result, the premium of Brent oil over WTI slightly expanded; the premium ranged between $2.86 and $3.78.…
The commodity markets are heating up this summer, while the forex market is cooling down. During last week, gold, silver, natural gas and oil bounced back and rallied. Will these commodities’ rally persist this week? This forthcoming week several reports…
The commodities markets are starting to pull up: Last week leading commodities including gold and silver rallied. Further, leading currencies including Aussie dollar and Japanese yen also appreciated against the US dollar during last week. Will the US dollar continue…
The price of oil (WTI and Brent) fell during the first four days of the week only to rally on Friday. Despite the sharp rise on Friday both oil prices fell on a weekly scale: WTI slipped by 0.91%; Brent…
Last week the Aussie dollar tumbled down while the Euro remained nearly unchanged against the USD. In the commodities market, silver and crude oil rallied while gold and natural gas declined. In the upcoming week several reports, decisions and events…
The price of oil (WTI and Brent) bounced back last week: WTI rose by 2.14%; Brent oil, by 1.66%. As a result, the premium of Brent oil over WTI contracted; the premium ranged between $1.65 and $3.83. Based on the…
The price of oil (WTI and Brent) changed direction and fell last week: WTI declined by 2.94%; Brent oil, by 0.83%. As a result, the premium of Brent oil over WTI expanded; the premium ranged between $1.2and $2.5. According to…
The price of oil (WTI) rallied again during last week: WTI rose by 1.81%; Brent oil, on the other hand, slightly decreased by 0.68%. As a result, the premium of Brent oil over WTI plummeted; the premium ranged between $0.2…
Oil prices (WTI and Brent) rose again during last week: WTI rose by 2.64%; Brent oil also increased by 1.01%. As a result, the premium of Brent oil over WTI sharply fell; the premium ranged between $2 and $4. According…
The prices of oil (WTI and Brent) continued their rally during last week: WTI increased by 6.9%; Brent oil also increased by 5.44%. As a result, the gap between the Brent oil and WTI moderately contacted; the gap between Brent…