The oil market is heating up. The recent developments in the Middle East and the start of driving season in the U.S may have contributed to the recent rally of oil prices. Will the oil market continue to heat up?…
Will Oil’s Rally Continue?
Category: Crude Oil Forecast
crude oil forecast and outlook
Oil Weekly Outlook for July 1-5
The prices of oil (WTI and Brent) bounced back during last week: WTI rose by 3.06%; Brent oil also increased by 1.24%. As a result, the difference between the Brent oil and WTI slightly contacted; the gap between Brent and…
Oil Weekly Outlook for June 24-28
The prices of crude oil (WTI and Brent) fell during last week: WTI declined by 4.25%; Brent oil slipped by 3.24%. As a result, the gap between the Brent oil and WTI slightly expanded; the difference between Brent and WTI…
Oil Weekly Outlook for June 17-21
The prices of crude oil (WTI and Brent) didn’t do much during last week: WTI rose by 1.9%; Brent oil slipped by 0.26%. As a result, the difference between the Brent oil and WTI sharply contracted; the difference between Brent…
Weekly Outlook of Financial Markets for June 17-21
Leading commodities such as oil, gold and silver rallied during last week. Leading currencies including Euro, Japanese yen and Aussie dollar appreciated against the USD last week. Will commodities continue to trade up this week? This forthcoming week several reports,…
Oil Weekly Outlook for June 10-14
The prices of crude oil (WTI and Brent) changed direction and bounced back during last week: WTI increased by 4.41%; Brent oil, by 4.15%. As a result, the gap between the Brent oil and WTI remained virtually flat; the gap…
Weekly Outlook of Financial Markets for June 3-7
Major commodities including oil, silver and natural gas changed direction and fell during last week. Equities markets cooled down while the forex markets didn’t have a clear trend during last week. Will this unclear trend persist? In the upcoming week…
Oil Weekly Outlook for June 3-7
The rate of crude oil (both WTI and Brent) tumbled down again during last week: WTI decreased by 2.32%; Brent oil fell by 2.19%. As a result, the difference between the Brent oil and WTI remained nearly unchanged; the gap…
Oil Weekly Outlook for May 27-31
The price of crude oil (both WTI and Brent) resumed their downward trend and slightly declined during last week: WTI fell by 1.95%; Brent oil slipped by 1.04%. As a result, the gap between the Brent oil and WTI slightly…
Oil Weekly Outlook for May 20-24
The rates of crude oil (both WTI and Brent) remained virtually unchanged during last week: WTI inched down by 0.02%; Brent oil slipped by 0.18%. As a result, the difference between the Brent oil and WTI remained nearly flat; the…