crude oil forecast and outlook
During last week, crude oil prices bounced back and slightly rose along with many “risk currencies” such as Euro, Canadian dollar and Aussie dollar. According to the recent EIA report, the oil stockpiles increased again by 5.9MB. During last week,…
During last week, crude oil prices moved with an unclear trend. According to the recent EIA report, the oil stockpiles rose by 5.9MB. During last week, WTI oil fell by 3.35%; Brent oil, by 3.8%. As a result, the gap…
During last week, crude oil prices moved with an unclear trend. According to the recent EIA report, the oil stockpiles fell again by 1.4MB. During last week, WTI oil rose by 0.71%; Brent oil slipped by 0.13%. As a result,…
During last week, crude oil prices sharply rose, which coincided with the upward trend in other commodities and stock markets. The recent conflict in the Middle East may have had some short term effect on the volatility of oil markets.…
During last week, crude oil remained nearly unchanged, which coincided with the mixed trend in the forex markets. The recent tensions in the Middle East didn’t seem to directly affect the oil market for now. According to the recent EIA…
During last week, crude oil changed direction and rose, which coincided with the modest depreciation of the USD against the Yen and Aussie dollar. The oil stockpiles rose by 0.7MB. During last week, WTI oil rose by 1.43%; Brent oil,…
The price of oil zigzagged in the past several days due to the high uncertainty in the markets with respect the U.S Presidential elections. Now that the elections are over, oil traders could focus on the fundamental changes in the…
During the previous week, crude oil continued their descent, which coincided with the modest appreciation of the USD against the Euro and Aussie dollar. The oil stockpiles changed remained nearly unchanged. During last week, WTI oil declined by 1.65%; Brent…
During last week, crude oil continued their downward trend, which coincided with the appreciation of the USD against the Euro and Canadian dollar. The oil stockpiles changed direction and rose during last week by 3.9 M bl. During the previous…
During last week, crude oil changed direction and traded down despite the deprecation of the USD against the Euro and Aussie dollar. The oil stockpiles declined again during last week by 2.6 M bl. During last week, WTI oil fell…