Category: Crude Oil Forecast

crude oil forecast and outlook

Where is The Price of Oil Headed?

Four Week Average Oil Production (Million Bld) weekly oil price 2011 2012

The price of oil experienced high volatility in the past couple of weeks. But despite this high volatility the price of oil remained close to its starting point from the beginning of month. Will this high volatility in the oil…

Oil Weekly Outlook For October 15-19

During last week, crude oil prices resumed their upward trend as the price of WTI oil and Brent oil increased. OPEC’s monthly report showed there was a modest decline in OPEC’s oil production; according the IEA, the projected growth in…

Oil Weekly Outlook For October 8-12

During last week, crude oil prices shifted with an unclear trend as the price of WTI oil slipped while Brent oil edged up. Due to the different paths these oil prices followed, the gap between the Brent oil and WTI…

Oil Weekly Outlook For October 1-5

During last week, crude oil prices shifted with an unclear trend as the price of WTI oil slipped while Brent oil edged up. Due to the different paths these oil prices followed, the gap between the Brent oil and WTI…

Crude Oil Prices – Weekly Outlook September 24-28

During last week, crude oil prices changed direction from their upward trend during August and the beginning of September and tumbled down throughout most of the week. The difference between Brent and WTI slightly increased but remained at its $17-$19…

Crude Oil Prices – Weekly Outlook September 10-14

Throughout last week, crude oil prices didn’t do much as both WTI and Brent oil slightly declined.  The difference between Brent and WTI also declined. In regards to the recent weather conditions, Hurricane Leslie was downgraded to a tropical storm…

Will Oil Come Down Anytime Soon?

The price of oil hiked in the past couple of months. During August the price of WTI oil rose by 9.6%; United States Oil, by 9.8%. The recent rally of the Euro/USD may have contributed to the rise in oil…

Crude Oil Prices – Weekly Outlook September 3-7

Despite Hurricane Isaac that caused a shut down in production in the Gulf of Mexico, there weren’t any substantial damages to oil infrastructure; therefore, on a weekly scale, crude oil prices didn’t move much. The difference between Brent and WTI slipped…