Category: Crude Oil

Recommended posts for the weekend – August 28

Bernanke’s speech in Jackson Hole didn’t bring any major stir up in the financial markets, but there is still high uncertainty in the markets in regards to the future economic progress in the US and Europe. Hurricane Irene that hit…

Ben’s speech – no QE3 for now

As anticipated by many in the market, Bernanke didn’t hint or implied of any further quantitative easing plan. Ben Bernanke, the chairman of the Federal Reserve, gave a speech today, August 26th named “The Near- and Longer-Term Prospects for the…

Oil Prices – Daily Outlook August 25

Crude oil prices didn’t change much yesterday, but the high volatility in the financial markets could spark a shift in this apparent stability in the oil market. Oil stockpiles have declined by 7 million bbl last week in the US.…

Oil Prices – Daily Outlook August 24

Crude oil prices have bounced back and inclined yesterday along with the rally of major US stock markets. The WTI spot oil rose for the second straight day.  Today, the US EIA crude oil stockpiles report will be published and…