Category: Crude Oil

What Is Keeping Oil Prices Up?

The tensions in the Middle East have driven back up the price of the United States Oil ETF, LP (NYSEARCA:USO) or oil. But will these tensions actually keep driving up the price of USO? Let’s review the latest developments related…

Financial Market Preview for April 6-10

Even though last week was short, the NFP report came out on Friday and surprised analysts – only 126K jobs were added, which was well below market estimates. This news is likely to resonate in the markets on Monday and…

Financial Market Preview for March 30- April 3

The financial markets shifted focus from Yellen to Yemen, which kept the high volatility mainly over the rising tensions in the Middle East. This week, the main report will to be released is the NF payroll. Other U.S. reports include:…

Is The Brent-WTI Spread About To Widen?

The recent rally in the price of oil has also resulted in a drop in the spread between Brent and WTI. Nonetheless, this spread is still up for the year and could start to pick up again if the price…

Financial Market Preview for March 23-27

The FOMC’s latest meeting provided additional volatility to the financial markets as the tone was slightly more dovish than expected. The aftermath of this meeting is likely to further linger in the financial markets in the coming days. On this…

Financial Market Preview for March 9-13

The recent NFP payroll report showed, yet again, another strong gain in jobs with 295K jobs added last month and rate of unemployment fell to 5.5%. This news fueled gains in the U.S. dollar and dragged down gold and silver…

Financial Market Preview for March 2-6

As the whole debacle around the Greek debt crisis dissipates and takes the backburner for the near term, other economic developments could retake the center stage including the changes in the monetary policy of the FOMC and ECB. In the…

Financial Market Preview for February 23-27

The Greek debt crisis seems to have reached, for now, a solution. The Greeks basically gave in to the Germans in regards to the whole austerity. The Greeks will need to submit on Monday proposal for reforms, which will need…