The declines of oil prices from the beginning of the week has subsided as WTI and Brent oil prices bounced back yesterday with moderate rises. Current oil prices continue to rise. Let’s examine the main news for today, April 14th…
Category: Crude Oil
Petroleum stocks beat expectations and declined – April 13
In this week’s EIA report, there is an analysis of the transportation fuel market and there is an outlook for the fuel prices in this coming summer. Here is a summary of the EIA petroleum report about crude oil price…
Oil prices bounced back with moderate rises – April 13
Following the two days when oil prices (WTI spot oil) declined, yesterday they have bounced back with moderate rises; precious metals prices also inclined; and natural gas spot prices (Henry Hub) moderately increased for the second straight day. Here is…
Crude oil prices outlook – 13 April
The Goldman Sachs effect is still upon the oil market and oil prices fell yesterday for the second straight day. As a result, WTI price reached its lowest level this month. Will this downward trend continue? Let’s examine the…
Oil prices drop for the second straight day – April 12
The falls of major oil prices continue for the second straight day; precious metals prices also declined; and natural gas spot prices (Henry Hub) moderately inclined. Here is a short summary of the price changes in major energy commodities and…
Crude oil prices outlook – 12 April
The reverse the oil prices took yesterday as they declined after they increased on Friday, might have something to do with the recent Goldman Sachs report, according to Reuters, as GS advised to “lock-in trading profits before oil and other…
Oil prices start off the week falling – April 11
The week started off at the opposite direction from where it ended as oil prices declined precipitately. The precious metals prices ended the day with little changes; and natural gas spot prices (Henry Hub) continued to fall. Here is a…
Crude oil prices outlook – 11 April
Let’s examine the main news for today, April 11th that might affect the crude oil markets. Libyan conflict – is there an end in sight? The ceasefire plan, which was comprised by the Africa Union, to which Qaddafi had agreed…
Is Libya headed towards a ceasefire?
There are very early reports that Qaddafi has agreed to a peace offer in Libya according to South Africa. The turmoil in Libya which started during the middle of February is nearing its two months mark. The peace plan was…
Weekly outlook for April 11-15
Here is a weekly forecast for April 11th to 15th presenting the main news items and reports related to US, Canada and Europe, and scheduled events, such as the G7 and G20 meetings. During the upcoming week, Trading Energy will…