Today and tomorrow is the EU economic summit of 27 Euro countries. The European leaders agreed to establish a fund called the European Stability Mechanism, which will start at less than 40 billion euros of capital. Nonetheless, the EU economic…
Category: Crude Oil
Oil prices forecast – 25 March
The oil market starts to cool off in the last few days with small fluctuations and no clear trend (as expected). Will these conditions continue? Let’s review the main news items that are related to the oil market for March…
Natural gas Henry Hub price continues its rally – March 24
Yesterday, crude oil prices moderately changes as WTI spot fell and Brent oil moderately increased; natural gas spot price continued to rise, but Henry Hub short term future prices fell; gold and silver prices showed a mixed trend with gold…
Oil prices forecast – 24 March
The allied forces continue their assault on Qaddafi’s ground forces army. As the ongoing turmoil in the Middle East and North Africa progresses including protests in Yemen, Syria and Bahrain, yesterday crude oil prices didn’t react much to the news as…
EIA’s review on oil stocks and the Libyan and Japanese effect – March 24
In this week’s EIA oil report is an analysis of the effect Libya and Japan have on crude oil prices. The analysis presents Japan’s crisis as an affect on oil market from demand side while Libya’s affect is from the…
Gold and silver prices keep on rising – March 23
The allied forces continue with their attack on Qaddafi’s ground forces in Libya. Yesterday, crude oil prices (WTI) rose for the third straight day, but Brent oil fell for the first time this week; natural gas spot price continued to rise…
As oil to gas prices ratio rises, what will be of crude oil prices?
The recent news from the Middle East and North Africa including the turmoil in Japan due to the tsunami attack (see here for more on these matters), have driven crude oil prices up as they are currently at well over…
Oil prices forecast – 23 March
The allied forces led by US army progress with their attack Qaddafi’s army, now there are reports that they progress to the Qaddafi’s ground forces after their initial attack consternated on the Libyan air force. Yesterday major energy prices including crude…
Oil and gas prices keep on rising – March 22
The attacks of the allied forces led by US army are planed to continue against Qaddafi’s ground forces in Libya. In the mean time the victim toll in Japan due to the tsunami keeps on rising, but at least there is…
Oil prices forecast – 22 March
Let’s review the main news items that are related to the oil market and might affect crude oil price as of March 22nd: Allies’ attack in Libya attack update The attack of allied forces progresses to its fourth day, as the…