Oil price (WTI and Brent) didn’t do much during last week. WTI oil slightly rose by 0.42%; Brent oil slipped by 0.77%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $8.38 and $8.74.…
Oil Outlook for February 17-21
Category: Crude Oil
Financial Market Forecast for February 17-21
The prices of leading commodities rallied during the past week. Moreover, the US dollar also depreciated against leading currencies such as Euro, Japanese yen and Aussie dollar during last week. In the upcoming week several reports, decisions and events will…
Is Chesapeake’s 2014 Outlook So Grim?
Chesapeake Energy (NYSE: CHK) recently revealed its 2014 outlook. This outlook wasn’t as good as investors had anticipated and resulted in over 8% fall in the company’s stock since the beginning of the month. Is this outlook so grim? Let’s…
Oil Outlook for February 10-14
Oil price (WTI and Brent) rose again during last week. WTI oil rose by 2.5%; Brent oil, by 3%. As a result, the gap of Brent oil over WTI widen: The premium ranged between $8.59and $9.69. Last week, the EIA’s…
Financial Market Forecast for February 10-14
The financial markets rallied as most stocks markets and commodities rose during last week. Even the lower than expected number of jobs added in the U.S during January, according to latest NF payroll report, didn’t stop commodities and stocks to…
What Could Bring Oil Prices Down?
The price of oil has been trading close to the $100 mark in recent months. But the latest developments in the oil market might cut down the price of oil price to the low $90 in the near future. Let’s…
Is Chesapeake Heading at the Right Direction?
Chesapeake Energy (NYSE: CHK) will release its 2014 outlook at the end of this week and its fourth-quarter earnings report by the end of the month. Until these two reports will be released, let’s examine how the company has done…
Oil Outlook for February 3-7
Oil price (WTI) slightly rose again during last week, while Brent oil declined. WTI oil rose by 0.88%; Brent oil slipped by 1.37%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $8.91 and…
Financial Market Forecast for February 3-7
Last week’s FOMC decision to cut further its asset purchase program by another $10 billion to $65 billion a month may have contributed to the rally of the US dollar and the decline of precious metals prices. This upcoming week…
Natural Gas Jumped Again to Pass $5.5
The price of natural gas rose again during the first half f the week and passed at one point the $5.5 mark – the highest level since January 2010 – only to tumble down in the last two days of…