Category: Crude Oil

OPEC’s Oil Production Slightly Rose in February

Based on the recent March report published by the Organization of the Petroleum Exporting Countries referring to the recent developments in the crude oil market during February, the OPEC oil production slightly increased during February compared with January’s oil production.…

Oil Weekly Outlook For March 11-15

During last week, oil prices (WTI & Brent) changed course and slightly increased: WTI rose by 1.4%; Brent oil, by 0.41%. As a result, the gap between the Brent oil and WTI shrunk again; the difference between Brent and WTI…

Oil Prices – Weekly Recap March 4-8

Crude oil price changed direction and slightly increased during the previous week. The U.S stockpiles slightly fell according to the latest EIA report. The difference between Brent and WTI has shrunk again to a range between $18 and $20 during…

Natural Gas and Gold Rallied – Recap March 8th

Major commodities were traded mostly up on the last business day of the week: the prices of Brent oil fell while WTI oil rose again on Friday; natural gas Henry Hub future (short term delivery) also increased yesterday; silver and…

U.S Employment Spiked by 236k in February

The U.S. employment increased by higher than many had anticipated – based on ADP estimate, the non-farm payroll rose by 198k during February: according to the recent U.S. employment report, which was published today, March 8th by the Bureau of…

Natural Gas and Euro Spiked – Recap March 7th

Major energy commodities were traded mostly up on the fourth business day of the week: the prices of Brent oil and WTI oil changed course and rose on Thursday; natural gas Henry Hub future (short term delivery) also spiked yesterday;…

Natural Gas and Oil Declined – Recap March 6th

Major energy commodities were traded mostly down on the third business day of the week: the prices of Brent oil and WTI oil changed course and decreased on Wednesday; natural gas Henry Hub future (short term delivery) also fell yesterday;…