Category: Crude Oil

Weekly Outlook of Financial Markets for February 11-15

Major commodities prices including oil, gold and silver didn’t do much last week; major currencies pairs including the Euro/USD and Aussie dollar/USD fell last week. The remarks given by ECB President Mario Draghi resulted in the Euro’s tumble by the…

Oil Weekly Outlook For February 11-15

During the pervious week, crude oil price (WTI) changed direction and fell while Brent oil continued to trade up: WTI oil fell by 2.1%; Brent oil rose by 1.83%. As a result, the gap between the Brent oil and WTI…

Oil Prices – Weekly Recap February 4-8

Crude oil price changed direction and fell during last week. The U.S stockpiles slightly rose according to the recent EIA report. The difference between Brent and WTI has widened to a range between $19 and $23 during last week. Brent…