Category: Crude Oil

Weekly Outlook of Financial Markets for January 7-11

During last week, the high volatility in the financial markets returned following the New Year’s holiday. Soon after the fiscal cliff was averted, the markets rallied. Soon after, however, certain markets such as precious metals resumed their downward trend. The…

Oil Weekly Outlook For January 7-11

During last week, crude oil prices rose following the optimism in markets as U.S policymakers were able to avert the fiscal cliff. According to the recent EIA report, oil stockpiles declined by 10MB. During the previous week, WTI oil rose…

Oil Prices – Weekly Recap December 31- January 4

Crude oil prices resumed their upward trend following the New Year holiday. The U.S stockpiles changed direction and decreased according to the recent EIA report. The gap between Brent and WTI narrowed again to a range between $18 and $19…