Crude oil prices continue their rally and keep on erasing loses they have had during the first week of August. The rising indexes in US stock markets including S&P500 indexes are probably helped pulling up crude oil prices. Currently, crude…
Crude oil prices started the week with rises following the small changes they have had in recent days. The recent rally in US stock markets including S&P500 probably helped pulling up crude oil prices. The search of Gadhafi is still…
Crude oil prices ended last week with moderate rises after the turbulent they have endured during the previous week. It’s currently not clear yet what were the damages to the East Coast infrastructure due to Hurricane Irene including the oil…
Crude oil prices didn’t change much yesterday, but the high volatility in the financial markets could spark a shift in this apparent stability in the oil market. Oil stockpiles have declined by 7 million bbl last week in the US.…
Crude oil prices have bounced back and inclined yesterday along with the rally of major US stock markets. The WTI spot oil rose for the second straight day. Today, the US EIA crude oil stockpiles report will be published and…
The Libyan war may end soon, but the market didn’t consider this news much as Brent oil slightly fell yesterday and WTI spot oil price even inclined. The spread between Brent oil and WTI spot oil declined yesterday but is…
The Libyan war is nearing an end after over half a year of fights between the rebels and Gaddafi’s forces. This news is already affecting the trade of crude oil as Brent oil is currently traded down; the spread between…
You can forget from the fundamentals for now, this market reacts very sharply and extremely to the changes in directions in the stock markets. Crude oil prices fell very sharply yesterday and they are currently trade down as well. Today,…
Crude oil prices continue to zigzag but still demonstrate a gradual upward trend in the past few days. The EIA oil market report was published yesterday and showed a decline in crude oil stockpile of 1.37 million bbl during last…
Crude oil prices bounced back and trimmed part of the falls they had recorded in recent days. Today, the Canadian and American trade balance reports will be published, ECB monthly bulletin, EIA natural gas report and US unemployment claims, Yesterday,…