Tag: crude oil price forecast

Oil Weekly Outlook For February 25 – March 1

During last week, crude oil prices (WTI & Brent) changed pace and tumbled down: WTI decreased by 2.85%; Brent oil, by 3.78%. As a result, the gap between the Brent oil and WTI shrunk; the difference between Brent and WTI…

Oil Weekly Outlook For February 18-22

During last week, crude oil price (WTI) remained virtually unchanged while Brent oil was traded down: WTI oil edged up by 0.15%; Brent oil declined by 1.04%. As a result, the gap between the Brent oil and WTI contracted; 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 Weekly Outlook For February 4-8

During last week, crude oil price continued their upward trend: WTI oil rose by 1.97%; Brent oil, by 3.07%. As a result, the gap between the Brent oil and WTI widened; the difference between Brent and WTI ranged between $16…

Oil Weekly Outlook For January 21-25

During last week, crude oil price resumed its upward trend. According to the recent EIA report, oil stockpiles rose by 3.7MB. During last week, WTI oil rose by 2.14%; Brent oil inched down by 0.03%. As a result, the gap…

Oil Weekly Outlook For January 14-18

During last week, crude oil prices remained nearly unchanged. According to the recent EIA report, oil stockpiles rose by 10.9MB. During last week, WTI oil rose by 0.5%; Brent oil declined by 0.6%. As a result, the gap between 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 Weekly Outlook For December 24-28

During last week, crude oil prices rose again despite the downward trend of certain “risk currencies” such as Canadian dollar and Aussie dollar against the USD. Based on the latest EIA report, oil stockpiles fell by 1.9MB. During the previous…

Oil Weekly Outlook For December 17-21

During last week, crude oil prices bounced back and slightly rose along with many “risk currencies” such as Euro, Canadian dollar and Aussie dollar. According to the recent EIA report, the oil stockpiles increased again by 5.9MB. During last week,…