The price of oil (WTI and Brent) changed direction and fell last week: WTI declined by 2.94%; Brent oil, by 0.83%. As a result, the premium of Brent oil over WTI expanded; the premium ranged between $1.2and $2.5. According to…
Crude oil prices changed direction again and slightly fell yesterday despite their recent upward trend in recent week. The shift might be related, in part, to the recent fall in the stock market, including the S&P500. Crude oil prices are…
Crude oil prices started the week with sharp rises that continues the upward trend in recent days. The shift might be related, in part, to the recent rise in the stock market, including the S&P500. Crude oil prices are currently…
Crude oil prices ended the week with slight declines, after they had risen for two straight days (three days for Brent oil). The shift might be related, in part, to the recent rise in the stock market, including the S&P500.…
Crude oil prices inclined for the second straight day (third for Brent oil) after they had fell during most of last week. The shift might be related, in part, to the recent rise in the stock market, including the S&P500.…
WTI spot oil price fell again yesterday, but it’s currently traded up. OPEC published yesterday its July report and presented an increase in OPEC’s oil production during July. The FOMC kept the US basic interest rate unchanged. Today, the Australian…
There are still concerns over the markets’ reaction to the news that came over the weekend of Standard and Poor’s downgrading the US credit rating; currently the markets in the US demonstrate falls (as expected). In Europe, ECB is likely to…
Crude oil prices continued to fall yesterday, but will this trend continue? Today, the U.S. non-manufacturing PMI report will be published, and the EIA petroleum report. Here’s a short analysis and outlook of the crude oil market for today, August…
Crude oil prices finished July with falls and they have also started August with moderate falls. The debt ceiling talks have concludes with the debt limit rising to $16.4 trillion. This news might bring back some stability to the market.…
Crude oil prices continue to seek direction after their rapid rise at the beginning of July. Despite the concerns from Europe about the debt of Greece and Portugal, and the US debt ceiling debate, oil prices remain high at the…