According to DnB NOR, the expectations are that OPEC will raise its crude oil quota by 2.2 million barrel and reach a new target supply of 27 million barrels a day – the highest level since 2008. If this will…
Tag: current crude oil prices
Oil prices rise over concerns of Keystone pipeline
There are some concerns in the crude oil market that might affect the level of uncertainty over supply of oil and cause crude oil prices to trade up: Due to a pump- station leak in the Keystone pipeline was shut…
Gold, silver and oil continue their rally – daily recap May 25
The rally of major commodities continued for the second straight day including crude oil, gold and silver. This recent rally is probably stem, in part, by the speculation around the future prices of crude oil and gold, as Goldman Sachs…
Gold silver and oil bounced back yesterday – Daily Recap May 18
Major commodities bounced back yesterday after they had fallen during most of the week. Here is a summary of the main price changes in commodities and precious metals for May 18th: Oil and Gas prices: Spot oil price (WTI) bounced…
Oil prices currently rise – Oil outlook 18 May
Crude oil prices continue to fluctuate at a very moderate rate compared to the first week of May in which they fell very precipitately; oil prices are currently traded with moderate rises but as the day will progress you may…
Oil finished the week with rises | gold declined – Recap May 13
The commodities market finished the week with crude oil prices (WTI spot oil and Brent oil) rising, while gold prices finished falling. Here is a summary of the changes in commodities and precious metals for May 13th: Oil and Gas…
US inflation rose by 0.4% in April
In the recent report by the Bureau of Labor Statistics, the US inflation for April 2011 inclined by 0.4% or in annual terms by 3.2%. The report showed, as expected, a rise in major commodities prices in particular the…
Oil prices fall as news on bin Laden stirs markets – oil outlook 2 May
The biggest news today comes from the president of the United States about the US forces located and killed the known terrorist – Obama bin Laden, the financial markets reacted to the news with rises in major stock markets and…
Oil prices outlook 28 April
Oil prices remain high and show moderate changes as their volatility fell in the last couple of weeks. Let’s examine the main news items related to the energy market including the recent events in the Middle East and US that…
OPEC recent report shows a moderate rise in oil demand for 2011
According to the recent Organization of the Petroleum Exporting Countries report there has been a rise in the demand estimate for oil in 2011: The worldwide crude oil demand is estimate to increase from 87.8 million bbl/d to 87.9 million…