The Goldman Sachs effect is still upon the oil market and oil prices fell yesterday for the second straight day. As a result, WTI price reached its lowest level this month. Will this downward trend continue? Let’s examine the…
Tag: current crude oil prices
Oil prices drop for the second straight day – April 12
The falls of major oil prices continue for the second straight day; precious metals prices also declined; and natural gas spot prices (Henry Hub) moderately inclined. Here is a short summary of the price changes in major energy commodities and…
Crude oil prices outlook – 12 April
The reverse the oil prices took yesterday as they declined after they increased on Friday, might have something to do with the recent Goldman Sachs report, according to Reuters, as GS advised to “lock-in trading profits before oil and other…
Oil prices start off the week falling – April 11
The week started off at the opposite direction from where it ended as oil prices declined precipitately. The precious metals prices ended the day with little changes; and natural gas spot prices (Henry Hub) continued to fall. Here is a…
Crude oil prices outlook – 11 April
Let’s examine the main news for today, April 11th that might affect the crude oil markets. Libyan conflict – is there an end in sight? The ceasefire plan, which was comprised by the Africa Union, to which Qaddafi had agreed…
Major commodities finished the week on a high note – April 8
The week ended on a high note as major commodities including crude oil, gold and silver. For silver it even passed the 40 USD mark – its highest level since February 1980 (in London trade). On the other hand, natural…
Crude oil prices outlook – 8 April
Crude oil prices started to rise again: yesterday WTI spot oil price increased by 1.35% while Brent oil rose by 0.61%. Current oil prices are rising in Europe with WTI crossing the 110$/b mark. Let’s examine the main news for…
Oil prices continued their rally – April 7
The same trend that was on Wednesday continued on yesterday, crude oil prices (WTI and Brent oil) inclined; gold and silver prices also continue to increase; natural gas spot price (Henry Hub) declined for the second straight day. Here is…
Crude oil prices outlook – 7 April
The Petroleum stocks didn’t change much during last week, according to recent EIA report. The crude oil prices continue to zigzag with no clear trend and yesterday WTI spot and May delivery futures moderately inclined, while Brent oil moderately declined.…
Oil prices moderately rise – April 6
Yesterday, crude oil prices (WTI and Brent oil) moderately inclined; gold and silver prices continue their rally; natural gas spot price (Henry Hub) continues to zigzag as it declined yesterday. Here is a short summary of the price changes in…