During last week, crude oil changed direction and traded down despite the deprecation of the USD against the Euro and Aussie dollar. The oil stockpiles declined again during last week by 2.6 M bl. During last week, WTI oil fell…
During last week, crude oil prices resumed their upward trend as the price of WTI oil and Brent oil increased. OPEC’s monthly report showed there was a modest decline in OPEC’s oil production; according the IEA, the projected growth in…
During last week, crude oil prices shifted with an unclear trend as the price of WTI oil slipped while Brent oil edged up. Due to the different paths these oil prices followed, the gap between the Brent oil and WTI…
During last week, crude oil prices shifted with an unclear trend as the price of WTI oil slipped while Brent oil edged up. Due to the different paths these oil prices followed, the gap between the Brent oil and WTI…
During last week, crude oil prices changed direction from their upward trend during August and the beginning of September and tumbled down throughout most of the week. The difference between Brent and WTI slightly increased but remained at its $17-$19…
During last week crude oil prices resumed their rally as both WTI and Brent oil increased. The difference between Brent and WTI slightly rose but remained at its $17-$19 range. The FOMC decision to launch QE3 may have contributed to…
Throughout last week, crude oil prices didn’t do much as both WTI and Brent oil slightly declined. The difference between Brent and WTI also declined. In regards to the recent weather conditions, Hurricane Leslie was downgraded to a tropical storm…
Despite Hurricane Isaac that caused a shut down in production in the Gulf of Mexico, there weren’t any substantial damages to oil infrastructure; therefore, on a weekly scale, crude oil prices didn’t move much. The difference between Brent and WTI slipped…
Crude oil prices didn’t do much during last week after they had increased during most of the month. Further, the difference between Brent and WTI also didn’t change much and slightly shrunk in recent days. During last week, WTI oil…
Crude oil prices continued their upward trend during last week; the gap between Brent and WTI also expanded during most of the week. During last week, WTI oil rose by 3.4%; Brent oil, by 1.9%. The concerns over the rising…