Crude oil prices resumed their upward trend mainly following the announcement of the FOMC to launch QE3. The difference between Brent and WTI also rose during last week. The oil stockpiles rose during last week by 2.3 M bl. OPEC’s…
Crude oil prices continued their upward trend during most of last week as both WTI and Brent oil prices rose on a weekly scale. Further, the gap between Brent and WTI also expanded during most of the week. The recent…
Crude oil prices declined during most of the week until Friday when both WTI and Brent oil prices hiked following the better than expected non-farm payroll report. Further, the premium of Brent over WTI also grew. On the other hand…
Crude oil prices continued to rally during last week. Further, the gap between Brent and WTI was also expanded. The news of the increase in the Philly Fed index and housing starts may have contributed to the increase in oil…
Crude oil continued to trade down during the previous week. The news from the U.S showed the U.S economy isn’t expanding: U.S retail sales edged down in May; U.S CPI and PPI also declined. OECD oil inventories also increased while…
Crude oil prices bounced back from their tumble during the previous week. On Thursday Bernanke testified in the Senate; he voiced his concerns around the European debt crisis as it may affect the US economy but he didn’t say he has any…
Crude oil prices edged down again during most of the week. The rise in the U.S stock markets along with the slightly positive news on the rise in the U.S new home sales and increase in core durable good may…
Crude oil prices didn’t move much on a weekly scale; however it was noteworthy to see how Brent oil price declined throughout most of the week while WTI oil price edged up. Even the WTI oil future price (May delivery)…
Crude oil prices changed direction and slightly declined during last week after they had risen during most of February. There are still concerns regarding the tensions between Iran and the West but since there wasn’t any movement on this front,…
Crude oil prices continued their rally as both Brent oil and WTI oil prices sharply increased during last week. The low oil stockpiles in the U.S. and Europe along with the potential threat of an eruption between Iran and the…