The price of oil has been trading close to the $100 mark in recent months. But the latest developments in the oil market might cut down the price of oil price to the low $90 in the near future. Let’s…
What Could Bring Oil Prices Down?
Tag: Brent oil
Crude Oil Prices – Weekly Recap 24-28 October
The crude oil market had a very volatile week as did most other commodities: the news of the EU summit agreement on debt resolution shock the financial markets and the report of the U.S. GDP growth rate may have also…
Crude Oil Prices – Weekly Recap 10-14 October
The crude oil market continues to rally from September as the crude oil prices sharply inclined during most of the week. The U.S retail sales inclined during September and OPEC reported a slight drop in its oil production; these news…
Oil prices gained back some of their loses – Weekly recap 22-26 August
Crude oil prices gained back some of the losses they have endured during the previous week and finished with slight increases during the week ending on August 26th. This rally coincided with the increase in major stock markets indexes including…
Rebels conquered Tripoli – Brent oil falls
The Rebels entered tonight to Tripoli, Libya the last major hold of Gaddafi. They have conquered most of Tripoli and currently there are fights near Gaddafi’s palace. According to the reports Gaddafi is still in Libya and didn’t exist to…
The sharp fall of WTI oil prices – Weekly recap 15-19 August
Crude oil prices started the week with very sharp rises that countered the sharp falls from the previous week, but soon after these rises changed again to steep declines. The concerns of a recession in the US and Europe might…
Crude oil prices moderately declined – Weekly recap 25-29 July
Crude oil prices didn’t change much during the past couple of weeks; last week wasn’t any different as crude oil prices moderately declined after they had moderately inclined the week before. The US GDP 2011 Q2 didn’t grow by a…
Crude oil prices seek direction – Weekly recap 11-15 July
Crude oil prices continue to seek direction as they didn’t do much during most of the week with no clear trend. by the end of the week, Brent oil price added 0.32% to its value, and WTI spot oil inclined…
Brent oil rose during the week; WTI didn’t change – Weekly recap 5-8 July
Crude oil prices started the week with sharp rises which changed into fall by the end of the week; by the end, Brent oil price added 4% to its value, while WTI spot oil moderately declined by 0.74%, resulting in…
Oil prices fell sharply during week – Weekly recap 13-17 June
Crude oil prices had a very sharp fall during the week as the Euros to US dollar exchange rate also fell due to the concerns over the Greek debt. There is still high uncertainty over the crude oil supply and…