Crude oil prices changed direction and traded up on a weekly scale. Despite their rally they have zigzagged throughout the week but ended up rising on a weekly scale. The difference between Brent and WTI slightly rose again during last…
Crude oil prices took a big hit to the chin and fell very sharply during the last week. This correction was expected to occur; only the timing was the missing factor. Goldman Sachs already advised its clients to sell major…
Crude oil prices are still at a high level and continued to crawl up their price level. They have started off the week with falls that by the end of the week reversed direction as oil prices increased. There might…
The war in Libya is still far from over, and the uprising in the Middle East in countries such as Syria and Yemen is progressing, and yet for most of the week crude oil prices didn’t do much and moderately…
This passing week continued to revolve around the ramifications of the recent tsunami on Japan and the Libyan turmoil. These news items caused turbulence in the financial markets and might have affected the crude oil market as (for more on…
This passing week had many news items that caused turbulence in the financial markets and might have affected the crude oil market as well such as the ongoing fights in Libya, and the recent turmoil from the Far East –…
The Libyan turmoil only continues to escalate as there are reports of dozens of causalities in Zawiyah – a city near Tripoli. The current ramifications of these fights at face value on the crude oil market were reflected in the…
The riots in Libya continue and the UN Security Council just voted to sanction Qaddafi for the crimes against humanity he is committing on the Libyan people. This turmoil raised the level of instability in the Middle East and consequentially…
The instability in the Middle East continues to rise as Iran sent to Warships to Syrian and just passed the Suez Canal. Some already speculate that this news and the impediments in transmitting natural gas to Israel are signals for…
The uprising in Egypt is all over the news as Mubarak stepped down from his presidency, yet the energy market didn’t react so far to the news other than continue its descent; thus, i.e. crude oil price fell last week.…