Tag: Crude oil forecast

Oil Outlook for August 4-8

The oil market cooled down in the past week despite the decision of Europe and U.S to impose economic sanctions on Russia, which could bring down the oil exports from Russia to the west. Currently, the sanctions aren’t expected to…

Oil Outlook for July 21-25

oil market tight loose oil price July 11

This time it wasn’t the Middle East  to pull up oil prices – but close by: The recent news regarding the firing down of the Malaysian plane above Ukraine triggered President Obama to step in and impose additional restrictions on Russia.…

Oil Outlook for July 14-18

The oil market cooled down again during the previous week as the WTI and Brent dropped by 3.1% and 3.9%, respectively. As a result, the premium of Brent oil over WTI narrowed again; the premium ranged between $6.71 and $5.83.…

Oil Outlook for July 7-11

Oil prices came down again during the past week as the turmoil in Iraq seems to have little impact on the oil market. Last week, the WTI and Brent fell by 1.6% and 2%, respectively.  The difference of Brent oil…

Oil Outlook for June 30- July 4

The oil market cooled down for the first time in the past several weeks as WTI and Brent declined by 1.4% and 1.3%, respectively.  The difference of Brent oil over WTI remained steady last week; the premium ranged between $7.37…

Oil Outlook for June 23-27

The prices of crude oil continued their upward trend during last week as both WTI and Brent rose by 0.3% and 1.2%, respectively.  The gap of Brent oil over WTI slightly widened again by the end of the week; the…

Oil Outlook for June 16-20

The oil market heated up in the past week following the fighting in Iraq, which has raised the uncertainty in the Middle East. As a result, both prices of oil including WTI and Brent rose by4.1% and 4.4%, respectively.  The…

Oil Outlook for June 9-13

The oil market didn’t move much last week as oil prices (WTI and Brent) slightly declined during last week. WTI inched down by 0.05%; Brent oil declined by 0.73%. As a result, the gap of Brent oil over WTI slightly…

Oil Outlook for June 2-6

The oil market slightly eased down as oil prices (WTI and Brent) moderately declined during last week. WTI slipped by 1.6%; Brent oil declined by 1%. As a result, the gap of Brent oil over WTI slightly widened by the…

Oil Outlook for May 26-30

Oil prices (WTI and Brent) continued its upward trend during the previous week. WTI rose again by 2%; Brent oil inched up by only 0.1%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between…