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…
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.…
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 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…
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…
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…
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…
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…
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 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…