Tag: spot oil daily forecast

Oil Prices – Daily Outlook August 10

WTI spot oil price fell again yesterday, but it’s currently traded up. OPEC published yesterday its July report and presented an increase in OPEC’s oil production during July.  The FOMC kept the US basic interest rate unchanged. Today, the Australian…

Oil Prices – Daily Outlook August 8

There are still concerns over the markets’ reaction to the news that came over the weekend of Standard and Poor’s downgrading the US credit rating; currently the markets in the US demonstrate falls (as expected). In Europe, ECB is likely to…

Oil Prices – Daily Outlook August 5

Crude oil prices recorded yesterday their sharpest fall since the beginning of May; currently crude oil prices are traded with small changes. Today, the US labor report will be published, along with the Canadian employment report and Canadian building permits.…

Oil Prices – Daily Outlook August 4

Crude oil prices continued to fall for the fourth straight day, but will this trend continue?  Today, the Bank of Japan announced it will expanded its monetary easing plan (USD/JPY reacted and hiked up); ECB will announce its rate decision,…

Oil Prices – Daily Outlook August 3

Crude oil prices continued to fall yesterday, but will this trend continue?  Today, the U.S. non-manufacturing PMI report will be published, and the EIA petroleum report. Here’s a short analysis and outlook of the crude oil market for today, August…

Oil Prices Daily Outlook August 1

Crude oil prices finished July with falls and they have also started August with moderate falls. The debt ceiling talks have concludes with the debt limit rising to $16.4 trillion. This news might bring back some stability to the market.…