During the pervious week, crude oil price (WTI) changed direction and fell while Brent oil continued to trade up: WTI oil fell by 2.1%; Brent oil rose by 1.83%. As a result, the gap between the Brent oil and WTI…
During last week, crude oil price continued their upward trend: WTI oil rose by 1.97%; Brent oil, by 3.07%. As a result, the gap between the Brent oil and WTI widened; the difference between Brent and WTI ranged between $16…
During last week, crude oil prices rose again despite the downward trend of certain “risk currencies” such as Canadian dollar and Aussie dollar against the USD. Based on the latest EIA report, oil stockpiles fell by 1.9MB. During the previous…
During last week, crude oil prices bounced back and slightly rose along with many “risk currencies” such as Euro, Canadian dollar and Aussie dollar. According to the recent EIA report, the oil stockpiles increased again by 5.9MB. During last week,…
During last week, crude oil prices moved with an unclear trend. According to the recent EIA report, the oil stockpiles fell again by 1.4MB. During last week, WTI oil rose by 0.71%; Brent oil slipped by 0.13%. As a result,…
Crude oil prices changed direction and rose during most of last week. The recent OPEC report and IEA monthly update didn’t show a significant change from the previous reports. The disappointing GDP growth rate of China for Q2 2012 may…
Crude oil continued to trade up as Brent oil and WTI oil sharply rose during last week. The premium of Brent oil over WTI slipped to the $17 mark. Will crude oil prices continue to trade up during the upcoming…
Crude oil prices continued their rally and increased during the week as they have done during most of 2012. The premium of Brent oil over WTI is still around the $18 mark, as the tensions between Iran and Europe remains…
Crude oil prices didn’t do much during last week after they had sharply rose in the first week of the year. From the supply side, there are still growing concerns of the rising tension between Iran and the West but…
Crude oil prices had many twists and turns during 2011 but in the end, crude oil prices finished the year moderately above their initial price level from the beginning of the year: WTI oil price increased by 7.9% and Brent oil…