Tag: spot oil

Oil Prices – Daily Outlook August 15

Crude oil prices ended the week with slight declines, after they had risen for two straight days (three days for Brent oil). The shift might be related, in part, to the recent rise in the stock market, including the S&P500.…

Oil Prices – Daily Outlook August 12

Crude oil prices inclined for the second straight day (third for Brent oil) after they had fell during most of last week. The shift might be related, in part, to the recent rise in the stock market, including the S&P500.…

Oil Prices – Daily Outlook August 11

Crude oil prices bounced back and trimmed part of the falls they had recorded in recent days. Today, the Canadian and American trade balance reports will be published, ECB monthly bulletin, EIA natural gas report and US unemployment claims, Yesterday,…

Oil Prices – Daily Outlook August 2

Crude oil prices finished yesterday with moderate falls after the U.S. House approved raising debt ceiling to $16.4 trillion. This news has brought back some stability to the market.  Today, the U.S. Personal Spending report will be published along with…

Oil Prices Daily Outlook July 27

Crude oil prices continue to seek direction as WTI spot oil price gained only 0.9% to its value since July 7th up to date; Brent oil price, over the same period gained only 0.3%.  Today, the U.S. durable goods report…

Oil Prices Daily Outlook July 25

Crude oil prices finished the week with moderate rises but they are currently traded moderately down. Today, the Governor of the Reserve Bank of Australia will give a speech. Here’s a short analysis and outlook of the crude oil market…