Tag: crude oil price

Oil Prices – Weekly Recap December 31- January 4

Crude oil prices resumed their upward trend following the New Year holiday. The U.S stockpiles changed direction and decreased according to the recent EIA report. The gap between Brent and WTI narrowed again to a range between $18 and $19…

Will Crude Oil Continue to Rise?

During the past couple of months, the price of oil has slightly increased. Despite the recent rally in oil prices, they are still down for the year by nearly 8%. The ongoing rise in the oil production and stockpiles along…