According to the latest December report published by the Organization of the Petroleum Exporting Countries regarding the recent changes in the crude oil market for November, the OPEC oil production slightly declined again during November compared with October’s oil production.…
Crude oil prices moved with an unclear trend during last week as Brent edged down while WTI oil slightly rose. U.S stockpiles rose according to the recent EIA report. The gap between Brent and WTI slightly narrowed to the $20-$22…
The prices of crude oil resumed their downward trend during the day. Energy Information Administration published its petroleum and oil weekly update in which the EIA estimates a drop in U.S consumption for oil and a rise in production during…
Crude oil prices moved with an unclear trend during last week as Brent edged down while WTI oil slightly rose. U.S stockpiles slightly declined according to the recent EIA report. The gap between Brent and WTI slightly remained at the…
The prices of crude oil declined during recent days as the tensions in the Middle East have subsided. The petroleum and oil weekly report prepared by Energy Information Administration analyzes the ramifications of the rise in domestic oil production on…
Crude oil prices rose during most of last week. The high volatility in the oil market was mostly during the beginning of the week, perhaps on account of the tensions in the Middle East and recent conflict between Israel and…
The prices of crude oil rose during the day but shifted with an unclear trend during the week as the tensions in the Middle East may have contributed to the volatility in the oil market. The recent EIA report presents…
Crude oil prices shifted with an unclear trend during the week. The low volatility in the oil market was also the case for other commodities such as gold and in the forex markets. The difference between Brent and WTI remained…
The Prices of crude oil declined during most of the week so far. The latest EIA update shows the oil stockpiles decreased in the U.S during last week. The petroleum and oil weekly update by Energy Information Administration shows an…
Many commodities were traded down again on the second business day of the week: WTI oil and Brent oil declined again; the prices of silver and gold also fell on Tuesday; natural gas Henry Hub future (December delivery) hiked on…