In this week’s petroleum and crude oil report by the Energy Information Administration, it was reported that petroleum and crude oil stockpiles slightly rose during the previous week. There was also a rise in imports, production and refinery inputs. On…
Crude oil prices continued their slow paced movement during most of the week until Friday, when the U.S employment report was released and didn’t reach expectations. This news was plausibly the main event that dragged oil prices by almost 4%…
In the recent petroleum and crude oil weekly report by the Energy Information Administration, petroleum and crude oil stockpiles rose during the previous week. Crude oil prices slightly rose but the Brent premium over WTI declined. On the other hand…
Crude oil prices rose during last week but only slightly. WTI oil price continues to dwell in the $102-$104 range and Brent oil at the $117-$121 range. The major news last week came from the U.S including: The FOMC didn’t…
In the recent petroleum and oil weekly report by the Energy Information Administration, petroleum and crude oil stockpiles didn’t change and remained virtually flat. Crude oil prices moved in a mixed trend as Brent oil declined while WTI oil price…
Crude oil prices didn’t move much on a weekly scale; however it was noteworthy to see how Brent oil price declined throughout most of the week while WTI oil price edged up. Even the WTI oil future price (May delivery)…
Despite the many news items that were released yesterday including the weekly update on jobless claims and the Philly Fed manufacturing survey there weren’t sharp turns in the financial markets. Gold and silver price edged up during yesterday. Crude oil…
In the recent petroleum and oil weekly update by the Energy Information Administration, petroleum and crude oil stockpiles declined for the second consecutive week, last week by 2.2 million barrels. Crude oil prices also declined during last week and they…
Crude oil prices started off the week falling on account of the markets’ response to the recent U.S non-farm payroll report. Major commodities bounced back during Wednesday and Thursday only the finished the week falling again probably due to disappointing…
According to the recent April report of the Organization of the Petroleum Exporting Countries in regards to the oil market, the OPEC oil production slightly rose during March 2012 compared with February oil production levels. This rise was mainly due…