In the recent petroleum and crude oil weekly update of the Energy Information Administration petroleum, crude oil stockpiles changed direction and declined for the first time in four weeks, last week by 3.9 million barrels. Crude oil prices slipped also…
In the recent petroleum and crude oil weekly update of the Energy Information Administration petroleum, crude oil stockpiles rose again for the third consecutive week, last week by 12.36 million barrels. Crude oil prices didn’t move much last week but…
According to the recent petroleum and crude oil weekly update of the Energy Information Administration petroleum, crude oil stockpiles sharply rose by 6.3 million barrels. Crude oil prices also didn’t move much last week and edged up. In this week’s…
Crude oil prices continue to shift with an unclear trend as many oil traders wait on the sidelined to see how the Iranian tension with the West will break down and will there be a supply shortage of crude oil.…
Gold and silver prices continue to shift from gains to losses and moving with an unclear trend; after they had increased on Wednesday, they have declined yesterday. Crude oil prices also declined; natural gas future sharply fell yesterday. The Euro…
There are reports that Saudi Arabia will raise its oil production in case the situation between Iran and the West will further escalate. Will Saudi Arabia come through on this promise? And more importantly, will it keep the crude oil…
According to the recent crude oil weekly update of the Energy Information Administration petroleum, crude oil stockpiles changed direction and rose by 1.5 million barrels. Propane stockpiles also rose for the first time in nineteen weeks. Could it be that…
Crude oil prices continue to zigzag with no clear trend despite the many news items and developments that have occurred during last week. This includes the FOMC’s confidence in the recent development in the U.S economy, the Philly Fed Index…
According to the latest crude oil weekly update of the Energy Information Administration petroleum, crude oil stockpiles continued to decline. Last week they have decreased by 4.4 million barrels; crude oil prices also edged down. In the EIA’s weekly update…
Crude oil prices didn’t do much during last week as they have edged up on weekly scale by nearly 1%. There are still concerns regarding the future ramifications regarding Iran but since there wasn’t any development on this front, oil…