According to the recent March report of the Organization of the Petroleum Exporting Countries regarding the oil market, the OPEC oil production slightly increased during February 2012 compared with January oil production levels. OPEC’s crude oil production reached 30,968 thousand…
Crude oil prices changed direction and slightly declined during last week after they had risen during most of February. There are still concerns regarding the tensions between Iran and the West but since there wasn’t any movement on this front,…
According to this week’s crude oil update produced by Energy Information Administration petroleum, crude oil stockpiles slightly rose again for the second consecutive week, this time by only 0.5 million barrels; crude oil prices sharply increased. The weekly update also…
Crude oil changed direction and after oil prices sharply rose during last week, this week started with oil prices declining; gold price also slipped, while silver slightly increased; natural gas future prices sharply rose yesterday. The Euro slightly depreciated again…
Crude oil prices continued their rally as both Brent oil and WTI oil prices sharply increased during last week. The low oil stockpiles in the U.S. and Europe along with the potential threat of an eruption between Iran and the…
According to this week’s crude oil update produced by Energy Information Administration petroleum, crude oil stockpiles changed direction again and rose during last week by 3.2 million barrels; crude oil prices also increased. The weekly update also report of closure…
Crude oil prices continued their upward trend as both Brent oil and WTI oil prices rose during last week. The ongoing tension between Iran and the West may have been among the factors to trade up oil and maintain a…
According to the recent February report of Organization of the Petroleum Exporting Countries regarding the oil market, the OPEC oil production nearly didn’t change during January compared with December’s 2011 oil production levels. IEA revised down again its projection for…
Crude oil prices continued their rally as both Brent oil and WTI oil prices increased during the week. The ongoing tension between Iran and the West may have been among the factors to raise oil prices and the premium of…
Crude oil prices didn’t move in the same direction during last week as Brent oil price rose, while the price of WTI oil declined. The ongoing concerns revolving the boycott of Iranian oil by the West may have been among…