The Libyan war is nearing an end after over half a year of fights between the rebels and Gaddafi’s forces. This news is already affecting the trade of crude oil as Brent oil is currently traded down; the spread between…
Crude oil prices start the week the same way they have ended the previous one – with falls. The Greek debt crisis is still likely to continue stirring the financial markets during the upcoming weeks and might even affect crude…
According to Reuters, Libya’s Gaddafi is seeking a cease fire agreement with the rebels and the NATO. Spain is among the countries that are reported to receive the ceasefire offer. It doesn’t seem that the offer will be excepted by…
Oil prices finished the week with moderate rises, however during the week they didn’t do much. The turmoil in the Middle East continues to escalate mainly in Libya, how this will affect the oil market for this week? Let’s examine…
There are reports from eyewitnesses that Qaddafi’s forces have launched over 100 BM-21 Grad missiles towards the port city of Misrata, Libya, over the weekend, in an attempt to prevent citizens from receiving supplies. This news could be corroborated yet…
Crude oil prices started to rise again: yesterday WTI spot oil price increased by 1.35% while Brent oil rose by 0.61%. Current oil prices are rising in Europe with WTI crossing the 110$/b mark. Let’s examine the main news for…
Crude oil prices moderately declined yesterday. This is part of the “no-trend” oil prices have been demonstrating this week. Current oil prices are moderately rising, but will this trend continue throughout the day? Here’s the main news items relates…
Crude oil prices zigzagged in the past couple of days with no clear trend as the oil market’s volatility substantially declined in the past several business days, what will be next for oil prices? Here’s the main news items relates…