Crude oil prices traded up during most of the week; the gap between Brent and WTI also grew. The recent OPEC monthly report revealed a slight decline in the oil production of Iran but the overall OPEC oil production didn’t…
Crude oil prices started off the week falling but by the end of the week they have changed direction and hiked following the better than expected non-farm payroll report. The decisions of the major central banks including FOMC and ECB…
Crude oil prices started off the week with a sharp tumble but throughout the rest of the week both Brent and WTI recovered. The news of the decline in new home sales and pending home sales didn’t seem to affect…
Crude oil prices continued to rally during most of last week (until the last day of the week). The recent news from the U.S showed a mixed signal as to developments in the U.S. The news of the rise in…
Crude oil prices shifted with an unclear trend during the first couple of days of the week but soon enough they declined mainly on the last day of the week after the U.S labor report came out and showed that…
The oil market heated up in the past couple of weeks; after oil price had tumbled down during most of May and June, on the last day of June oil prices took a sharp turn and hiked. Since then there…
Crude oil prices continued to dwindle during the first part of the week but by the end of the week oil, much like other commodities, hiked on account of the recent surprise resolution of the EU Summit. Will this recovery…
Crude oil prices tumbled down during last week along with many other commodities rates such as gold and silver. The FOMC revised down its projection on the U.S economy and in an effort to help jump-start the economy extended its…
Crude oil prices didn’t do much last week as the WTI nearly didn’t change on a weekly scale, while Brent oil declined by over 2%. The Brent premium over WTI edged down to $13-$14 range. The recent OPEC meeting was…
Crude oil prices bounced back during last week after they had tumbled down a week earlier. On Thursday Bernanke testified in the Senate; he voiced his concerns around the European debt crisis as it may affect the U.S economy but…