Crude oil prices demonstrated an unclear trend during last week as both WTI and Brent oil shifted from rises to falls throughout the week. The difference between Brent and WTI declined again during last week. The oil stockpiles fell during…
Crude oil prices didn’t do much during most of the week despite the expectations that hurricane Isaac might have adversely affected the oil market in the U.S. The gap between Brent and WTI slightly shrunk again during last week. The oil…
Crude oil prices took a pause from their recent upward trend of the past several weeks and remained nearly unchanged during last week. Further, the gap between Brent and WTI also didn’t change much and slightly dwindled. The recent publication…
Crude oil prices rose during most of the week until Friday when both WTI and Brent oil prices slipped. Further, the gap between Brent and WTI also expanded. The recent OPEC monthly report revealed a slight decline in the oil…
Crude oil prices started the week with very sharp falls that changed to gains throughout the rest of the week. Further, the premium of Brent over WTI also expanded. The news of the decline in new home sales and pending…
Crude oil prices started to rise again during last week. Further, the gap between Brent and WTI was also widened. The recent OPEC report and IEA monthly update showed that there was little change in OPEC’s production. The disappointing GDP…
Crude oil prices continued to zigzag from gains to losses. The recent ECB rate cut by 25pp to 0.75% its lowest rate may have contributed to the decline in oil prices via the Euro/USD exchange rate. The disappointing U.S non-farm…
Crude oil prices didn’t do much during the first four days of the week only to hike on Friday on account of the recent EU Summit. . The EU leaders decided that struggling EU banks (including in Spain) will be…
Crude oil prices plummeted during last week mainly on Thursday after the FOMC revised down its projection on the U.S economy and in an effort to help jumpstart the economy only extended its operation twist without adding another expanding stimulus…
Crude oil prices plunged during last week. The disappointing U.S reports including the revised down U.S GDP, the decline in the growth rate of the manufacturing PMI and lower than expected growth in U.S employment may have contributed to the…