Crude oil prices continued their downward trend as both Brent and WTI were traded down during most of the week. The disappointing news of the drop in the Philly Fed index may have been among the factors to drag down…
Crude oil prices continued their descent and declined again during last. The news from OPEC of the steady rate of OPEC’s oil production and the rise in OECD oil inventories is plausibly a sign that crude oil prices, from the…
Crude oil prices continued their slow paced movement during most of the week until Friday, when the U.S employment report was released and didn’t reach expectations. This news was plausibly the main event that dragged oil prices by almost 4%…
Crude oil prices rose during last week but only slightly. WTI oil price continues to dwell in the $102-$104 range and Brent oil at the $117-$121 range. The major news last week came from the U.S including: The FOMC didn’t…
Crude oil prices started off the week falling on account of the markets’ response to the recent U.S non-farm payroll report. Major commodities bounced back during Wednesday and Thursday only the finished the week falling again probably due to disappointing…
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.…
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…
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…
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 continued their downward trend for a second straight week after they had started the month with sharp gains. The speculation around the stability of Euro Area will continue to dominate the news and crowd out (for the…