Crude oil prices changed direction from an upward trend during the first week of 2012 to a decline during the second week of January. The speculation around the Euro Area’s economic stability may have adversely affected commodities prices. The January…
Crude oil started off the first week of 2012 with very sharp gains in crude oil price on the first couple of days as many oil traders became bullish on oil. As the week progressed oil prices changed direction and…
Crude oil prices ended the year with light changes during the last week of 2011. By the end of the week, WTI oil price slipped by 0.8% and Brent price by 1.53%; as a result, the difference between Brent oil…
Crude oil prices recovered from the sharp drop during the previous week, changed direction during and promptly climbed up during the week. The recent news from the U.S. of the improvement in the housing market including the gains in the…
Crude oil prices started December with a downward trend after they had risen during the past couple of months. Next week there is an OPEC meeting that might stir up the oil market and affect the crude oil prices’ development.…
Crude oil prices took a sharp turn during the second part of the week as they have sharply declined on Thursday. Brent oil price had a downward trend during most of the week, while WTI oil price started the week…
Crude oil prices continued with their upward trend especially WTI oil prices during last week; the premium of Brent oil over WTI oil price also continued to contract. The rapid changes in Europe including the recent changes in Italy and…