Oil Prices Gain Some Ground Due to Iraqi / Kurdistan Stand Off - March 29, 2023 12:12

On Tuesday, crude oil prices increased slightly, continuing their significant gains from the prior day due to the risk of supply disruptions from Iraqi Kurdistan and optimism that the uncertainty in the banking sector has reduced. The arguments escalated last week, causing the Iraqi government to halt oil exports from Kurdistan to Turkey. This action […]

Is Crude Oil Set to Bounce After a Month of Falls? - November 5, 2018 11:17

It’s fair to say that Crude oil and Brent oil prices were under serious pressure for the whole of October. Brent oil retraced around 18% from the high of the 4th October, which helped fuel a wider market sell off. Brent is now trading around the levels of July and August 2018, which held firm […]

Oil Prices: How Much Further Will They Let This Slide? - December 15, 2016 15:26

Oil prices are heading back down it seems. After spiking to a high above $54 on the basis of a cut in production by Russia and other countries after the OPEC landmark deal, it’s been falling steady. There’s already a concern on trust in the statement from OPEC if it will adhere to what it […]

Crude Oil Futures Gains as Worries over Global Supplies Escalate - December 28, 2011 23:54

Crude oil futures jumped on Tuesday to settle above $101 per barrel as investors remained uncertain over global crude oil supplies due to tensions in Iran. Moreover better than expected US consumer confidence data further helped the crude oil to appreciate. President of Prestige Economics, Jason Schenker commented, “The Iranian statements threatening a close of […]

Crude Oil gains on Tuesday in reaction to Bullish Stock markets - August 24, 2011 23:58

Crude oil futures surged on Tuesday in reaction to performing US stock markets. Crude oil futures for October delivery jumped 1.2 percent or $1.02 to settle at $85.44 per barrel on New York Mercantile Exchange. London’s Brent crude for October also surged 0.9 percent or $0.95 to $109.31 per barrel on ICE Futures exchange. Stock […]

Crude Oil Jumps above $124 on escalating Libyan Conflict - April 8, 2011 22:39

Crude oil futures contract reached its highest in last 32 months on Friday’s overnight trading session.  Investors feared long-term oil supply cut from Libya on the latest update of country’s conflict. It seems that oil fields are being targeted in result of military strikes in Libya. Experts foresee more chances of losing crude oil for […]

Crude Oil Falls at Stockpiles Increase - April 6, 2011 22:51

Crude oil futures remained under pressure on Wednesday’s trading session after news of increase oil inventories as per latest report. However bullish stock markets, depreciating dollar and escalating crisis in Libya provided support for the oil contract. As per latest data of Energy Information Administration crude oil investors grew by 2 million barrels for the […]