Some Respite for Crude Oil within Bear Trend - May 24, 2023 5:10

The price of oil was experiencing an upward trend this Tuesday, bouncing back from a weak beginning to the week. The revival was driven by robust macroeconomic indicators reported in the USA, combined with a hope on debt-ceiling discussions. Moreover, a cautionary message from the Saudi energy minister to investors has also added fuel to […]

Oil Prices Fly Whilst Stocks Say “Whatever” - September 17, 2019 12:56

As you most likely know there was a little bit of an incident in Saudi Arabia at the weekend. Something about an Oil refinery being attacked and set ablaze, and the worlds Oil supply being disrupted. There’s currently lots of finger pointing happening from all sides on who is to blame for these attacks, but […]

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 […]

Opec Trying To Put Some Support Into Oil Prices - May 23, 2017 10:11

This week began in much the same fashion as they left last week with Oil prices rising. Expectation of a cut in output from OPEC, which could extend into 2018, pushed Crude Oil higher on the futures exchanges. In early trade UK on Tuesday, Brent Oil had fallen back from it’s high, but still remains […]

Oil Prices Consolidate Ahead Of Todays Inventories - July 2, 2014 9:13

Crude oil prices continue to consolidate above the $104 per barrel level, with tensions in Iraq and Ukraine creating a nervy marketplace for the black stuff. The sliding price of the US dollar is also helping the cause, with the dollar hitting new lows versus many of its major counterparts. Whilst the situation in Iraq […]

Oil Prices – US Lifts Oil Export Ban After 40 Years - June 25, 2014 10:02

It’s only taken 40 years to change, but The US Commerce Department has given the green light to several businesses to start once again exporting crude oil, a huge policy change to a controversial ban which has stayed in place for the last four decades. But the question remains, will this solve the volatility in […]

Crude Oil Prices Make Their Move Higher On Iraq Concerns - June 23, 2014 15:37

Two days of solid rises in Oil prices at the end of last week, pushed Crude to new highs for the year, with the scenario in Iraq continuing to get worse by the minute, amid worries over disruption to oil supplies. Investors are homed in on the developments in Iraq, where militants are apparently participating […]

Crude Oil Spread Drops Under $10 as West Texas Rises above $94 - April 30, 2013 1:21

For the past two years the spread between Brent and West Texas Intermediate crude oil grades has been very high, vacillating between $16 and $28 per barrel at times due to huge supply coming into the holding station at Cushing, Oklahoma.  A number of factors contributed to this situation, including the rapid rise in oil […]

Oil Prices Rise After A Slowdown in Output Is Shown - August 11, 2011 13:51

The price of Crude Oil futures rose by a whopping 4.5% on Wednesday after the reported inventory data showed that output fell by 5.2 million barrels during the previous week. This ended a short two days of losses on oil prices. September Crude Oil futures ended the day at $82.89 at Nymex, whilst Brent Crude […]