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 […]

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 […]

Commodities Taken to Woodshed In Election Bloodbath - November 7, 2012 22:11

Equities have put in one of the worst days they’ve had in months today on the news that Barack Obama survived his recall vote yesterday.  Tax rates on dividends and capital gains are likely to rise and the fiscal cliff is approaching rapidly.  The truth is that there was little substantive difference between the two […]

EIA Reports Increase of 3.8 Million Barrels in Oil Stockpiles - August 30, 2012 23:51

Energy Information Administration released its inventories report on Wednesday according to which crude oil supplies jumped by 3.8 million barrels for the week ending August 24th, 2012. On the other hand American Petroleum Institute reported much higher increase in oil supplies a day earlier in its report. Analysts on average were expecting the decrease of […]

Crude oil Jumps on Chinese Data - July 25, 2012 23:56

Crude oil futures gained on Tuesday as China reported better than expected manufacturing data which neutralized the negative impact of euro zone debt problems. HSBC’s purchasing managers’ index for China gained in July reaching its highest level in five months. On the other hand PMI for the euro zone remained unchanged at 46.4 in July […]

EIA Reports decrease of 4.3 Million Barrels in Oil Supplies - July 6, 2012 23:49

Energy Information Administration released its inventories report on Thursday according to which crude oil inventories declined by 4.3 million barrels for the week ending June 29th, 2012. Analysts on average expected the crude oil supplies to fell by 2 million barrels. EIA also released its data on gasoline inventories which increased by 200,000 barrels for […]

EIA Report Increase of 2.9 Million Barrels in Oil Inventories - June 21, 2012 23:51

The Energy Information Administration on Wednesday released its inventories report according to which crude oil supplies increased by 2.9 million barrels for the week ending June 15th, 2012. Analysts on the other hand analysts on average forecasted the decrease 600,000 barrels for the respective week. The EIA also reported the increase of 900,000 barrels in […]

Crude Oil Jumps on OPEC’s Decision - June 15, 2012 23:50

Crude oil futures climbed on Thursday in reaction to expectations that US Federal Reserve would opt for more easing measures while OPEC decided to keep its production ceiling unchanged. The Organization of the Petroleum Exporting Countries announced that its collective production ceiling will remain flat at 30 million barrels per day. The production quota was […]

Crude Oil Inventories Decline by 200,000 Barrels, Reports EIA - June 14, 2012 23:44

The Energy Information Administration published its report on crude oil supplies on Wednesday according to which crude oil inventories declined by 200,000 barrels for the week ending June 8th, 2012. Analysts on average expected the decline of 2 million barrels in crude oil stockpiles while another trade group, the American Petroleum Institute reported the decrease […]