Crude Oil Prices Rally as Inventory Declines and Rate Cut Hopes Emerge - June 20, 2024 19:05

On Thursday, crude oil markets saw a notable shift as oil futures surged. This was a direct reaction to the latest data from the U.S. Energy Information Administration. The latter reported a massive decrease in crude inventories. Simultaneously, the current cooling in job markets could indicate the need for the Federal Reserve interest rate cut. […]

Oil Prices Surge From Lows Amid Mixed Global Signals - November 18, 2023 14:48

Oil prices experienced a more than 4% jump on Friday, a notable rebound from a four-month low seen just the day before. Brent crude futures, the global oil benchmark, closed up by $3.19, or roughly 4.1%, at $80.61 a barrel. Similarly, West Texas Intermediate crude (WTI), a key standard for U.S. oil, rose by $2.99, […]

Oil Prices Surge Amid Record Demand and Supply Tightening - August 12, 2023 5:27

The trajectory of Brent crude oil prices in recent weeks presents a compelling narrative of change and potential. The period since early July 2023 has witnessed an impressive gain of over $10 in Brent crude oil, effectively breaking free from a stagnant several-month range that had held it below $76. The remarkable ascent culminated in […]

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 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 […]

Oil Prices Remain High With Russian Ban Looming - May 15, 2022 11:51

Friday brought another rise in Oil prices with a gain of around 4%, as record high prices were seen in US Gasoline. Investors are still rightly concerned that supplies will tighten if the EU does indeed go ahead and ban Russian imports. This was the third consecutive weekly increase in Oil prices, and also the […]

FOMC Begins to Raise Rates to Get Inflation into Check - March 19, 2022 11:27

The Federal Open Market Committee raised the federal funds rate by 0.25 at the conclusion of Wednesday’s two-day policy meeting. This brings the target range from 0.25 to 0.50 percent. This is the latest step in the recovery of the US economy from the pandemic, and it’s the most significant to date to fight the […]

Rising Oil Prices Don’t Look Like They Are About To Stop - March 6, 2022 18:10

Oil prices are souring and don’t look to be stopping. As sanctions hit Russia, the second-largest exporter of oil in the world, after its invasion of Ukraine, a global search for crude oil spare barrels is under way. However, don’t be surprised if Saudi Arabia doesn’t step in to help. The kingdom could reduce global […]

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 […]