OIL (F)

The weekly jobless claims for the week ending April 5th touched a new low. Official data showed that the initial jobless claims fell to 196,000 beating estimates of 210,000. This was a new low in the weekly jobless claims report in the… Read More

Oil prices turned a little lower mid-week this week as the latest industry report showed a further build in US crude stockpiles. The rally in crude prices hit pause on Tuesday as the weekly report from the American Petroleum Institute… Read More

The International Monetary Fund (IMF) cut its global growth outlook once again. For the year 2019, growth is forecast to rise by 3.3% compared to 3.5% previously. The IMF cited several downside risks including Brexit, US-China trade… Read More

The rally in crude oil prices this week was capped as the latest industry report highlighted a build in crude oil stockpiles. The Energy Information Administration report for the week ending March 22nd showed that US crude inventories rose… Read More

Crude oil prices this week traded up to their highest level since November 2018. The key driver behind the move was the latest set of industry data which showed a further reduction in stockpiles. The Weekly Energy Information… Read More

Crude oil prices were boosted this week in response to the latest industry data which showed a reduction in stockpiles. The weekly Energy Information Administration report showed that in the week ending March 8th, US crude inventories fell… Read More

The rally in crude prices this week was tempered by the latest industry reporting which showed a further rise in inventories. The Energy Information Administration’s weekly report showed that US crude stockpiles, in the week ending March… Read More

Crude prices boosted this week, recovering from initial weakness by an unexpected drawdown in stockpiles. The EIA report showed that in the week ending February 22nd, US crude inventories fell 8.6 million barrels. This reading caught the… Read More

Since OPEC+ agreed to cut oil production, oil prices have seen an epic rally of 27%, marking a fresh 2019 high. The allies decided to cut daily production levels by 1.2 million barrels back in December in a bid to rebalance the market and… Read More

Crude price remained buoyant once again this week, despite the latest industry data reflecting a further rise in inventories. The weekly report from the Energy Information Administration showed that in the week ending February 15th, US… Read More