There has been a lot of media coverage on the recent cyberattack on the Colonial pipeline in the US. So, it's understandable there will be a lot more attention on the release of the weekly EIA petroleum data tomorrow. Not just because it…
Read More

The second quarter is shaping up to be the best time for commodities in general, even though they have already moved higher in anticipation. The US and UK are expected to fully open their economies by the summer. This will, therefore,…
Read More

Suez Blockage Boosts Oil It’s been another tricky week for oil traders. Crude began the week under heavy selling pressure amidst the downturn in global risk appetite and the resurgence in the US dollar which has broken out to fresh to…
Read More

Oil prices have come under heavy selling pressure this week with the market turning lower from the 65.40 level. The catalyst behind the move has been the combination of a higher US dollar and the EIA reporting a further build in US crude…
Read More

Crude Stocks Soar Following two days of declines, oil prices shot higher midweek. The latest report from the Energy Information Administration showed a mammoth build in US crude stockpiles. The EIA reported that in the week ending…
Read More

Oil prices are steady after rising to a new 13-month high. The gains come as the latest report shows a drop in US Crude oil output. The weaker dollar is also helping the commodity to maintain its hold. For the moment, prices are…
Read More

The price of WTI appears to have peaked in the middle of the week, as the weather conditions in Texas are improving. This, despite many refineries still shuttered in the region after the once-in-a-century cold front devastated the area.…
Read More

Crude oil prices have broken out to fresh one-year highs this week as the market continues to derive demand amidst the ongoing bullish sentiment across risk assets recently. With traders focusing on the US economic recovery, the prospect…
Read More

Shares in US energy firm Exxon are trading a little higher pre-market on Thursday, following on from a strong rally over yesterday’s session. Having corrected lower from the recent highs above the 51 level to lows of mid 46, Exxon shares…
Read More