Crude Oil WTI

Crude oil prices maintained the bullish winning streak for 5 straight days as prices touched a 6-week high on Wednesday. WTI Crude futures contract for September delivery closed at $46.92 a barrel after the weekly inventory report showed an…
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WTI Crude oil prices were seen trading at 4-month low near the $40 handle, briefly sliding to lows below $40 at one point. Oil prices continue to extend their declines now into two consecutive weeks. Last Friday, the US oil rig data showed…
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WTI Crude oil prices were supported to the upside as prices hit new yearly highs on Wednesday. The weekly US crude oil inventory report from the Energy Department showed a continued decline in stockpiles. After rising 1.3 million in the…
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Crude Oil futures for June delivery settled yesterday at $48.43 a barrel, with current price action seeing a follow through of the declines from yesterday. The weekly crude oil inventory report showed a surprise 1.3 million barrel buildup…
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WTI Crude oil extended gains for a second day as a surprise drawdown in inventory sends Oil higher, closing at $46.35 on Wednesday, 11th May 2016. A surprise drawdown in the weekly US crude oil inventory report released by the EIA…
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UK’s industrial and manufacturing output posted modest gains in March, but still remains low on a year over year basis. Oil prices remain volatile ahead of the weekly crude oil inventories report. Today’s Economic events RBNZ…
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It was a volatile week from the start as the markets opened to the news of failed Doha talks, which sent the markets opening sharply lower. However, by mid-day on Monday Oil was well on its path to a strong recovery. Precious metals were…
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UK jobs report highlights slowing pace. Japan's exports fall as analysts question what the BoJ might do next week. Oil prices retreat as Kuwait oil workers call off strike and Russia talks of boosting production. Today’s Economic events…
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Oil prices retraced their losses yesterday and closed in the green, followed by the equity markets which closed with strong gains in the US and was followed by a higher close in Asia today.  Today’s Economic events RBA…
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Image via Tribes of the World / (L-R) Bahraini Minister of Finance and Minister in Charge of Oil and Gas Affairs Sheikh Ahmed Bin Mohammed al-Khalifa, Kuwaiti Minister of Oil Hani Abdulaziz Hussein and Saudi Arabian Oil Minister Ali…
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