abu dhabi oil boat

Crude Oil prices are heading to a very bearish week with prices currently down by over 7.50% on a week to date basis. After closing last week at $49.18 a barrel, WTI Crude oil futures opened this week slight lower at $49.12 and after a brief rally to fill the weekend gap, prices extended their declines for the most part of the week, save for a m...

2016-07-08 John Benjamin Read more
Oil_Inventory_3006

WTI Crude oil prices gained strongly yesterday, ending 4.20% higher for the day at $49.88. The gains in the Crude oil markets came after a larger than expected drawdown in the inventory report. Data from the US Energy Information Administration said crude oil stockpiles fell 4.1 million barrels for the week ending June 24, posting a sixth consec...

2016-06-30 John Benjamin Read more
Crude Oil

WTI Crude oil prices have been trending lower over the past few weeks, but it is very likely that oil prices will soon resume a new leg to the bullish rally in the near term. Yesterday, Crude oil futures for August delivery fell 1.44% after prices attempted to reclaim the $50 a barrel handle. Further upside is expected on a break above the $50 p...

2016-06-23 John Benjamin Read more
Oil_ Gas station

As Crude Oil prices continue to chug along higher, the hitherto bearish narrative surrounding OPEC producers is clearly turning into a broken record. Oil prices are steady for nearly 3 months, make that four if you count the doji close in February, after prices fell to 12-year lows of $26.05. While the first half of the year saw a continued dec...

2016-06-09 John Benjamin Read more