Oil prices

Crude oil prices rose further this week, trading up to fresh seven-year highs, before retracing slightly in response to developments with Saudi Arabian output and the latest US inventory data. Speaking mid-week, Khalid al-Falih, the… Read More

OPEC reports lower production from Saudi Arabia Th USA imposes fresh sanctions on Iran, threatens nations still trading with Iran Weekly crude oil inventories report a build up EIA revises down U.S. oil production for 2018… Read More

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR has now been net sold for each consecutive week over the last month as the market has… Read More

Crude oil prices were in for a bumpy ride last week, as surprising comments from Saudi Arabia helped to keep the bullish momentum going. Oil prices were already surging strongly earlier in the week following tensions surrounding Syria and… Read More

Frequent fluctuations in oil prices have made many people think about ways to buy and sell oil and potentially make some profit for themselves. But does that mean that you need to buy and hoard oil barrels to be able to sell them when the… Read More

The Organization of Petroleum Exporting Countries or OPEC meet this week on November 30 in Vienna, Austria for the 173rd OPEC meeting. The event will see Russia, the largest non-OPEC nation joining hands with Saudi Arabia in deciding about… Read More

Oil traders are on the sidelines as the markets edge closer to the November 30th OPEC meeting. Oil ministers of the OPEC member nations will meet in Vienna next Wednesday, November 30, 2016, where a deal to cut oil production is high on the… Read More

Saudi's Minister of Energy and Industry, Khalid Al-Falih. Image via World Economic Forum Crude oil futures contracts rallied to a fresh yearly high yesterday closing at $51.42 a barrel. The gains came for a second consecutive day after the… Read More

Crude oil prices posted three straight weeks of gains reversing off the lows near $43.40 and thus marking the completion of the head and shoulders pattern that the readers were first alerted to back in August. The current rally in oil… Read More

Last week’s decisions by some of the major central banks saw the status quo being maintained. Garnering more than the usual share of attention were the BoJ and the FOMC. While the BoJ’s policy changes perplexed markets briefly, the FOMC’s… Read More