Crude oil prices were able to recover initial losses this week as the latest data from the Energy Information Administration showed a larger than forecast draw in stockpiles.
The EIA data for the week ending January 11th, showed US crude… Read More
Crude oil prices soared higher this week as a combination of factors boosted prices. Having fallen by around 40% since the high levels seen in 2018, crude oil has come under increasing attention with many market players voicing their… Read More
US crude oil inventories have started the year on a positive footing as the first industry data of the year has highlighted little change in stockpiles.
The latest weekly report by the Energy Information Administration, covering the week… Read More
Crude Stocks Fall For Third Consecutive Week
Crude oil was sharply lower once again this week despite the latest industry data which showed a build in US crude inventories. The latest report from the Energy Information Administration,… Read More
Despite expectations of a weaker figure due to the dramatic slump in oil prices over the last two months, US CPI remained broadly unchanged over last month.
The headline CPI reading for November, reflected the weakness in energy markets,… Read More
Crude oil prices this week turned lower once again despite the latest data from the Energy Information Administration, released yesterday, showing that US crude stocks experienced a less than expected drawdown.
In the week ending December… Read More
Non-Commercials increased their net shorts in the Euro last week selling a further 6k contracts to take the total position to -61k contracts. The main focus this week will be whether the ECB proceeds as expected and announces an… Read More
The recent OPEC meeting which kicked off in Vienna in the back end of last week ended over the weekend with some positive news for crude bulls.
The fifteen-member oil-producing cartel along with non-OPEC allies, led by Russia, announced… Read More
Crude oil prices this week cratered to a fresh 2018 low on yet another build in US crude stockpiles. The latest data from the Energy Information Administration, which collects the data weekly, showed that in the week ending November 23rd,… Read More
Crude oil extended its current sell-off to a sixth consecutive losing week this week. The increased selling came on the back of yet another reported build in US crude oil inventories.
The latest data from the Energy Information… Read More