Browsing Tag

OPEC

Traders Focus on OPEC Meeting

Crude Stores Fall Crude prices rallied strongly this week. The latest report from the Energy Information Administration revealed a large drawdown in US crude stores. The EIA report showed that in the week ending November 29th, US crude… Read More

OPEC Cuts Demand Forecasts

Crude has been knocked lower this week as worsening global conditions and a series of forecast downgrades have trumped the latest moves in inventories data. On Tuesday, the American Petroleum Institute reported a 7.23 million barrel… Read More