Browsing Tag

OPEC Meeting

Orbex Market Flash

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…

Weekly Crude Oil Inventories Report

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…

Weekly Crude Oil Inventories Report

Oil continued to trade higher this week despite the latest inventory data from the Energy Information Administration in the US which showed stockpiles having risen over the last week. The data from the EIA for the week ending September 21st…

Weekly Crude Oil Inventories Report

Crude oil prices were higher this week as the latest data from the Energy Information Administration showed that US crude oil inventories fell for a fifth week last week, dropping 2.1 million barrels to 394.1 million barrels per day for the…