OPEC

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…
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The year 2017 was a very eventful one, and a year when geopolitical uncertainties drove market trends globally. The year saw a massive surge in the US stock markets, ahead of the proposed tax cuts, a slump in the value of the British pound…
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The much anticipated two day OPEC meeting concluded last week. As widely expected, OPEC and its allies (outside the OPEC group) decided to maintain oil production cuts to the end of 2018. A day after the talks in Vienna on Thursday, the…
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FX Week Ahead 27.11.17 Economic data next week will be focusing on the U.S. inflation figures amid a rather slow week. Traders will also focus on the confirmation hearing for the proposed Fed Chair, Jerome Powell. His nomination is…
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The main question everyone asks nowadays is why are crude oil prices falling? Many traders are asking the same question over and over again, and so far, there is no logical answer for such question. If you are reading this article and you…
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Last week, Crude Oil tumbled despite the huge decline in the US Crude Oil Inventories, which posted the biggest weekly decline since September of last year. Crude Oil prices ignored these figures and continued to decline further. Brent…
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After last week’s failure to break higher in Brent and WTI, which showed a clear bearish signal on the weekly chart, both crudes declined sharply at the beginning of this week. Brent declined all the way to $50 while WTI Crude managed to…
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Once again Crude Oil Prices showed further signs of weakness, despite all of the measures that have been taken by the Oil producers, whether OPEC or Non-OPEC members. Every day we are receiving new statements by many of the producers…
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Crude Oil managed to recover from June’s lows all the way to today’s high, supported by some OPEC and Non-OPEC members remarks, in addition to some inventories data. Despite all the talk about the production cut deal, there is something…
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For the past four weeks including this week’s trading so far, Crude Oil has been trading within a range of $5, whether in Brent or WTI with no clear direction. Brent Crude was in the range between $45 and $50, while West Texas Crude…
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