Southern US Damage By Storms Oil prices fell at the end of last week as severe weather disruptions in the US threaten to deepen the supply glut that has weighed on prices over the last few years. Hurricane’s Harvey and Irma have devastated large parts of the Southern US including Texas and South Carolina meaning there will be a large downshift ...
Brent and WTI Crude oil have recovered most of their recent losses, turning positive on the year once again. The main reason behind the recovery is the latest announcement by Saudi Arabia, saying that they will propose to extend the production cut deal at the next OPEC meeting. This time, both Crudes managed to react positively to these remark...
Abdalla Salem El-Badri, Secretary General of OPEC. Since the beginning of the year, Crude Oil prices has been trading within a sideways trend. WTI is trading between $51 and $54, while Brent is stuck between $54 and $57, New with no clear direction. This is also despite the fact of the successful OPEC deal in addition to the excessive inventor...
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