Browsing Tag

US Oil

Weekly Crude Oil Inventories Report

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…

Orbex Market Flash

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,…

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…