Venezuela

Crude oil prices were boosted this week in response to the latest industry data which showed a reduction in stockpiles. The weekly Energy Information Administration report showed that in the week ending March 8th, US crude inventories fell…

Crude Build Up Returns Following a strong rally over the last three weeks, crude prices stalled this week as the latest industry data reported an unexpected build in inventories. The Energy Information Administration report, covering the…

Oil Market on Verge of Historic Move Traders are preparing themselves for a historic event over the coming months as China readies for the launch of crude oil futures priced in RMB. The contract will be convertible to gold, meaning that…

Alexander Novak, Russian Energy Minister Iraq Seek OPEC Exemption After making a first challenge of the key 51.70 resistance level, Crude Oil prices have since reversed to trade lower over the week. The initial downside was fuelled by…