Crude Oil

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 touch 47 during yesterday’s trading. However, both Brent and Crude recovered some of their last week’s decli...

2017-08-16 Nour Eldeen Al-Hammoury Read more
Crude Oil_WTI_0106

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 saying that Crude Oil stabilization is the goal and that the commitment ratio for the output cut is more than 10...

2017-08-11 Nour Eldeen Al-Hammoury Read more
Crude Oil

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 managed to trade between $47 and $42, despite the fact that there were many catalysts affecting Oil demand and in...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude oil_OPEC_2206

Crude Oil prices continued to decline further despite the fact that OPEC and Non-OPEC members have been active in the media, trying to increase the hopes of stabilizing the market. However, things have just got even more interesting. Crude Oil Enters Bear Market Both West Texas Crude and Brent Crude have entered a bear market status, despit...

2017-07-26 Nour Eldeen Al-Hammoury Read more
crude_Orbex_OPEC

It's been almost a month since the OPEC members met and decided to extend December’s deal for another 9 months until March of next year. Since then until now, Crude Oil prices did not even rise above the price at which OPEC has announced that extension. In fact, Crude Oil prices are now below the low of the year, posting the lowest level since ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Qatar_Crude Oil_0606

During the early morning hours of Monday, the first trading day of the week, the Middle East woke up to a bunch of breaking news, leading Crude Oil prices to rise by 1%. On Monday, many Arab countries decided to cut their ties with Qatar on claims that Qatar is supporting international terrorism. The decisions were tough, as many countries brok...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude Oil

If you were following and reading our previous article, you should not be surprised about why Crude Oil prices lost more than 2% last week. Despite the fact that OPEC has agreed to extend the output cut for more than six months, Oil failed to rally. OPEC even agreed to extend the deal for nine months until March of next year. Yet, Oil failed to...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude Oil_OPEC_1105

If you have been reading our reports throughout the past four weeks, especially the ones about Crude Oil, you should not be surprised about the recent rally in both Brent and WTI Crude. We warned many times that OPEC and Non-OPEC members would not allow the prices to dip lower significantly: Oil producers will do whatever it takes to keep the p...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude Oil_OPEC_0405

After few weeks of gains due to the shortage in the US Crude Oil inventories, in addition to some OPEC meeting remarks, Crude Oil failed to stabilize and is nearing this year’s lows once again. Since the beginning of the year, the price has been under pressure as there were not enough fundamentals to support the prices higher. Moreover, the ma...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Oil_ Gas station

We are back to square one. The same scenario and pattern are repeating over and over. Crude Oil prices are going nowhere anytime soon. As we noted in our previous reports, especially the one last week, after the prices went green on the year again, some of the OPEC members noted that it's too early to talk about extending December’s deal. This...

2017-04-19 Nour Eldeen Al-Hammoury Read more