Market Analysis Crude Oil Crude oil resumed the volatile, however price tone were more govern on long term supply situation as OPEC production cut compliance is also becoming an issue. The prevailing re-balancing of oil market doesn’t is not bringing confidence in the market as
Market Analysis Crude Oil Crude oil resumed the bullish tone on Monday and remained strong till Wednesday and then corrected a bit, and overall prices remained stable, however, long term outlook still is very fragile. Oil price drivers this week have been EIA inventory number,
Market Analysis Crude Oil Crude oil resumed the bullish tone on Monday and remained bullish through out the week. However market participants still concerned about the fragility of the upward price movement. This week bullish trend is attributed to US inventory number, weaker USD, global
Market Analysis Crude Oil Crude oil started strong at the start of the week due to weaker USD and kept on moving north till Thursday on EIA weekly report, which depicted unexpected inventory draw down, specially a sharp draw down of gasoline inventory. However crude
Market Analysis Crude Oil Crude oil prices remained bearish throughout the week primarily based upon news on IEA report on enhanced demand for 2H 2017, import growth in China, weaker USD, EIA inventory data plus force majeure declaration from Nigeria and trading covering their short
Market Analysis Crude Oil Crude oil gained strength in the first two days of the week primarily on US dollar strength and firmer than expected data from China’s PMI Index. However crude prices afterwards moved south based upon concerned about over supply situation, with OPEC
Market Analysis Crude Oil Crude oil gained strength during the week, after displaying a poor run last week, with Brent jumped by 4.93% from last Friday and closed at $47.92 whereas WTI closed at 46.04/BBL an increase by $0.38/BBL. Supply fundamental remained the same as
Market Analysis Crude Oil Crude oil remained weak during the week with WTI closed at $43.10/BBL and Brent closed at $45.66/BBL on Friday, a decrease of 3.67% on Brent. The bearish tone is primarily due to the fact that OPEC cut is proving ineffective as
Market Analysis Crude Oil Crude oil remained weak during the week with WTI closed at $44.74/BBL and Brent closed at $47.37/BBL on Friday. OPEC monthly out report depicted increase of 0.33 million barrel a day primarily from Nigeria and Libya, which are not part of
Market Analysis Crude Oil Crude oil price close on Friday at $48.15/BBL, gained 0.61% from Thursday. The rise is due to a Trans Niger Pipeline leakage in Nigeria. Crude oil prices remained volatile, primarily on Middle East crises and rose to $50.12/BBL. Tuesday crude oil