EDGY INVESTMENTS: Awaiting Iran talks

Given the current bearish trend, welcome news for the bulls finally arrived. Prices rose after seven days as China pledged to boost its economy.  There are crucial upcoming events that will decide the future oil price. The foremost is talks with Iran this week over its nuclear program. The issue of weekly petroleum inventory on…Read moreRead more

And the EU pot continues to boil

Florence Tan reports from Reuters that oil is headed for a fall for a straight drop continuously in three weeks. This is attributed to the worsening EU crisis in managing the sovereign debt and a slowdown depicted in US economic data.  First there is the political chaos following the elections in Greece and secondly, Spain…Read moreRead more

CRUDE OIL PRICE OUTLOOK- Bearish Trend and Rogue Trading

Oil is continuing its downward trend as more bearish news continues to surface. Today media pinpointed the following issues: Reuters reports that Brent crude slipped below $112 today as traders focused on the negatives. Greece talks to form a coalition failed which is causing political indecisiveness across the region. Germany, the largest economy in EU…Read moreRead more

CRUDE OIL PRICE OUTLOOK- Disappointing Chinese Demand

The much anticipated data on Chinese demand went out on Thursday and now markets are reacting to it. US crude oil supplies are also reaching ever-higher levels and the outcome from the elections in France and Greece to the sovereign debt crisis is highlighted in the following media updates today: Mark Shenk of Bloomberg reports…Read moreRead more

CRUDE OIL PRICE OUTLOOK- Elections in Greece and France

The crucial elections in France and Greece finally took place and the markets’ reaction is seen as bearish. Whether this trend will continue or not depends on perhaps the sole bullish feature; whether EU will implement the ban on Iranian oil or not. Investors are waiting this week for China to generate data on its…Read moreRead more

CRUDE OIL PRICE OUTLOOK- Volatility Reigns Again

Volatility has returned to the market. With the Iran situation tension slithering down the oil market has focused on the demand side and the health of the economies of US and European nations. This is precisely what caused such a dramatic drop in oil prices in just over a day or so. Comprehensive coverage by…Read moreRead more

CRUDE OIL PRICE OUTLOOK- Preparations for the Summer

Swings are common in the oil market as today’s analysis shows. Summer season is almost at the footstep and preparations are underway. Is the oil price downward trend temporary and will be offset by the higher demand in the summer season? Media explores this point and a number of other relevant highlights in today’s print:…Read moreRead more

CRUDE OIL PRICE OUTLOOK- High business confidence in South Korea

Today oil prices increased but the bearish features are still here to stay for a while at least. There have been few developments in media today with some of the major points highlighted in these prints: Oil prices increased due to higher consumer spending and signs of higher demand rising from Asia, Ben Sharples of…Read moreRead more