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 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 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 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 more
CRUDE OIL PRICE OUTLOOK- RISE IN US CONSUMER SPENDING
A number of important developments have taken place regarding the EU crisis, the US economy and OPEC production levels. These are covered by the following media prints: Grant Smith of Bloomberg reports that oil prices fell on April 27th 2012 due to the fact that Standard & Poor renewed the credit rating and lowered it…Read more
CRUDE OIL PRICE OUTLOOK- OBAMA WARNS SPECTATORS
This week’s was a roller coaster ride for oil prices. The gap between WTI and Brent reduced. Along with that is President Obama’s statement to take strict action against oil price speculators. It is also time to take look at how much exactly is the debt crisis weighting upon the Brent. The media this week…Read more
Crude Oil Price Updates: 7 reasons you should short oil now.
With the uncertainty around US economy, the 10% drop in sales and industrial production in Japan, the tightening in China, inflation in India and the Euro crisis in Western Europe, the only growth story in 2011 will be Germany. That does not justify the build up in demand gap we have all been talking about for the next 2 – 3 years. And while Japan may face a shortfall of 10MW the increased consumption in fuel oil required by Japan over the rebuilding phase is adequately covered by the excess production capacity within both OPEC and non-OPEC members.