Crude Oil Insights Author: Usman

Author: Usman

Falling Oil Supplies

Oil futures rose amidst US gasoline supplies decreasing and the housing sales in the US picking up pace. Brent Crude futures rose by 0.83 percent to USD $ 106.03 per barrel, while WTI crude futures rose by 0.79 percent to be at USD $ 90.58 per barrel. The US Energy Department declared in a report…

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US pressure on Iran heating up

Crude oil futures rose to a seven week high owing to rising tensions between the United States and Iran, along with expectations about the US Federal Reserve increasing the stimulus in the US economy. Brent crude futures increased by 0.29 percent to be at USD $ 103.670 per barrel, while WTI crude futures rose by…

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China to Boost its economy

Oil rose for a third consecutive day on the strength of the belief that economic growth in China would receive a boost in the second half of this year, along with more sanctions announced on Iran by the United States. Brent crude future rose by 1.32% to close at USD $102.40, while the WTI future…

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