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 more
Crude Price Outlook
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 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 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 Outlook- Soaring Cushing Inventories
Today sees the impact of Iran signaling to the world that it is ready to halt its nuclear program. Cushing inventories are at all time high and the Fed has opened the door for further monetary easing. The points which gathered the media’s interests today are: Ben Sharples of Bloomberg highlights the recent events of…Read more
Crude Oil Price outlook – Spain Debt Woes
Rising inventories at Cushing, OK, a surprisingly robust growth in crude oil production, slowing import in China and Germany and the debt crisis in Spain were the highlights yesterday