Search Results for: Crude oil prices
U.S. Oil Prices Dipped On Increased Drilling
November 27th, 2017
U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut would be extended. U.S. West Texas Intermediate (WTI) crude ...
What Drives The Oil Prices Rise
November 22nd, 2017
Oil prices rose on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling U.S. crude inventories, while expectations of a prolonged OPEC-led production cut also offered support. U.S. West Texas Intermediate (WTI) crude ...
Oil Prices Leap On Back Of Major Pipeline Leak
November 20th, 2017
The combination of a major US pipeline leak of 795,000 litres and additional OPEC production cuts saw oil prices jump more than two per cent after a series of falls. Brent crude contract prices for January closed at $US62.72, ...
Oil prices dropped; OPEC meets on Nov. 30
November 16th, 2017
Oil prices dropped on Wednesday after the U.S. government reported an unexpected increase in crude and gasoline stockpiles, but an increase in refining runs and a drawdown in distillates helped prices bounce off session lows. Prices also remained under ...
Oil Markets Cautious
November 14th, 2017
Oil prices fell on Tuesday as the prospect of further rises in U.S. output undermined ongoing OPEC-led production cuts aimed at tightening the market. Brent crude futures LCOc1 were at $62.94 per barrel at 0415 GMT, down 22 cents, ...
Oil prices hits highest levels since 2015
November 6th, 2017
Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. Brent futures LCOc1, the ...
Elliott Wave Analysis: USD Index and Crude oil Update
November 2nd, 2017
USD Index broke to a new high of the month recently, so we have to respect what the market is doing and go with the flow. It’s a sharp rise up from 93.48 region that looks like a wave ...
Oil traders take profits
October 31st, 2017
Oil prices eased on Tuesday as traders took profits following days of gains and as the prospect of increasing U.S. exports dampened overall bullish sentiment that has driven Brent above $60 per barrel. Traders said that Iraq’s move to ...
Oil markets stable on expected extension of output cuts
October 30th, 2017
Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. Brent crude oil futures, the international benchmark for oil prices, ...
Oil for gold – the real story
October 27th, 2017
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing ...
