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Oil Prices

limassol-oil-rig

Is oil market moving from balance into deficit?

04/05/2017(0)
Market demand is heading into balance in the second half of the year, should the Organization of the Petroleum Exporting Countries (OPEC) extend its production-cut agreement with other producers ... Read More
oil markets

Oil posted losses for two weeks in a row

02/05/2017(0)
U.S. crude futures have posted losses for two weeks in a row and are poised to sink again, according to a historical correlation between oil prices and GDP data. ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil rises on potential OPEC cut extension, but still faces second weekly loss

28/04/2017(0)
Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an ... Read More
Oil-prices-petrol-pump

Oil prices fall on lingering oversupply concerns

27/04/2017(0)
Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. U.S. ... Read More
Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing

Oil falls on bulging U.S. crude inventories, record global supplies

26/04/2017(0)
Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil edges up after six days of straight losses

25/04/2017(0)
Oil prices inched up on Tuesday but markets remain under pressure following six consecutive sessions of declines as traders lose confidence that pledged output cuts by major producers will ... Read More
Oil Prices, A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

Oil recovers lost ground, but market remains under pressure

24/04/2017(0)
Oil prices recovered ground on Monday following last week’s big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although ... Read More
Venezuela

Here’s what Venezuela’s deepening crisis means for oil prices

21/04/2017(0)
Venezuela and its worsening economic and political crisis may be an underappreciated wild card when it comes to the outlook for oil prices. The nation, which has the world’s ... Read More
Shaybah oilfield complex is seen at night in the Rub' al-Khali desert, Saudi Arabia

Oil prices set for biggest weekly drop in a month

21/04/2017(0)
Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to ... Read More
View of gasoline pumps at a petrol station in Paris

Oil prices claw back some losses, but oversupply still weighs

20/04/2017(0)
Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a global supply overhang might ... Read More
Broker Cyprus TopFX