Oil prices rallied yesterday following the EIA weekly data and are up further today. Despite the rise in US inventories (4.1 mln barrels) more than four times greater than expected, participants focused on other details....
In a bid to shore up the Middle East nation’s finances battered by the global slump in crude prices, Saudi King Salman has pledged to diversify the country’s economy and veer off its heavy dependence...
Many observers have proclaimed the death of OPEC. This seems to be a premature judgment, and may reflect a misunderstanding of oligopolistic practices. The decision not to cut production is not a sign of the...
Range bound trade is expected, Bullish traders needs to be cautious. From the daily Brent crude oil price chart, it can be observed that Brent crude oil price after a breakout from the horizontal uptrend...
Singapore – December 14, 2011 : High oil prices threaten to worsen a global economic slowdown and crude producers should consider boosting output, the chief economist for the International Energy Agency (IEA) Mr Fatih Birol...
COMMODITIES : Price divergence between the world’s top oil benchmarks creating a wreaking havoc among energy investor, Traders and Hedgers. Divergence between Western Texas Intermediate oil (WTI Crude) increasing from top global oil references Brent Crude....
