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Crude oil drops for fifth day

Crude oil has extended its falls for the fifth day. A barrel of Brent oil now costs less than $52 while WTI is at $45.50 […]

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April 22, 2017 04:32 AM

Crude slumps as fears intensify over US supply surplus

After a significant drop last week, oil prices tried to stabilise themselves at the start of this week as both contracts ended Monday’s session slightly […]

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March 15, 2017 12:05 AM

Crude oil slumps

A correction of some sort in crude oil prices seemed inevitable and this may well have started today with both contracts falling nearly 4% each. […]

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March 9, 2017 06:03 AM

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Crude in risk of correction but outlook still bullish

Both oil contracts have bounced back a little after Thursday’s sharp plunge. The all-time high crude stockpile levels in the US is the number one […]

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March 3, 2017 11:51 PM

Crude stocks may have snapped six-week build streak

Oil prices have bounced back after Wednesday’s decline and are thus back higher on the week after Monday’s rally. As before, I think oil prices […]

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February 24, 2017 12:02 AM

Crude oil look set to resume bullish trend

Oil prices have been coiling for several weeks now with both contracts spending most of their time in a tight four dollar range. Brent has […]

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February 21, 2017 10:39 PM

Crude steady as DoE oil stocks build lower than API estimate

Crude oil prices have been on a roller-coaster ride to absolutely nowhere in recent weeks. It appears as though the buying and selling pressure in […]

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February 16, 2017 02:45 AM

Exxon tracks oil price relapse

The wheels have come off the U.S. energy sector rally.

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February 9, 2017 08:07 AM

Crude: grind higher continues…

After an uninspiring couple of weeks, oil prices looked to be finally on the move this week: both crude contracts were trading higher for the […]

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February 3, 2017 05:15 AM

Crude struggles despite surprise draw in US oil stocks

Crude oil struggled to hold onto its initial gains made on the back of the official US oil inventories report. Both contracts initially bounced nicely […]

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December 15, 2016 04:43 AM

Crude oil fundamentals continue to improve

Oil prices found decent support late in the day yesterday to more than make up for the losses they had suffered earlier in the session […]

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October 20, 2016 12:15 AM

WTI surges as crude stockpiles drop sharply

Well, no one saw that coming. As if the API’s estimate for a 12 million barrel drawdown in US stockpiles wasn’t eye-catching, the official EIA […]

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September 9, 2016 02:54 AM

Crude stocks fall more than expected, gold traders await FOMC minutes

The official weekly crude oil inventories report from the US Energy Information Administration (EIA), released this afternoon, has confounded expectations in a positive way and […]

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August 18, 2016 03:40 AM

Crude’s long-term outlook remains bullish

Overnight saw crude oil extend its decline as concerns about oversupply were reinforced although prices have since rebounded ahead of the publication of the official […]

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August 11, 2016 12:02 AM

AUD/CAD drops to test key support

This is a quick update about the AUD/CAD article we posted on Wednesday of last week (click HERE for details). Although oil prices have remained […]

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July 20, 2016 03:50 AM

AUD/CAD in focus as traders eye Aussie data, oil prices

The Canadian dollar has endured a volatile day because of the slump in oil prices on the back of the latest US oil inventories report […]

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July 14, 2016 04:20 AM

Crude back at $50 as traders anticipate sharp draw in US stocks

Oil prices are little-changed at the time of this writing after they snapped back into the positive territory and above $50 a barrel late in […]

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June 22, 2016 11:22 PM

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Crude: oil rally’s gravestone carved?

Crude oil prices fell sharply at the end of last week and have extended their losses as the new week begins. At the time of […]

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June 13, 2016 10:13 PM

Crude’s hesitation around $50 could end soon

Oil prices were trading noticeably higher this morning. A barrel of oil cost $50.80 in London while the US contract was trading at $49.85. Brent […]

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June 7, 2016 03:35 AM

Crude oil in consolidation mode ahead of OPEC meeting

Having momentarily surpassed the $50 hurdle, Brent and WTI suffered from profit-taking in the second half of Thursday’s session before extending their losses slightly on […]

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May 27, 2016 10:08 PM

Crude eases ahead of $50 hurdle

After another typically volatile 5-day period, both oil contracts ended higher for a second straight week. On Friday however, oil prices fell and they have […]

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May 23, 2016 09:46 PM

USDCAD: Will the Loonie finally make up its mind?

The US dollar has eased off its best levels after rebounding across the board following the release of some strong US macroeconomic pointers on Tuesday. […]

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May 18, 2016 10:34 PM

Crude prices surge to fresh 2016 highs

Brent and WT crude oil prices have sharply extended their advance to fresh 2016 highs on this first day of the new week by approx. […]

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May 17, 2016 03:23 AM