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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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
Crude oil slumps
This may be a dreaded month for the equity market investors and so far it is proving that way due to some really disappointing corporate […]
Crude oil continuing to defy gravity
Crude oil prices have been consolidating inside narrow ranges over the past several trading days after wrong-footing many traders in the aftermath of the Russia-OPEC […]
Crude off lows as traders sharpen focus on US oil stocks
Crude oil prices have managed to recover slightly after falling by as much as 2.5 per cent earlier, though both contracts were still down by […]
Crude may struggle to rise further ahead of Russia-OPEC meeting
The long wait for the much-anticipated Russia-OPEC meeting is almost over. The general feeling is that an agreement will be reached on Sunday in Doha […]
WTI crude drops to $40 as oil stocks jump
WTI crude oil fell on the back of data from the US Department of Energy which showed US oil stockpiles rose by a sharp 9.4 […]
Crude drops as rally runs out of fuel
Oil prices have retreated sharply at the start of this week, with Brent dipping back towards $38 and WTI to $36 a barrel, thus giving […]
Crude extends rally; US oil inventories eyed
Although higher today, oil prices are still stuck between a rock and a hard place. On the one hand, the consistent falls in US rig […]
Crude attempting to break higher as impact of bearish macro drivers fade
Crude oil prices have stormed back this week. As we go to press, Brent was trading at a good $36 per barrel while WTI was […]
Crude oil: stage set for potential breakout?
The crude oil volatility has been extremely high of late, with prices taking double digit percentage swings almost on a daily basis. Apart from the […]
WTI’s bounce short-lived as it hovers near 12-year lows
West Texas Intermediate oil dropped to a fresh 12-year low at just below $27.50 this afternoon, thereby revisiting the low it had hit in January. […]
Crude oil extends decline on on-going supply worries
The sharp rebound in oil prices from the middle of January proved to be short-lived as we and many other analysts had expected. Oil prices […]
WTI crude oil stabilising
Yesterday the US Department of Energy published its latest summary of crude oil inventories for the week ending January 29, 2016. The report showed several […]