Rumors of emergency OPEC meeting surface as oil nears $30/barrel
Jan 12, 2016 12:02 pm UTC| Commentary
Oil price today dropped to as low as $30.4/barrel and rumors started surfacing that OPEC might hold an emergency meeting over the groups strategy to reign over oil price. Lower oil price is also creating panic in stock...
Jan 12, 2016 11:22 am UTC| Commentary
Both Brent and WTI are at twelve-year low of slightly over $30 per barrel. Brent dropped 6% yesterday, while WTI declined 5%. Today the prices have registered a drop of over 2%. Oil prices are expected to continue with the...
Oil slips to 12-Year low, may touch $20 a Barrel as expected
Jan 12, 2016 06:44 am UTC| Commentary
Oil was traded on Tuesday near its weakest levels since 2004. Futures for WTI fell 2.39% to trade at $30.66 per barrel, while Brent futures slipped 2.51% to $31.08 per barrel. One of the reasons for downfall is strong US...
Driving forces of crude inventory - WTI slips below $33/brl to hit multi-year lows
Jan 07, 2016 12:31 pm UTC| Insights & Views
We think this is nothing but demand supply equation seems heading a rampant, as per the US department of energy, demand during end of 2015 was weaker than at any time in more than ten years, and was 9.3% down on the YoY...
API reports deficit, while WTI awaits EIA report – calls updated
Jan 06, 2016 13:20 pm UTC| Commentary
WTI is continuing its downward slide, as Middle East tensions failed to lead into greater crisis. Key factors at play in Crude market Middle East tensions between Iran and Saudi Arabia bearish for crude as it...
Middle East tensions act as negative for Crude
Jan 06, 2016 11:51 am UTC| Commentary
Global benchmark Brent crude is down almost 4% today, falling again to discount against WTI as supply glut refuses to abate. North American benchmark WTI is down 2.5%. Brent has hit fresh 11 year low, surpassing 2009...
Oil prices rising, Investors await the fresh weekly stockpile report
Jan 06, 2016 06:41 am UTC| Commentary
US crude futures were trading slightly elevated on Wednesday, as traders await the inventory report before deciding on any major move. Futures for WTI added 0.22% to trade at $36.05 per barrel, while Brent futures gained...
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