Dec 11, 2015 09:54 am UTC| Insights & Views
A brief historical snapshot: Commodities are experiencing what has already been the second-deepest and longest bear market of the past 45 years, with a decline from their peak of over 55% over the past 4.5...
FxWirePro: Oil – what are next target areas?
Dec 11, 2015 07:40 am UTC| Commentary Technicals
Oil bears are just not backing down, even if the price is inches away from its lowest level in 2008/09. During the financial crisis WTI price hit as low as $36.18/barrel in the spot market for immediate delivery and today...
Dec 09, 2015 13:54 pm UTC| Insights & Views
Brent costed less than $40 per barrel again yesterday for the first time since February 2009 but recovered upto 40.46, WTI has been lingering with bearish favorite figure at 37.75 ahead of inventory data. No doubt it...
Supply glut of crude oil and industry raw materials likely to abate in 2016
Dec 07, 2015 09:15 am UTC| Commentary
US higher interest rates are certain to be the biggest difference in the coming year, but the conditions could also change fundamentally on commodity markets. Supply glut of crude oil and industry raw materials should...
Oil in global economy series – An OPEC without ceiling
Dec 07, 2015 08:35 am UTC| Commentary
Two of the global benchmarks, WTI and Brent, are only few Dollars shy from lowest price of 2008/09 crisis, as OPEC last Friday not only failed to cut back production, they just dropped the ceiling. Nevertheless there seems...
Oil prices likely to remain under pressure till next OPEC meeting
Dec 07, 2015 06:48 am UTC| Commentary
There is a decline of more than USD 2 per barrel in the oil prices after the OPEC meeting as it is now clear that it would not announce new production target for cartel at its Friday meeting. The conference was for...
Brent price slips to lowest level since 2008/09 economic crisis
Dec 03, 2015 10:34 am UTC| Commentary
The oil price is trading at around the lows during the 2008/09 economic crisis, in run-up to the OPEC meeting tomorrow, which should really increase the pressure on OPEC to respond. It would appear that most OPEC...
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