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Daily (16.03.2017): Oil prices record the first rebound in a week as U.S. stocks retreat
Crude oil prices rebounded for the first time in more than a week on Wednesday on an unexpected decline in U.S crude stockpiles and figures from the International Energy Agency (IEA) showing that OPEC cuts could trigger a crude deficit in the first half of 2017.
read more... 16/03/2017
Daily (15.03.2017): Crude oil plunges to 3-month low on Saudi Arabia output rise
Crude oil prices fell on Tuesday after OPEC unveiled an increase in global crude stockpiles and an unexpected output rise from its biggest member, Saudi Arabia, eroding nearly all gains since OPEC announced output reductions in November.
read more... 15/03/2017
Daily (13.03.2017): Oil slumps to three-month lows on rising U.S. rig count
Crude oil prices eroded gains on Friday, pushing prices to three-month lows on worries that OPEC-led production cuts have not yet reduced a global oversupply of crude.
read more... 13/03/2017
Daily (10.03.2017): Crude oil plummets to the lowest level since OPEC deal
Crude oil prices dipped about 2% on Thursday in heavy trade, prolonging the previous session’s decline as record U.S. crude inventories intensified concerns about the effectiveness of the OPEC deal to curb a global oversupply.
read more... 10/03/2017
Daily (09.03.2017): Oil prices dropped by 5% at the lowest level this year
Oil prices registered on Wednesday a 5 percent decrease to their lowest levels this year as U.S. crude inventories jumped to a new record high, increasing worries that a global surplus might last even with OPEC trying to sustain prices with production cuts.
read more... 09/03/2017