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Oil prices are sliding lower on the back of the monthly OPEC report where the group is issuing a warning that it will closely monitor the Oil market balance with an expected surge in demand over the summer. On the geopolitical side, CNN reported
Oil prices are retreating on Wednesday, with traders gasping for air after seeing the overnight print from the American Petroleum Institute (API), which saw a massive 9.337 million build-up in US stockpiles. A number not to ignore as it means that
Oil prices are soaring over 1% at the start of the week after finding some technical support on the pivotal $80.63 level. Prices could be set to rise further due to both supply and demand factors.
Oil prices are turning red after the release of the monthly OPEC report. Biggest catalyst in the report that pushes Crude prices in the red this Tuesday comes from Iraq. The country produced substantially more barrels than the agreed quota amongst
Oil prices are trading in the green, though sideways overall this Monday with some slim gains on the back of headlines that Saudi Arabia’s Aramco has postponed plans to boost its production from 12 to 13 million