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Oil is sliding lower towards $70, a decline by over 4% intraday. The price cut in WTI comes on the back of a price cut by Aramco in its Crude pricing for mainly Asian countries. Meanwhile the option markets sees a further swing in favor of more
Crude Oil erases all the gains from the Fed pivot. What’s next?
Oil prices are flat whilst residing below $74 with some downside pressure building. Saudi Arabia has cut its key Oil price by $1.25 per barrel for deliveries in Asia as of February. The news comes not from Saudi Aramco itself, but from three
Oil prices are dropping near 1% during European trading hours on Thursday. The slide comes on the back of another build in US Stockpile numbers published overnight from the American Petroleum Institute (API). With a build of 1.837 million
Oil prices are set to pop higher with a pickup in demand. The demand comes from Indian refiners, the third biggest in the world, who are purchasing oil from nearby Middle Eastern countries for immediate delivery. The surge in demand comes as