Speculative net long positions in Brent rose to record level
Speculative net long positions in Brent rose to record level Saudi Arabian oil production also close to record high in April Oil prices were characterized by high volatility…
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IEA sees the risk that US crude oil stocks could reach the capacity limit
IEA sees the risk that US crude oil stocks could reach the capacity limit, WTI falls to 6-year low US oil rig count fell further, but US oil production still shows no sign of…
End of price war on oil market in sight?
Saudi Arabia has increased its official selling prices for April for consumers in the US, Europe and Asia. The price discount for Asian customers was reduced by $1.4 per barrel.…
Brent oil continues to appear immune to negative news
Brent oil continues to appear immune to negative news WTI forward curve at the front-end as steep as four years ago The Brent price appears immune to the negative news. US crude…
Lowest deline of US oil rig count in seven weeks
Lowest deline of US oil rig count in seven weeks Speculative financial investors cover short positions in WTI Oil prices are beginning the new week of trading with slight losses.…
Price explosion for crude oil – what lies ahead?
Oil prices surged by 18% within three trading days, the sharpest rise in six years. OPEC’s strategy to push US shale oil producers out of the market appears to be working. In…
Oil continues to make a sound recovery
Oil continues to make a sound recovery, and has risen this morning for the fourth consecutive day. During the last two trading days alone, Brent has gained more than 11%, the…
Oil prices still in free-fall despite record-high Chinese crude oil imports
Oil prices are continuing to slide unchecked. At only marginally above $45 per barrel, Brent is now trading at its lowest level since March 2009. At less than $45 per barrel, WTI…
Soaring prices of sugar and Arabica coffee after exaggerated declines
The raw sugar price surged by 5% to 15 US cents per pound within a matter of seconds yesterday, whereupon trading was briefly suspended. It had gained a good 4% by the close of…
Brent below $50 mark for first time since spring 2009
Oil prices continued to slide unchecked yesterday. Brent fell by an additional 3.8% to $51 per barrel, while WTI shed 4.2% to reach $48 per barrel. Brent has dipped below the $50…