Is OPEC still engaged in a price war?
Brent failed yesterday to stabilise at above $45 per barrel and has even dipped below $44 per barrel again this morning. The price climbed ahead of the DOE’s inventory data, but…
commerzbank research
Saudi Arabia producing almost back at record level
Oil prices have resumed their downswing after a brief interruption. Brent almost dropped back to the 3½-month low of $41.8 per barrel it hit at the end of last week, while WTI…
Gold price continues to soar
Gold has climbed to $1,370 per troy ounce this morning, its highest level since March 2014. As such it has also exceeded the high it achieved on the day when the result of the…
Withdrawal of financial investors and oversupply of gasoline put oil prices under pressure
Oil prices have been under pressure since yesterday evening. Brent has dipped below the $50 per barrel mark again, while WTI is likewise significantly down on yesterday at $48 per…
China imported significantly less crude oil in August
Saudi Arabia plans to continue to produce at the current level until the end of the year China imported significantly less crude oil in August compared to the almost record-high…
News about markedly falling US crude oil production lead to soaring oil prices
Oil prices made strong gains yesterday for the third consecutive day, Brent rising by a further 8% and WTI by 9%. Another sharp price increase did not seem on the cards at the…
Price differential between Brent and WTI has risen to more than $7 per barrel
Outage of a crude distillation unit in the US Midwest weighs on WTI oil price Price differential between Brent and WTI has risen to more than $7 per barrel Oil prices are…
Falling US inventories support price rise of crude oil
Falling US inventories support price rise of crude oil Coal price faces increasing headwinds Oil prices are recovering somewhat from the lows they hit at the beginning of the…
Crash on the gold market
Gold plunged for a time by $50 to the lowest level since February 2010 The Chinese central bank bought a good 600 tons of gold in the last six years Crash on the gold market –…
Oil prices show steepest monthly increase in six years
US oil rig count dropped for the 21st consecutive week OPEC oil production rose to the highest level in more than 2 year in April As the new week of trading gets underway,…