US equities gained 1% yesterday and the USD index pulled back 0.2% but neither commodities in general nor oil prices specifically got any tailwind from that....
Brent crude gained 2.4% on Friday with a close at $60.51/bl on the back of a partial US – China trade deal, Brexit optimism as well...
Baker Hughes US oil rig count has declined by 178 rigs since the recent peak of 888 rigs in mid-November 2018 with latest count now at...
For two days in a row the Brent crude oil price has traded quite hard to the downside during intra-day trading before kicking back up again...
The message from Saudi Arabia is now that it will take longer than first expected before production is fully back to normal. We are also getting...
We cannot let go of the fact that China now has dragged oil into the trade war (5% import tariff on US produced crude oil) and...
Yesterday’s report on US shale oil drilling from the EIA was mostly depressing reading for global oil producers. It showed that the completion of wells rose...
(What it means: Diesel, gasoil and jet fuel are set to become more expensive relative to crude oil prices while gasoline and high sulphur bunker oil are set...
Brent crude ydy closed down 1.5% at $58.94/bl. That was the lowest level since early January, below the lows from June and below the technically important...
Brent crude lost 7.2% and closed at $60.5/bl with also the three year contract loosing 4% with a close of $56.02/bl. Neither equities nor oil were...
