Today, the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut its oil output for the first time since 2008. A decision that surprised the oil market…
Oil Market Updates
-
-
Crude oil prices reached its highest level since months ago supported by OPEC’s oil deal, a sharp decline in U.S. crude oil stockpiles, and anticipations of a negative impact…
-
Reading the news about OPEC’s members reactions to Algeria’s meeting makes you feel it is still April 2016, but looking at the calendar tells you it is not.…
-
Crude oil prices reached the $50/bbl threshold today as expected in our Oil price Commentary published earlier this week on Monday. The rise in oil prices to this level…
-
This week, crude oil prices broke below the $40/bbl threshold. TWI crude fell to nearly $39.5/bbl on Tuesday. The fall in oil prices below $40/bbl was a result…
-
This week marks the worst performance of oil prices after its recovery above $50/bbl. Brent crude fell from $46/bbl to around $42/bbl. The sharp fall in oil prices at…
- 1
- 2