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…
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