Oil Price Commentary

Last Week Oil Market Data: Last Week Crude Oil Price Movement: Oil prices closed the week approximately 3 percent lower as the outcomes of OPEC’s meeting last week were obviously less…

Last Week Oil Market Data: Crude Oil Price Movement: Oil prices moved higher last week on support from OPEC production cut extension, decline in U.S. crude oil production and…

Last Week Oil Market Data: Crude Oil Price Movement: Oil prices reversed course last week following a sharp decline in U.S. crude inventories reported by the EIA. Brent crude…

Last Week Oil Market Data: Crude Oil Price Movement: Oil prices were under pressure last week and closed the week 1.18% lower. Brent crude and WTI closed the week around…

Last Week Oil Market Data Despite recent comments by OPEC members to support oil prices, and a weaker US dollar, last week oil market data point toward a…

As expected in our last week’s Oil Price Commentary, crude oil prices fell sharply last week because of pressure from growing doubts about OPEC’s deal to cut output…

Last Week Oil Market Data Looking back at last week oil market data and news, one can clearly see that oil prices are set for another fall this…

​Last week, crude oil prices held steady trading between $56/bbl and $54/bbl. Oil prices were highly likely to rise last week, however pressure from strong US dollar, uptick…

Last Week Oil Price Overview Last week, crude oil prices hit what appears to be their highest level for 2016. On Monday,  Brent crude and WTI spiked by…

Last Week Oil Price Overview: Last week, the oil price direction was more toward upward movement especially on Monday following a positive news that the Organization of Petroleum Exporting…

Last Week Oil Prices Overview: Last week, crude oil prices fell by more than 3 percent touching new lows around $43/bbl as we expected in our last week Oil Price Commentary; Will…

Last Week Oil Prices Overview: Last week, oil prices had to say its goodbyes for $50/bbl. It was really a bad week for oil prices. Driven by the…