A mid-week update. After a $2 a barrel jump on Tuesday, NY futures slid back a bit on bit on Wednesday after an unexpected jump in US crude inventories of 3.7 million barrels which was 5 million higher than analysts had been expecting.
Articles: oil prices (98)
Three more years? That’s pretty scary! Surely there must be a mistake in that headline.
A mid-week update. So far this week, oil prices in New York and London continued the collapse that has been going on since mid-June.
A weekly update, including: -Oil and the Global Economy. -The Middle East & North Africa, -Ukraine, -Quote of the Week, -The Briefs
A mid-week update. It has been a down and up week with oil prices falling nearly $3 a barrel on Tuesday to a 16-month low for Brent and an 8-month low in New York.
A mid-week update. Oil prices have been quiet this week trading around the Wednesday close of $93.88 in New York and $102.72 in London.
A mid-week update. After falling for two days, oil prices rebounded on Wednesday after the weekly stocks report showed an unexpectedly large increase in US refinery utilization and a drop of 4.5 million barrels in US crude inventories.
A mid-week update. Crude prices continued to fall this week as markets ignored the new sanctions on Russia and the increasing turmoil in the Middle East to focus on sagging gasoline demand and increasing product stocks.
The standard way to make forecasts of almost anything is to look at recent trends and assume that this trend will continue, at least for the next several years.
A midweek update. New York crude futures have traded in a narrow range between $102-$103 per barrel this week as the markets reacted to changing headlines