WTI $63.97 +24c, Brent $69.38 +23c, Diff -$5.41 -1c, NG $3.23 +10c Oil price Oil rallied a touch yesterday after the previous day’s technical drop ahead of the weekend meeting of Opec and Russia in Muscat. After the close the…
WTI $63.97 +24c, Brent $69.38 +23c, Diff -$5.41 -1c, NG $3.23 +10c Oil price Oil rallied a touch yesterday after the previous day’s technical drop ahead of the weekend meeting of Opec and Russia in Muscat. After the close the…
WTI $62.01 +38c, Brent $68.07 +23c, Diff -$6.06 -15c, NG $2.88 -13c Oil price A pretty good week for the oil price as all sorts of pressures took their toll and in modest volumes. The rise yesterday was following the…
WTI $47.07 +$1.03, Brent $49.68 +90c, Diff -$2.61 -12c, NG $2.95 -8c Oil price Nearly 15% up from the June lows and the oil price continues its bull run although I suspect that with some closing pre the Independence Day…
WTI $45.83 +19c, Brent $48.15 +29c, Diff -$2.32 +10c, NG $3.04 +1c Oilprice A poor week for oil as well documented supply issues took the best part of 4% off the prices. Friday recovered slightly as Nigeria suffered a pipeline…
WTI $49.66 -14c, Brent (August) $52.24 -40c, Diff -$2.58 +23c, NG $3.14 -16c Oil price Watching from afar it looked like that all sorts of panic was around in the oil market during and after the Opec meeting but prices…
WTI $46.23 +70c, Brent $49.10 +72c, Diff -$2.88 -18c, NG $3.27 +8c Oil price That was the week that was, even after the rally on Friday, both WTI and Brent were down the best part of three bucks on the…
WTI $47.66 -$1.18, Brent $50.46 -$1.06, Diff -$2.80 -2c, NG $3.19 -2c Oil price The conflicting pressures on the crude price at the moment remind me of the rhyme, Patience is a virtue, virtue is a grace, Grace is a…
WTI $49.62 +6c, Brent $51.82 -28c, Diff -$2.20 -34c, NG $3.14 +10c Oil price A very mixed market at the moment as shown by movements yesterday. Do they ever learn is the watchword as yet again the teenage scribblers on…
WTI $53.14 -6c, Brent $55.92 -9c, Diff -$2.78 -3c, NG $2.82 -8c Oil price Still not much going on, the Saudi Oil Minister said that he sees the oil market ‘improving’ but then he would, wouldn’t he? The market is…