WTI $64.30 -87c, Brent $68.91 -56c, Diff -$4.61 +31c, NG $2.62 -2c Oil price After a fast and furious week, for me and the oil price, it looks like crude will end up testing important levels, WTI is close to…
WTI $64.30 -87c, Brent $68.91 -56c, Diff -$4.61 +31c, NG $2.62 -2c Oil price After a fast and furious week, for me and the oil price, it looks like crude will end up testing important levels, WTI is close to…
WTI $61.19 +23c, Brent $65.12 +23c, Diff -$3.93 n/c, NG $2.68 -5c Oil price The most unreliable of the three main forecasters, the IEA started to back track on its more bearish than most demand forecasts yesterday and at this…
WTI $57.30 -69c, Brent $63.11 -50c, Diff -$5.81 +19c, NG $3.18 +5c Oil price Opec day today so we are in the land of guesswork, yesterdays modest fall was in response to the speech by the Saudi Oil Minister who…
WTI $50.55 -15c, Brent $56.43 +14c, Diff -$5.88 n/c, NG $2.95 -15c Oil price Oil vacillated yesterday, Brent rose as Nigerian crude outages kept demand for that crude firm whilst WTI drifted. Exxon have announced that their Baytown and Beaumont…
WTI $47.59 -$1.23, Brent $50.73 -$1.37, Diff -$3.14 -14c, NG $2.96 -2c Oil price The bulls turned tail in a hurry yesterday afternoon, maybe it was the report from China of the refinery output falling, indicating lower crude demand, or…
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 $49.62 -$1.09. Brent $51.96 -$1.03, Diff -$2.34 -38c, NG $3.10 -6c Oil price The oil price is up this morning, the first day since Easter and both WTI and Brent have since lost about four bucks a barrel for…
WTI $47.70 -34c, Brent $50.56 -8c, Diff -$2.86 +26c, NG $3.05 +4c Oil price Both crudes are likely to be down slightly on the week as the bears think they are winning the battle but the bulls still have more…
WTI $52.42 +$1.05, Brent $55.49 +$1.33, Diff -$3.07 +28c, NG $3.20 -16c Oil price Very little change last week, indeed this time last week you could have closed the book and taken the week off. The usual voices pushing either…