API

Oil prices found decent support late in the day yesterday to more than make up for the losses they had suffered earlier in the session […]

Well, no one saw that coming. As if the API’s estimate for a 12 million barrel drawdown in US stockpiles wasn’t eye-catching, the official EIA […]

The official weekly crude oil inventories report from the US Energy Information Administration (EIA), released this afternoon, has confounded expectations in a positive way and […]

This is a quick update about the AUD/CAD article we posted on Wednesday of last week (click HERE for details). Although oil prices have remained […]

The Canadian dollar has endured a volatile day because of the slump in oil prices on the back of the latest US oil inventories report […]

Oil prices are little-changed at the time of this writing after they snapped back into the positive territory and above $50 a barrel late in […]

Crude oil prices fell sharply at the end of last week and have extended their losses as the new week begins. At the time of […]

Oil prices were trading noticeably higher this morning. A barrel of oil cost $50.80 in London while the US contract was trading at $49.85. Brent […]

Having momentarily surpassed the $50 hurdle, Brent and WTI suffered from profit-taking in the second half of Thursday’s session before extending their losses slightly on […]

After another typically volatile 5-day period, both oil contracts ended higher for a second straight week. On Friday however, oil prices fell and they have […]

Brent and WT crude oil prices have sharply extended their advance to fresh 2016 highs on this first day of the new week by approx. […]

At the start of this week, oil prices found themselves sharply higher with Brent almost reaching $46.50 and WTI $46 a barrel overnight. Support for […]

This may be a dreaded month for the equity market investors and so far it is proving that way due to some really disappointing corporate […]

Crude oil prices have been consolidating inside narrow ranges over the past several trading days after wrong-footing many traders in the aftermath of the Russia-OPEC […]

Crude oil prices have managed to recover slightly after falling by as much as 2.5 per cent earlier, though both contracts were still down by […]

The long wait for the much-anticipated Russia-OPEC meeting is almost over. The general feeling is that an agreement will be reached on Sunday in Doha […]

WTI crude oil fell on the back of data from the US Department of Energy which showed US oil stockpiles rose by a sharp 9.4 […]

Oil prices have retreated sharply at the start of this week, with Brent dipping back towards $38 and WTI to $36 a barrel, thus giving […]

Although higher today, oil prices are still stuck between a rock and a hard place. On the one hand, the consistent falls in US rig […]

Crude oil prices have stormed back this week. As we go to press, Brent was trading at a good $36 per barrel while WTI was […]

Crude oil prices have dropped sharply today on the back of fresh comments from oil ministers of Iran and Saudi. Just a week ago, hopes […]

The crude oil volatility has been extremely high of late, with prices taking double digit percentage swings almost on a daily basis. Apart from the […]

West Texas Intermediate oil dropped to a fresh 12-year low at just below $27.50 this afternoon, thereby revisiting the low it had hit in January. […]