EIA

Crude oil has extended its falls for the fifth day. A barrel of Brent oil now costs less than $52 while WTI is at $45.50 […]

After a significant drop last week, oil prices tried to stabilise themselves at the start of this week as both contracts ended Monday’s session slightly […]

A correction of some sort in crude oil prices seemed inevitable and this may well have started today with both contracts falling nearly 4% each. […]

Both oil contracts have bounced back a little after Thursday’s sharp plunge. The all-time high crude stockpile levels in the US is the number one […]

Oil prices have bounced back after Wednesday’s decline and are thus back higher on the week after Monday’s rally. As before, I think oil prices […]

Oil prices have been coiling for several weeks now with both contracts spending most of their time in a tight four dollar range. Brent has […]

Crude oil prices have been on a roller-coaster ride to absolutely nowhere in recent weeks. It appears as though the buying and selling pressure in […]

The wheels have come off the U.S. energy sector rally.

After an uninspiring couple of weeks, oil prices looked to be finally on the move this week: both crude contracts were trading higher for the […]

Crude oil struggled to hold onto its initial gains made on the back of the official US oil inventories report. Both contracts initially bounced nicely […]

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 […]

Overnight saw crude oil extend its decline as concerns about oversupply were reinforced although prices have since rebounded ahead of the publication of the official […]

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 […]

The US dollar has eased off its best levels after rebounding across the board following the release of some strong US macroeconomic pointers on Tuesday. […]

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. […]