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Saudi oil exports drop, U.S. slashes drill rigs and oil price? Falls!

Saudi oil exports drop, U.S. slashes drill rigs and oil price? Falls!

Oil prices just can’t get enough of bears despite the latest bullish news. The Saudi Arabian crude exports are in five months low despite record production, while the accelerated U.S. drilling output seen few weeks ago appeared to peter out. The […]

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Surplus and rising appetite in the oil markets: lukewarm prospects

Surplus and rising appetite in the oil markets: lukewarm prospects

The drowsy oil market since 2013 will seemingly continue in the next six months as well. The $5 crude range is the narrowest in 19 months while the volume was the lowest since December. The open interest – the number of outstanding […]

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Oil up one percent, U.S inventories down again

Oil up one percent,  U.S inventories down again

American inventories fell for a fourth straight week which caused crude futures to arise about one percent on Friday, even though all of the prices are set in expectation for a weekly drop on a strong dollar. At the beginning […]

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