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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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China is becoming the star player in the oil game

China is becoming the star player in the oil game

China is becoming the world’s biggest crude oil importer. And it’s doing it fast. April was the month to remember, as it was the first time in history that this country got higher on the bar than the United States […]

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U.S jobs report gives the dollar a new life

U.S jobs report gives the dollar a new life

After jobs growth made a suggestion that the Federal Reserve could raise interest rates a lot sooner than expected, the U.S Treasury posted their steepest weekly jump in almost two years and the U.S currency made it to the biggest […]

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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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Oil price under the 60$ mark

Oil price under the 60$ mark

Raw oil futures fell in early on Monday in Europe, as commodity was shaken by a strong and ever becoming stronger US dollar. Commodity that was a result of the holidays across the major markets, including USA. Oil pricesin the […]

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