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Oil Market Analysis 4 June 2012

The ongoing turmoil in the financial markets and the apparent synchronised slowdown across all the major economies have finally taking their toll on the price of oil which, at the time of writing, has fallen to $83 per barrel.  The next price point is, of...

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Daily Oil Prices 29 May 2012

Following the recent sharp sell off in oil  which has seen the WTI contract fall from a high of $110 per barrel to $91 per barrel at time of writing, it will be interesting to see whether OPEC, and in particular Saudi Arabia, are willing...

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Daily Oil Prices Chart 18 August 2009

Even I was pleasantly surprised by the rebound in daily oil prices today following yesterday’s hammer candle but the issue now facing oil traders is whether crude oil can hold onto these gains as the oil market waits for tomorrow’s crude oil inventory data and...

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Daily Oil Prices Chart 5 August 2009

Yesterday’s limited move in daily oil prices came against the backdrop of somewhat subdued equity markets, a modest strengthening of the US Dollar and a degree of profit taking as the oil market now looks forward to today’s crude oil inventories, ADP numbers and tomorrow’s...

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Daily Oil Prices 23 July 2009

Yesterday’s weekly DOE figures were interesting in that it was the cut in refining activity which seems to have caught the attention of the oil market.  Although this reduction does not appear to have translated into a build in the stock of crude it does...

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Crude Oil Price Today – February 25th 2009

Crude oil prices moved higher yesterday gaining $1.63 for the day with 9 and 40 day moving averages providing good support and resistance respectively. In an almost mirror image oil gained what it actually gave back a day before, but we notice that overnight the...

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Oil Spot Prices – 23rd February 2009

Current oil price lower this morning despite OPEC forecasting additional cuts.  Any decision is likely to be taken at OPEC’s next meeting in Vienna on 15th March. NYMEX’s main oil futures contract, light sweet crude for delivery in April, fell six cents to $39.97 a...

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