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Oil prices declined in the past three business day, but currently they are traded slightly up. The speculation around the European debt crisis and the slowdown in Asia and US may continue to affect traders to keep crude oil prices lower than their level in previous months. Today, the U.S. New Home Sales will be published.

For the complete report of crude oil prices outlook see here in Trading NRG

On Friday, September 23rd oil price (WTI) declined by 0.85% to $79.58/b; Brent also slipped by 0.86% to $106.64/b; during September WTI fell by 10.39%; Brent decreased by 8.45%.
The chart below shows the prices development of WTI and Brent oil (normalized prices 31st of August=100) during September.
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For more on Crude oil prices outlook see here in Trading Energy


The adverse effect of the tsunami attack on Japan continues as there are radioactive clouds might reach Tokyo due to winds blowing from the Nuclear Reactor in Fukushima. The Libyan riots progress and Saudi Arabia sent troops into Bahrain.

Let's review the main news items that are related to the oil market as of March 16th:


Japan's tsunami attack

The news on adverse effects of the tsunami attack on Japan keeps on pouring in with reports of as many as 10,000 causalities due to this turmoil. Most the damage was caused in the Northeast of Japan.

The nuclear reactor in Fukushima, located ...

Crude oil price (WTI) fell while Brent oil rise – February 14 on Trading Energy


The third week of February starts off with moderate rises and falls in the energy market, and rises in precious metals. Crude oil (WTI) continued to fall, while Brent oil bounced back from last week's slow down.

Let's quickly review the changes in major energy commodities market and precious metals for February 14th:


WTI spot fell for the second straight business day, yesterday by 0.9% as it settled on 84.81$/b – the lowest level since January 27th.

Brent price, on the other hand, bounced back after it had fell on Friday, as it inclined by 1.88% to reach 102.8$/b – the highest level ...

Oil and gas prices continue to freefall –February 7 - Trading Energy


The second week of February started with falls in major oil and gas prices.


Let’s quickly review the changes in major energy commodities market and precious metals for February 7th:


Oil price (WTI spot) fell for the third straight business day, yesterday it declined by 1.74% as it settled on 87.48 $/b.

Brent price declined by only 0.51%, to settle on 99.12$/b.

Up to now, during February the WTI spot prices declined by 2.3%, while Brent declined by only 1.3%.

As a result, the spread between the WTI and Brent prices has widen a bit and it’s currently 11.64$/b ...