All Blog Entries

Oil prices didn't move much on a weekly scale; however it was noteworthy to see how Brent declined throughout most of the week while WTI edged up. Even the WTI future (May delivery) increased on a weekly scale.
This means the Brent Premium declined again and reached the lowest levels in over two months. The modest rise in the WTI oil price was consistent with the slight gain in the U.S stock market during the week. The recent OPEC and IEA reports may have helped eased many oil traders' concerns and assured the fundamentals are still solid for the oil market so that Brent oil should continue to come down.
During last week, WTI edged up by 0.21% while Brent declined by 2.52%; as a result, the difference between Brent and WTI ...

Oil prices continue to dwindle with an unclear trend but at least the premium of the Brent oil over WTI slipped during recent weeks. Furthermore, during last week Brent oil edged down 1.27% and WTI by 0.46%. The tensions between Iran and the West are still a cause for concern but they seem to take the back seat during recent weeks. The recent OPEC report showed there is no cause for concern for now as OPEC's oil production continues to rise mainly due to Libya's growth in production, which is still isn't at its production level from 2010.
On Friday, April 13th oil (WTI) declined by 0.78% and reached $102.83/b; Brent also slipped by 0.15% to $121.58/b.
The complete crude oil market weekly analysis at Trading NRG

...

In the recent petroleum and crude oil weekly update of the Energy Information Administration petroleum, crude oil stockpiles rose again for the third consecutive week, last week by 12.36 million barrels. Crude oil prices didn't move much last week but they did tumble down during yesterday’s trading probably due to the shift in market sentiment regarding the possibility of making another stimulus plan by the Fed. In this week's EIA update there is an analysis about the potential effect of a reduction in oil refineries in the Northeast on the petroleum market.
The complete Oil Stockpiles report

In the recent petroleum and crude oil weekly update of the Energy Information Administration petroleum, crude oil stockpiles rose again for the third consecutive week, last week by 12.36 million barrels. Crude oil prices didn't move much last week but they did tumbled down during yesterday’s trading probably due to the ---- in market sentiment regarding the possibility of making another stimulus plan by the Fed. In this week's EIA update there is an analysis about the potential effect of a reduction in oil refineries in the Northeast on the petroleum market.
The complete Oil Stockpiles report