Oil price: China's shrinking manufacturing activity affects the crude oil markets

Although the prices of crude oil slightly recovered from the steady downward trend, it is unlikely to reach the economically-crucial $100 a barrel anytime soon, even by the predictions of the fierce optimists - and chartists. The slight rise in price during the last few days, which is more of an ano…

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A temporary boost for oil price: the effect of bomb cyclone

As the US braced itself for the so-called bomb cyclone before the weekend, the oil price that has been plummeting for weeks, got a sudden boost and went up. As crude oil markets closed on Friday, WTI, Brent and LNG, liquified natural gas, stood at $79.56,$83.92 and $5.08 respectively.  It is obvious,…

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The epic fall of oil price

The price of crude oil has been falling for weeks and the US crude stocks are no longer the crucial factor that determines its trend. Had it not been for the relatively high price of LNG, liquified natural gas, the fall of oil price would have been much steeper and more painful for the producers. Th…

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Oil price: China's Manufacturing PMI Index falls sharply in November!

The oil price that rose for two successive days before the weekend, only to fall back to where it was during the most part of last week, rose slightly on Monday when markets were open for business.  Since a massive US crude draw could not lift the prices of crude oil and sustain it, the rise we witn…

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Oil Price: EIA data boosts the prices for two consecutive days - before falling back!

The price of crude oil that had been falling for three successive weeks, received a substantial boost this week from none other than the EIA, the US Energy Information Administration. The EIA reported a massive crude draw on Wednesday in its weekly report: there was a draw of 12.58 million barrels d…

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