The price of crude oil has remained static during the first three days of this week, completely in line with the recent trend. As of 16:20 GMT, the price of WTI, Brent and LNG, liquified natural gas, recorded $74.62, $81.31 and $2.19 respectively - hardly a significant deviation from the recent, res…
Wednesday 22 February 2023
Thursday 16 February 2023
Why did the US crude stocks go up so high in a week?
The US crude stocks have gone up in an unprecedented way during the past week, defying the estimates of the seasoned analysts, leaving the crude oil markets in a state of confusion, at best and a state of panic at worst. On Tuesday, the API, American Petroleum Institute, released its weekly data th…
Monday 6 February 2023
A boost for oil prices! China's Manufacturing PMI Index is up after 4 months
In the ascending order of the ladder of relevance, there seems to be some good news as far as the stability of the crude oil markets are concerned; China has reported that a key index that reflects its manufacturing activity did cross the threshold in January, defying the gloom and doom that used t…
Friday 3 February 2023
Will Adani saga affect the price of crude oil - in the long run?
The prices of crude oil are heading for yet another weekly loss, as the conditions that first appeared to form a collective catalyst, are no longer viewed as strong as they were, when the sentiments started building up in the battered energy markets. As of 15:30 GMT, the prices of WTI, Brent and LNG…
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