Crude oil prices continue to remain static as crude inventories build

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…

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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…

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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…

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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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