Fall in oil prices for three weeks: is the 'nuclear option' of the US behind it?

The prices of crude oil seem to have found their respective new equilibrium during the past few weeks, having fluctuated wildly at the early stages of the recent price 'crash'. The prices of WTI and Brent have settled slightly above $80 and $90 respectively. As of 08:30 GMT on Friday, the pri…

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Energy crisis: a coal crunch is going to be the latest blow

The European energy crisis that shows no sign of easing at present,  now faces yet another challenge due to the shortages of a fossil fuels, usually dubbed as the dirtiest of all - coal. Analysts are already warning over what they call, a coal crunch. The EU has already been scrambling to meet the 80…

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Oil price: China's demand is back on track, but its Forex reserves have been falling

China's manufacturing PMI, Purchasing Managers Index, rose by 0.4%, according to the National Bureau of Statistics of China, in August with respect to that of July, although it is still below the threshold, implying the economic headwinds that China encountered since June. Despite the encouragin…

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Oil prices: Russian factor is not the only one that can affect the supply crisis!

The price of crude oil did not spike due to the modest output cut announced by the OPEC+,  in order to stop the prices of the commodity from falling. The price, however, remained relatively static despite the news, as analysts and investors have chosen to focus on the bigger picture on the horizon …

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Oil price: wild oscillation continues between $80 and $100 a barrel

The price of crude oil has been falling substantially since the markets opened on Thursday morning, as the wider economic worries weigh on the sentiments of a snap recovery. As of 13:15 GMT, WTI and Brent recorded $88.25 and $94.15 respectively. With the price of LNG, liquified natural gas, at $9.10…

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Oil Price: clashes in Libya put yet another damper on supply sentiment

source: tradingeconomics.com The price of crude oil that fell steeply during the last three weeks is steadily picking up the upward momentum again, buoyed by the spectacle of a series of favorable conditions. The latest that worries the markets is the spectre of war in Libya again: the clashes betwee…

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High gas prices offer metaphorical parachute to the falling oil prices

The price of crude oil that is currently at the mercy of the combination of high gas prices, never-ending global political uncertainties and the fear of recession, took yet another dive, when major markets opened on Monday. As of 13:30 GMT, the prices of WTI and Brent recorded $87.31 and $93.15 resp…

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Oil Price: it's clear that demand has suffered as feared!

The price of crude oil that fell below $90 for the first time in months, struggles to recover the lost ground in the presence of plethora of bad economic news. As of 10:50 GMT, the prices of WTI and Brent were at $89.98 and $95.61 respectively; the price of LNG, liquified natural gas, was $7.90. Of c…

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Falling oil prices: for how long can gas prices prop up the oil prices?

The fall of the prices of crude oil has been continuing for the whole week despite the obvious supply woes: the price of WTI and Brent fell below $90 and $100 respectively for the first time since the Russia-Ukraine war. As of 13:40 GMT, the price of WTI and Brent were at $88.66 and $94.32 respectiv…

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Crude oil price: prices slightly down, remain fairly static

The price of oil remains almost static for the second successive week,  something that has not been satisfactorily accounted for by market analysts. Although the speculation is rife about the so-called demand destruction, the US crude inventories did not build last week; on the contrary, they fell si…

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Oil Price: will high gas prices prop it up against falling?

Although the price of WTI has been remaining below $100 for this week, a  significant divergence in price between two major benchmarks, WTI and Brent,  continue to baffle the analysts and investors alike. The fall in price, however, has not made a perceptible impact at pumps in Europe at present; it i…

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Falling oil price: yet another false dawn in the absence of supply boost

The price of crude oil has fallen in the markets on Thursday that cannot be fully attributed to the modest US inventory build announced by the API, American Petroleum Institute, on Tuesday. Nor is the downward trend  going to be sustainable, given the high price of LNG, liquified natural gas, in the…

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