Analysts at Goldman Sachs lowered their three-month price forecast for Brent to $US42 a barrel from $US80...
Crude oil futures fell lower today, since a glut in global supplies continued to dominate market sentiment...
On Friday oil extended its rally for a third day due to speculation that a slowdown in the U.S. shale boom will reduce a glut that’s driven prices to the lowest in 5 1/2 years, as Bloomberg reports...
Yesterday Brent crude dipped below the $50 a barrel mark yesterday. The catastrophic oil price plunge makes lots of investors nervy, as subconsciously they still stick to the pre-crash price, thinking oil is ‘worth’ $100 a barrel, regardless of what logic tells them...
Today the price of Brent Crude oil fell more than a dollar to $49.92 a barrel in early trading before edging back above the $50 mark. The price of West Texas Intermediate (WTI), oil traded in the United States, has already plunged below $50...
On Tuesday West Texas Intermediate oil futures declined below the $49-a-barrel level, while Brent also hit a fresh five-and-a-half year low, as investors piled on to their short positions in anticipation of lower prices amid lingering concerns over a growing supply glut, according to Investing...
Following overseas bourses lower on a fall in oil prices, the Australian market has lost around $25 billion in value today. The price of West Texas crude oil declined to near-six-year lows below $US50 a barrel, before settling just above that mark. Singapore's Tapis crude also fell to $US54...
There is a growing speculation that the central bank of Western Europe's biggest oil producer will have to cut rates again, as oil dips below $55 a barrel...
The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC's latest forecast. And that's just one of several sour estimates...
"Forecasters and market participants disagree about the likelihood of a significant rebound in oil prices during the next 12 months," Goldman Sachs' David Kostin wrote. "Many clients share the view priced into the futures market that Brent will remain below $70 by year-end 2015...
As GDP of U.S on at high's but the global economy regarding China ,U...
Crude oil droping amid OPEC trying to buy U.S shale oil market to cut oil production.The Crude Oil key levels below $40 and $20 will act as reversals prices will shoot upside in hopes Global droping economy touched grounds and Demand can boost any time...
US DOLLAR TECHNICAL ANALYSIS Prices edged past December’s swing top to establish a new five-year high. Near-term resistance is at 11577, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 11648...
Oil slid from the highest close in more than a week due to worries that the strengthening U.S. economy will not boost demand enough to clear a global surplus...
The key points: 1. Oil crash coincided with the introduction of economic sanctions against Russia 2. 80% of shale oil production in the US economically unviable at $60 per barrel 3...
Arab OPEC producers expect global oil prices to recover to between $70 and $80 per barrel by the end of 2015 as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilise in the medium term...
After Saudi Arabia Oil minster said the Global Oil Demand will rise in future.The Crude Oil Prices started to accelerate.The Weekly charts shows clearly japanese candlesticks Bullish hammer.More upside we will see in future. 13% fibo target 60.63 23% fibo target 66.50 38% fibo target 78.28...
According to the United Arab Emirates' energy minister, OPEC will stand by its decision not to cut output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, as Bloomberg informs...
Weak Demand to Crude Oil is mainly due to many reasons globally.The adoption of Renewable source of Energy by Europe & U.K the Crude oil demand droped so .Strong Doller and Weak Demand for Crude oil droped Oil prices at faster rate in last month.In fears The U.A...
Brent prices rose after five consecutive days of losses and a five-year low. US crude rose with players seeking a sustainable oil price in the market that is being haunted by concerns of oversupply. Light, sweet crude futures for January delivery on the New York Mercantile Exchange climbed 1...