Oil falls from 6-week highs touched earlier
20 July 2017
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Oil prices were decreased during the European trading session on Thursday after they reached the highest level in six weeks a day before. (more…)

Oil position tends to become stable
18 July 2017

The oil market stabilized on Tuesday, as demand level became firm. However, the United States producers and high supply levels of the OPEC still affect oil prices. (more…)

Oil falls in Asia after the strongest week
14 July 2017

Oil prices went down during the Asian morning trade session on Friday, reacting to positive forecasts on the growth of inventories and production rates. (more…)

Saudi Arabia to cut oil supply for August
12 July 2017

Saudi Arabia is going to decrease oil shipments in August to increase its summer domestic consumption, provide balance, and remain within OPEC cut deal terms. Saudi industry source also informed that the mentioned decrease could reach over 600,000 barrels per day. (more…)

Oil goes up on U.S. inventory fall, forecasts remain dull
6 July 2017

Oil prices rose on Thursday, demonstrating moderate recovery, as the better-than-expected U.S. demand report yesterday stopped the downside movement of prices. Still, analysts have less optimistic view on oil prices in 2018. (more…)

Oil prices up on U.S. drilling decrease
3 July 2017

Oil went up on Monday, as U.S. drilling activity was decreased for the first time in several months. However, prices were under pressure after OPEC’s report indicating that the output rose last month despite the cartel’s efforts to cut production rates. (more…)

Oil prices reach 2-week highs as U.S. oil production slows down
29 June 2017

Oil prices rose to two-week highs during the European trade session on Thursday, continuing a notable growth for the sixth session in a row. U.S. governmental information demonstrated the biggest crude production decline in a year. (more…)

European stocks open lower as oil prices weight
22 June 2017

Shares of European companies traded lower on Thursday, as oil prices continued to decrease and affect the market sentiment. (more…)

Oil near several-month lows ahead of US inventories data
21 June 2017

Oil prices remained not far from their multi-month lows in Europe on Wednesday. Market players are waiting for a weekly report on U.S. crude inventories today. (more…)

Oil prices go down as U.S. crude stocks and OPEC output increase
14 June 2017

Oil prices fell on Wednesday after the industry information showed that U.S. crude inventories rose. OPEC’s data published on Tuesday demonstrated that its production output also grew up, despite the oil cut agreement. (more…)